Creating and Selling LGCs
Once your RET power station has become accredited, you can access your REC Registry account and create large-scale generation certificates (LGCs).
When you have created the LGCs for your RET power station and these LGCs are validated by the Clean Energy Regulator, they become registered in the REC Registry. You can then sell or acquit them against your liability. Most potential buyers will be liable entities (wholesale purchasers of electricity) who must buy LGCs in order to acquit their liability under the Large-scale Renewable Energy Target (LRET).
Why create LGCs?
- To fulfil the requirements of being a RET power station under the Large-scale Renewable Energy Target (LRET)
- To obtain a financial benefit from the sale of LGCs for the renewable energy electricity generated under the LRET.
For information on the LGC formula, visit LGC Eligibility Formula.
For information on how to create LGCs, visit Creating LGCs.
Why sell LGCs?
- To gain a financial benefit for renewable electricity produced by accredited RET power stations.
- To gain a financial benefit for the installation of an eligible small-scale system if installed prior to January 1, 2011.
For information on how to sell LGCs, visit Selling LGCs.
Date last updated: 22 Mar 2012