The Renewable Energy Certificates Registry (REC-registry) is an internet-based registry system in Australia for renewable energy certificates (RECs). If an Australian organization installs a green energy installation (solar energy, wind energy, etc.), they can apply for RECs to offset consumption of fossil fuels.
The REC-registry was established by the Australian Renewable Energy (Electricity) Act 2000 (the act),[1] and is maintained by the Clean Energy Regulator.
The REC-registry:
- facilitates the creation, registration, transfer and surrender of large-scale generation certificates (LGCs)[2] and small-scale technology certificates (STCs)],[3]
- tracks the ownership and status of all certificates,
- provides access to the STC clearing house, and
- maintains various public registers as required by the act.[4]
Prior to 1 January 2011, the primary mechanism in the renewable energy target (RET) was the renewable energy certificate (REC). From 1 January 2011 RECs were split into small-scale technology certificates (STCs) and large-scale generation certificates (LGCs). RECs are still used as a general term covering both STCs and LGCs.
All certificates must be created in the REC-registry[5] before they can be bought, sold, traded or surrendered. Participants must hold an account and be registered as a REC-registry user to create, view or transfer certificates.
References
edit- ^ "Delayed Redirect". www.legislation.gov.au.
- ^ "Trading of Large Scale Generation Certificates LGC". www.tradeingreen.com.au.
- ^ Australia, Author Apricus (April 9, 2014). "What are Small Scale Technology Certificates-STCS | Apricus Australia".
{{cite web}}:|first=has generic name (help) - ^ Register, c=AU; o=Commonwealth of Australia; ou=Clean Energy. "REC Registry home". www.rec-registry.gov.au.
{{cite web}}: CS1 maint: multiple names: authors list (link) - ^ Register, c=AU; o=Commonwealth of Australia; ou=Clean Energy. "REC Registry home". rec-registry.gov.au.
{{cite web}}: CS1 maint: multiple names: authors list (link)