Large-scale generation certificates
Accredited renewable energy power stations are entitled to create large-scale generation certificates based on the amount of eligible renewable electricity they produce above their baseline. As a guide, one large-scale generation certificate is equal to one megawatt hour of eligible renewable electricity.
Once created and validated, these certificates act as a form of currency and can be sold and transferred to other individuals and businesses at a negotiated price. Large-scale generation certificates are usually sold to liable entities (electricity retailers), who are required to surrender a set number of certificates to the Clean Energy Regulator each year.
The Renewable Energy Target is supported by an online registry system, called the REC Registry, which facilitates the creation, registration, auditing, transfer and surrender of large-scale generation certificates and small-scale technology certificates.
For more information see large-scale generation certificates.
Date last updated: 10 Feb 2015