To participate in the Renewable Energy Target schemes and access the REC Registry, users are required to pay a fee when they create and surrender small-scale technology certificates (STCs) and large-scale generation certificates (LGCs). These fees are payable in accordance with the
Renewable Energy (Electricity) Regulations 2011.
Payment for the fees is not required until relevant thresholds are met—to encourage and support one time participants in the Renewable Energy Target Schemes. Once a threshold has been met, a fee must be paid for all certificates created by the account (including those originally under the threshold).
Notes: Desired certificate transactions will not be complete until the fees are paid. Surrender fees are not applied to voluntary surrender offers.
REC Registry fee structures
| Fee Item | Fee amount |
|---|
| LGC creation fee | $0.08 |
| STC SGU solar creation fee | $0.47 |
| STC SGU wind creation fee | $0.47 |
| STC SGU hydro creation fee | $0.47 |
| STC SWH/ASHP creation fee | $0.08 |
| LGC surrender fee | $0.08 |
STC surrender fee
(payable for Clean Energy Regulator created STCs also) | $0.08 |
Threshold structure
| Certificate Threshold | Threshold amount | Notes |
|---|
| SGU creation threshold | 250 | Is for all STCs for SGUs created on or after 17 October 2011. |
| Other certificate creation threshold | 250 | Includes: -
STCs created for SGUs prior to 17 October 2011.
-
STCs created for SWH/ASHP, and
-
LGCs created
|
| Surrender of STCs and LGCs | 0 | There is no threshold for surrender fees. |
REC Registry access fees
One off application fees apply when upgrading REC Registry accounts, where permission to register small-scale installations is granted.
| Certificate threshold | Threshold amount | Notes |
|---|
| Registered person | $20 | N/A |
| Agent | $230 | N/A |
Fees for power station accreditation
| Criteria | 1997 eligible renewable power baseline type | Fee |
|---|
< 10MW, other than small generation unit or solar water heater to which item 1 applies
| (a) default or nil baseline | $50 |
| (b) special baseline with data | $150 |
| (c) special baseline without required data (modelling required) | $250 |
| ≥ 10 MW to ≤ 25 MW | (a) default or nil baseline | $200 |
| (b) special baseline with data | $500 |
| (c) special baseline without required data (modelling required) | $1000 |
| > 25 MW | (a) default or nil baseline | $1000 |
| (b) special baseline with data | $1700 |
| (c) special baseline without required data (modelling required) | $3000 |
Paying a fee in the REC Registry
To pay fees, follow these steps:
- Login to your REC Registry account.
- Click on the 'Finance' menu heading, then the 'Fees' menu item.
- Select the fee item(s) you wish to pay.
- Click on the 'Create payment advice' button.
- A payment advice with the selected fees will now be created and you will be redirected to the 'Payment advice' page, where the search results will automatically display the payment advice you just created.
- Open the payment advice, either on screen or as a PDF, and make payment using one of the methods specified at the end of the payment advice.