Articles

The Role Of Large Scale Generation Certificates

by Ecovantage Water Heat Water Heat Pumps

A few years ago, the government introduced a new system of Large Scale Generation Certificates (LGCs) to replace the Renewable Energy Target (RET). The Large Scale Renewable Energy Certificates is designed to support large-scale renewable energy projects by providing an incentive for electricity retailers and other buyers to purchase electricity from eligible renewable generators.

How do LGCs operate?

The generation of an LGC occurs when renewable energy is produced from eligible projects in accordance with these requirements. They can be bought and sold in various markets throughout Australia, including:

  • wholesale electricity market;
  • spot market; or
  • retail electricity market

Who is eligible for an LGC?

  • Eligible customers are those who generate renewable energy, for example, a farmer with a solar array on his property or a company that generates electricity from wind turbines.
  • Eligible customers are also those who use renewable energy in their homes and businesses, such as homeowners with rooftop solar panels and tenants who rent apartments with on-site wind turbines.
  • Finally, eligible customers include anyone connected to the electricity grid--even if they don't use renewable power themselves!

How do I access an LGC?

The Clean Energy Regulator is responsible for issuing large-scale generation certificates. These certificates can be sold or traded, enabling you to support renewable energy projects by purchasing them from retailers or generators.

There are some situations in which you may be able to access a Large Scale Renewable Energy Certificates without having to pay for one:

Large Scale Generation Certificates

If your electricity retailer offers its customers an option to buy clean energy products (such as solar panels), then they will likely have an arrangement with a generator that allows them access to these certificates at no cost as part of their service offering. 

In this case, there will be no additional cost incurred by either party when buying or selling these products; the only difference being that instead of paying upfront costs associated with installing solar panels on their roof space--which would normally include installation costs--you'll instead receive discounts based off how much power you use throughout each billing period.

Another way to get Large Scale Renewable Energy Certificates without paying for one is if your electricity retailer has a renewable energy option that's less expensive than their standard service offering. For example, some retailers offer customers the opportunity to pay an extra monthly fee in exchange for receiving 100% clean energy from their local grid.

Conclusion

We hope this article has helped you understand the role of LGCs in renewable energy generation. If you're interested in using solar power at home or work, we recommend getting in touch with your local installer to find out more about their services and how they can help you get started !


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About Ecovantage Water Heat Freshman   Water Heat Pumps

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Joined APSense since, March 13th, 2023, From Collingwood, Australia.

Created on Apr 21st 2023 00:53. Viewed 126 times.

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