The Small-scale Renewable Energy Scheme (SRES)
Small-scale technology certificates (STCs) includes small scale renewable energy technology installations such as eligible solar hot water heaters, heat pumps, and or small generation units less than 100kWs including photovoltaic PV panels, hydro and wind systems. STCs are created in the online REC Registry.
In late 2010, the STC market began via the Renewable Energy Target (RET) being split into two categories: the Large-scale Renewable Energy Target (LRET) and the Small-scale Renewable Energy Scheme (SRES).
The Small-scale Renewable Energy Scheme (SRES) was left uncapped, but notionally allocated at least 4,000 GWh. The SRES does not have a clear target in advance, instead the regulator sets the estimation of the following years Small Scale Technology Percentage (STP) based on what it believes will be the likely STC creation. For 2012, the STP was established at 23.96% which will equal approximately 45 million STC’s.
One STC is equivalent to 1 MWh (megawatt hour) of:
- renewable electricity generated by the solar panel, small-scale wind or small-scale hydro system (unless the Solar Credits multiplier applies; or
- electricity displaced by the installation of a solar water heater or heat pump.
More information can be obtained via:http://ret.cleanenergyregulator.gov.au/about-the-schemes