Renewable Energy Certificates Registry
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The Renewable Energy Certificates Registry (REC-registry) is an internet-based registry system established by the Australian Renewable Energy (Electricity) Act 2000 (the Act),[1] and maintained by the Clean Energy Regulator.
The REC-registry:
- facilitates the creation, registration, transfer and surrender of large-scale generation certificates (LGCs) and small-scale technology certificates (STCs),
- 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.[2]
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 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.