Certificate prices

A small-scale technology certificate (STC) is equal to 1 megawatt hour of renewable electricity either generated or displaced by eligible small-scale renewable energy systems such as solar PV, wind and hydro and solar water heaters and air source heat pumps. STCs create a financial incentive to install small-scale renewable energy systems by reducing upfront installation costs.

The nominated person for an accredited power station may create large-scale generation certificates (LGCs) for eligible electricity generated by the power station. Eligible electricity is electricity generated from the power station's renewable energy sources.

One LGC can be created per megawatt hour (MWh) of eligible electricity generated by a power station. The amount of electricity generated by a power station is to be worked in accordance with the large-scale generation certificate general formula.

Each ESC represents one notional megawatt hour (MWh) of energy. Energy Savings Certificates (ESCs) are a tradable certificate issued for electricity, gas, and other energy savings that result from a technology upgrade or modification. ESCs are created under the New South Wales Government’s Energy Savings Scheme (ESS).

Victorian energy efficiency certificates (VEECs) are electronic certificates created under the program when certain energy efficiency activities are undertaken in residential or non-residential premises. Each certificate represents one tonne of greenhouse gas emissions reduction (CO2-e).

Australian Carbon Credit Units (ACCUs) are a financial instrument awarded to eligible energy efficiency, renewable energy generation and carbon sequestration projects that result in a reduction of Greenhouse Gas (GHG) emissions.

One ACCU represents the avoidance or removal of one tonne of carbon dioxide equivalent (tCO2-e) GHG.

A Peak Reduction Certificate (PRC) is a tradeable certificate created under NSW Peak Demand Reduction Scheme (PDRS).

One PRC represents 0.1 kilowatts of peak demand reduction capacity averaged over one hour during the peak summer period, which occurs between: 1 November and 31 March