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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