Annual Reporting
Lodging the Annual Energy Acquisition Statement (AEAS)
Liable entities are required to report to the Regulator all relevant acquisitions between 1 January and 14 February annually proceeding the compliance year that just ended. Liable entities must discharge their LRET liability by surrendering LGCs annually between 1 January and 14 February and must discharge their SRES liability by surrendering STCs on a quarterly basis. The liable entity may also revise previously reported relevant acquisitions or report and discharge additional relevant acquisitions for previous compliance years.
For example, a liable entity must report any relevant acquisitions made in 2011 between 1 January and 14 February 2012, including any revisions to relevant acquisitions and partial exemption certificates reported for the 2010 compliance years and report any additional relevant acquisitions for the previous compliance year, if applicable.
To report relevant acquisitions, liable entities must submit an Annual Energy Acquisition Statement (AEAS). This includes the Large-scale Generation Shortfall Statement and Small-scale Technology Shortfall Statement, by 14 February for the compliance years being reported by the liable entity. These forms advise the Regulator of the reduced acquisition, which is the sum of all relevant acquisitions less, if applicable, Partial Exemption Certificates (PECs) in a compliance year. Liable entities must also discharge the LGC or STC liability when lodging these forms by offering LGCs or STCs for surrender in the REC Registry (online REC market place) or by offering the appropriate Shortfall Charge, which is set under Part 4 – Division 1 of the Act.
Visit - Annual Energy Acquisition Statement
Date last updated: 14 Mar 2012