The 2022 Quarter 2 deadline to surrender small-scale technology certificates (STCs) is approaching. You should now know whether you will have enough certificates or require purchasing more from the STC clearing house for surrender on or before 28 July 2022.
The Clean Energy Regulator does not have any discretion to amend or extend this deadline. Failure to surrender the required number of STCs on time will result in a shortfall charge of $65 per certificate not surrendered.
Planning on using the STC clearing house?
If you're still planning on using the STC Clearing House, today is the last day to purchase and make payment. The only payment method accepted is through electronic funds transfer (EFT). You can choose a real time transfer if your bank provides this service, otherwise payments may take up to 5 business days to clear.
Please note you cannot pay for an STC clearing house purchase using a credit card.
Need to decrease your STC required surrender amount?
If an electricity retailer is expecting to acquire significantly less electricity in 2022 than the year before, for example due to loss of customers, you may apply to decrease your STC required surrender amounts for quarters 1 to 3. An application can be submitted under s38AF of the REE Act, the form is available on Vary surrender amount.
Surrender your certificates by logging into your REC Registry account and follow the steps below:
- select 'Surrender' from the left side panel
- select 'Liability surrender' from the drop-down menu
- click on the applicable 'Assessment year'
- click the 'STC surrender' icon, and
- enter the amount of certificate you need to surrender.
For more guidance visit Forms and resources for liable entities.
If you require support, please contact us.