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Energy Insights
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State and Federal Renewable Energy and Energy Efficiency Schemes 101
Energy Efficiency
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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