Shell Energy
7 January 2021

State and Federal Renewable Energy and Energy Efficiency Schemes 101

Scheme Jurisdiction Description Certificate Certificate Unit Certificate Price Regulator Website
Large-Scale Renewable Energy Target (LRET) Federal Renewable Energy Large-scale Generation Certificate (LGC) or LREC MWh No cap or floor Clean Energy Regulator (CER) Visit website
Small-scale Renewable Energy Scheme (SRES) Federal Renewable Energy Small-scale Technology Certificate (STC) or SREC MWh Capped at $40 per STC via the Clearing House, no floor Clean Energy Regulator (CER) Visit website
NSW Energy Savings Scheme (ESS) NSW only Energy Efficiency Energy Saving Certificate (ESC) 1 notional MWh of energy saved No cap or floor Independent Pricing and Regulatory Tribunal of NSW (IPART) Visit website
Victorian Energy Upgrades (VEU) Vic only Energy Efficiency Victorian Energy Efficiency Certificate (VEEC) 1 tonne of greenhouse gas emissions reduction (CO2-e) No cap or floor Essential Services Commission (ESC) Visit website
Energy Efficiency Improvement Scheme (EEIS) ACT only Energy Efficiency NA NA NA ACT Government - Environment, Planning & Sustainable Development Visit website
Retailer Energy Productivity Scheme (REPS) SA only Energy Efficiency NA NA NA Essential Services Commission of South Australia (ESCOSA) Visit website

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