On or before Monday 14 February 2022, liable entities who made a relevant acquisition in 2021 must comply with their Renewable Energy Target (RET) obligations by:
- lodging an Energy Acquisition Statement (EAS), and
- surrendering large-scale generation certificates (LGCs), quarter 4 small-scale technology certificates (STCs) or paying shortfall charges.
If information reported in the 2020 EAS has changed, you must also lodge an amendment to the 2020 EAS. Amendments can result from changes to Australian Energy Market Operator (AEMO) or AEMO Western Australia final settlement data or revised meter data.
For more information on your obligations please visit Certificate surrender and Reporting liability. Lodgement and surrender functions are available through the REC Registry.
Certificate surrender and shortfall
Liable entities may carry forward less than 10% of their LGC liability in total without incurring a shortfall charge. Shortfall charges apply in all other circumstances where insufficient certificates are surrendered.
Shortfall in any amount can impact a liable entity's eligibility to claim a refund of previously paid shortfall charges. If you are intending on paying shortfall charges, please ensure you seek advice from a tax accountant on the treatment of claiming refunds.
All certificate shortfalls are published on our certificate shortfall register and in the RET Administrative Report to Australian Parliament.
When to contact us
You should contact us as soon as possible if you:
- lodged an EAS in 2020 but did not make any relevant acquisitions in 2021
- do not intend to surrender their full required amount of certificates, or
- intend to make a refund claim.