Under the Renewable Energy Target (RET), liable entities that make relevant acquisitions of electricity are required to annually report those acquisitions, by lodging an energy acquisition statement each year. To lodge an energy acquisition statement, you will need to
create a REC Registry account.
Energy acquisition statements are completed in the
REC Registry. They must be lodged between 1 January and 14 February following each assessment year. Energy acquisition statements ensure the Clean Energy Regulator (the agency) is informed about liable entity activity during the assessment year.
Energy acquisition statements include information about the following:
Small-scale technology certificates (STCs) for quarter 4 and large-scale generation certificates (LGCs) are surrendered at the same time as lodgement of the energy acquisition statement.
Section 44 of the
Renewable Energy (Electricity) Act 2000 (the Act) outlines the requirements for energy acquisition statements.
Liable entities can be provided exemption certificates from their customers that
conduct eligible emissions-intensive trade-exposed (EITE) activities. The agency has no role in this negotiation. Liable entities then use exemption certificates to calculate their reduced acquisitions and determine the number of LGCs and STCs they are required to surrender.
Liable entities report exemption certificates in their energy acquisition statements. Reported exemption certificates are subtracted from the liable entity’s relevant acquisitions to determine their reduced acquisitions. The reduced acquisitions are then used to calculate a liable entity’s
LGC and STC liability.
To report exemption certificates in an energy acquisition statement, the liable entity must include:
Exemption certificate information is located in the
Client Portal. During the application process, EITE entities can grant liable entities access to receive an exemption certificate notification, the exemption determination calculator, or a notice of certifiable amount notification.
Liable entities can engage with EITE customers to agree on arrangements for the exchange of exemption certificate information. This may include metering and billing information required for the EITE customer to submit their monthly readings in the Client Portal.
To ensure that liable entities have their exemption in time to lodge their energy acquisition statement by 14th February, EITE entities are required to submit monthly data into the Client Portal exemption determination tool by 16th January.
For further information on how to locate the required EITE information, please contact your EITE customer.
Liable entities can request amendments to their previous year’s energy acquisition statement.
If a liable entity wishes to amend a previous energy acquisition statement, they must request it within 12 months of the energy acquisition statement’s original lodgement.
Liable entities who wish to request an amendment to an energy acquisition statement must contact the agency in writing.
An amendment may be requested for various reasons, including:
If the amendment to the energy acquisition statement results in increased relevant acquisitions, the liable entity may
surrender certificates surrender certificates to acquit the increased liability to acquit the increased liability.
If a liable entity does not surrender the required number of certificates, they must complete a renewable energy shortfall statement and may incur a
shortfall charge. This is incorporated in the energy acquisition statement.
The agency may complete a default assessment of shortfall charges if a liable entity does not surrender additional certificates following an amendment to their energy acquisition statement. If this occurs, the liable entity may be eligible to claim a refund on large-scale shortfall charges.
Section 45A of the
Renewable Energy (Electricity) Act 2000 (the Act) outlines amending energy acquisition statements at the request of the liable entity.
The agency is able to initiate an amendment to an energy acquisition statement within 4 years of the original energy acquisition statement being lodged.
If the amendment to the energy acquisition statement results in increased relevant acquisitions, the liable entity may surrender additional STCs and LGCs to acquit the increased liability.
If a liable entity does not surrender the required number of additional certificates, the agency will conduct an assessment of
Section 45B of the
Renewable Energy (Electricity) Act 2000 (the Act) outlines energy acquisition statements on the agency’s initiative.
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The Clean Energy Regulator is a Government body responsible for accelerating carbon abatement for Australia.