What are Small-Scale Technology Certificates?
Small-scale Technology Certificates (STCs) are a tradeable certificate in Australia’s renewable energy market. They are part of the federal government’s Renewable Energy Target (RET) scheme, which aims to promote the uptake of renewable energy sources.
1 STC = 1 MWh of calculated electricity either generated by a renewable energy source or displaced by the installed system.
The quantity of STCs is calculated based on the location of the system, the electricity generated or displaced, and the years left in the scheme until it ends in 2030.
How to Generate STCs.
STCs are generated by installing small-scale technologies that harness renewable energy. This can include solar panels, wind turbines, solar or air source heat pump water heaters, that have a generation capacity of 100 kilowatts or less. In some cases, STCs can be generated alongside state based certificates such as VEECs, ESCs and REPS.
When these technologies are implemented, an Authorised Certificate Provider (ACP), such as Ecovantage, ensures the project complies with the activity rules and generates the corresponding quantity of certificates.
What Organisations do with STCs.
Once generated through an eligible energy saving project, the STCs are sold or traded to liable entities, such as energy retailers, or surrendered to offset an organisation’s own emissions.
Sold certificates are generally used to reduce the upfront investment cost of an energy efficiency project.
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Certificate Services Department.
At Ecovantage, we consistently analyse market activity, creation metrics, policy changes, and consultation releases in conjunction with wider landscape activity.
This allows us to keep our clients at the forefront of all relevant changes, and to leverage the advantage that this presents. Please reach out if you have any project-specific questions.
The STC Market.
As Australia’s largest Accredited Certificate Provider (ACP), Ecovantage maintains strong market analytics to keep our partners and clients on top of the certificate markets.
Below is the current STC price tracking, and our latest STC market update.
Current Prices | 24 November 2023
- Current Spot Price $39.20 (-$0.05)
- Weekly Volatility in Spot 0.06%
- Percentage Change from Weekly Open to Close Price 0.13%
Market Update | 24 November 2023
The STC spot price softened by a further $0.05 this week as the Clearing House remains in a 254,000 surplus. The surplus has decreased from last week's holdings which were placed at over 1 million STCs.
Pricing and summary is accurate as of time of publishing. Ecovantage is not liable for any errors or changes in the figures provided.
Receive weekly market updates and up-to-date spot prices delivered to your inbox every Friday.
The STC Process.
Australian Certificate Attributes and Recognition
|Certificate||Classification||Representative Of||Attribute Recognised by External Programs?||Purpose|
|ACCU||Carbon Credit||1 Tonne of CO2-e||Carbon||Recognise and Measure Carbon Abatement|
|LGC||Renewable Energy Certificate||1 MWh of Renewable Generation||Renewable Energy||Recognise and Measure Renewable Generation|
|STC||White Certificate||1 Calculated MWh of Renewable Generation||None||Create a Financial Incentive for Small-Scale Renewable Generation|
|VEEC||White Certificate||1 Calculated Tonne of CO2-e||None||Create a Financial Incentive for Energy Efficiency Upgrades|
|ESC||White Certificate||1 Nominal MWh||None||Create a Financial Incentive for Energy Efficiency Upgrades|
|PRC||White Certificate||0.1kW of Peak Demand Reduced||None||Create a Financial Incentive for Peak Demand Reduction|
|REPS||White Certificate||1 Calculated GJ||None||Create a Financial Incentive for Energy Efficiency Upgrades|