Large-scale Generation Certificates 2018-05-07T06:48:22+00:00

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Large-scale Generation Certificates

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The LGC market operates in a manner similar to that of the old Renewable Energy Certificate (REC) market. Liable Entities, generally electricity retailers, must acquire a number of LGCs equal to the target that is prescribed in legislation, and surrender them annually.

The target for 2018 is set at 16.06%, or 28,637,000 and will rise to 33,850,000 by 2020 following the agreement between the  Abbott Government and Shorten Opposition in 2016 to reduce it from a peak of 41,850,000..

LGCs are created by large-scale renewable energy power stations and represent one MWh of electricity generated. There are more than 15 types of approved renewable energy sources including wind, solar, hydro and landfill gas.

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Year Current LRET Target
2018 28,637,000
2019 31,244,000
2020 33,850,000
2021-2030 33,000,000

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For more information on the Renewable Energy Target, visit:

www.cleanenergyregulator.gov.au/RET

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Or if you would like tailored information on its impact on your business, please call our desk on +61 2 9251 4422 or +61 3 9614 2700.
Alternatively, you can send an email via the Contact Us page.

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