What is the Renewable Energy Scheme?
The Australian Government set a renewable energy target (RET) to encourage more production of electricity from renewable sources. Renewable energy sources include bio, geothermal, ocean, solar and wind energy as well as hydropower. The government has set a target of 20% renewables by 2020.
The RET creates a legal requirement for retailers such as Jacana Energy to get a part of their overall energy from renewable energy generators. Retailers buy this energy in the form of renewable energy certificates or RECs. Each REC represents 1 MWh of renewable energy. RECs are created by renewable energy companies and supplied either directly to retailers or they are sold on an open market. Like any market, the price of RECs is created by the forces of supply and demand.
The RET was changed a few years ago. Now a proportion of certificates a retailer must buy each year have to be sourced from large renewable energy generators (such as wind farms and large commercial solar installations). These certificates are called large-scale generation certificates or LGCs.
Retailers must also buy a proportion of their renewable energy from small renewable generators (such as solar hot water or solar PV). These certificates are called small-scale technology certificates or STCs.
What are Small-scale Technology Certificates (STCs)?
A small-scale technology certificate is a type of renewable energy certificate. When you install an eligible small-scale renewable energy system such as solar panel systems, small-scale wind systems, small-scale hydro systems, solar water heaters or air source heat pumps you are entitled to a number of STCs. These certificates can be created through the REC Registry.
The amount of STCs can be created is calculated based on the amount of electricity a system produces. As a general guide, an STC is obtained for every 1 megawatt-hour (1000 kilowatt-hours) of electricity produced by your system.
Owners of eligible small-scale renewable energy systems can assign their certificates to a registered agent or sell their STCs to partially offset the cost of installation.
How can my customers gain a financial benefit for their STCs?
Your customers have two options for gaining a financial benefit for their STCs:
- Assigning the right to create their STCs to you (if you are a registered agent) in exchange for a discount on your system or an upfront financial benefit. A registered agent under the Small-scale Renewable Energy Scheme is a retailer, trader or installer of small-scale renewable energy systems who can create STCs which have been assigned to them. The Clean Energy Regulator (CER) website has a list of registered agents.
- They can create and sell their STCs themselves, either directly to an electricity retailer like Jacana Energy or into the open market through the STC Clearing House. All small-scale technology certificates must be created within 12 months after your system is installed.
The majority of system owners choose to assign the right to small-scale technology certificates to a registered agent, as receiving an upfront financial benefit is often a simpler process, and faster than creating and trading the certificates independently through the open market or STC clearing house. Find more information on how to register as an agent with the CER.
Can I apply to assign STCs to Jacana Energy on behalf of my customers?
Yes. As of 1 July 2016 Jacana Energy only accepts STC applications from solar installers on behalf of their customers. Individual customers cannot lodge STC applications with us directly.
To assign Jacana Energy the right to create your customers’ STCs, please fill in the relevant application forms.
Please note: Photovoltaic Small-Scale Renewable Energy Application Form is currently being redesigned. We apologise for any inconvenience caused.
- Photovoltaic Small-Scale Renewable Energy Application Form - available soon
- Solar Hot Water Small-Scale Renewable Energy Application Form
Jacana Energy requires a copy of the installation report with the application.
Submit the completed application form and attachments by email or post.
Small-Scale Renewable Energy Application
GPO Box 2601
Darwin NT 0801
Jacana Energy aims to process applications within 8 weeks. For more information, call us on 08 8928 6790.
Does Jacana Energy buy STCs?
Yes, we do. If you have created certificates in the REC Registry and wish to sell them to Jacana Energy call us on 08 8928 6790 for our current price for STCs. The price for STCs offered by Jacana Energy may vary.