[fusion_builder_container admin_label=”” hundred_percent=”yes” equal_height_columns=”no” menu_anchor=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” background_color=”” background_image=”” background_position=”center center” background_repeat=”no-repeat” fade=”no” background_parallax=”none” enable_mobile=”no” parallax_speed=”” video_mp4=”” video_webm=”” video_ogv=”” video_url=”” video_aspect_ratio=”” video_loop=”yes” video_mute=”yes” video_preview_image=”” border_size=”” border_color=”” border_style=”solid” margin_top=”” margin_bottom=”” padding_top=”” padding_right=”” padding_bottom=”” padding_left=””][fusion_builder_row][fusion_builder_column type=”1_1″ layout=”1_1″ background_position=”left top” background_color=”” border_size=”” border_color=”” border_style=”solid” spacing=”yes” background_image=”” background_repeat=”no-repeat” padding_top=”” padding_right=”” padding_bottom=”” padding_left=”” margin_top=”0px” margin_bottom=”0px” class=”” id=”” animation_type=”” animation_speed=”0.3″ animation_direction=”left” hide_on_mobile=”no” center_content=”no” min_height=”none” last=”no” hover_type=”none” link=”” border_position=”all”][fusion_title margin_top=”” margin_bottom=”” hide_on_mobile=”small-visibility,medium-visibility,large-visibility” class=”” id=”” size=”1″ content_align=”left” style_type=”single solid” sep_color=””]
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.a
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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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