Glossary

ACP

Accredited Certificate Provider

AP

Accredited Person

ASHP

Air-sourced heat pump

DSDBI

Department of Sustainable Development and Business Innovation (formerly Department of Primary Industries (DPI))

ELT

Emerging Lighting Technology

ESI

Energy Saver Incentive

ESC

Energy Saving Certificate

ESS

Energy Saving Scheme

ESC

Essential Services Commission

GHG

Greenhouse gas

IPART

Independent Pricing and Regulatory Tribunal

kW

kilowatt

kWh

kilowatt hour

LGC

Large-scale generation certificate

LRET

Large-scale Renewable Energy Target

Liability

The obligation a Relevant Entity has to surrender a prescribed number of VEECs to the ESC each year. The number of VEECs is determined by multiplying their residential electricity and gas acquisition from the previous year, by the GHG reduction rate for each commodity.

Liable Parties

"Liable parties, or mandatory scheme participants, comprise all holders of New South Wales electricity retail licenses, New South Wales electricity generators that supply directly to retail customers in New South Wales, and  market customers in New South Wales who purchase their electricity directly from the National Electricity Market. Also known as Liable Entities, or Scheme Participants in the Regulation"

MW

Megawatt

MWh

Megawatt hour

MWp

Megawatt peak

NSP

Network Service Provider

PV

Photovoltaic (solar)

Prescribed Activity

An activity that creates VEECs and causes a reduction in GHG emissions that would not have otherwise occurred, had the activity not been undertaken. These activities have detailed specifications that must be followed - such as the decommissioning of old products - in order for a certificate to be properly created.

RE

Relevant Entity

REC

Renewable Energy Certificate

RET

Renewable Energy Target

Residential premises

A building classified under Part A3 of the Building Code of Australia as a Class 1, 2, 3, or 4 Building.

SGU

Small Generation Unit

SRES

Small-scale Renewable Energy Scheme

STC

Small-scale technology certificate

SWH

Solar Water Heater

VEEC

Victorian energy efficiency certificate

VRU

Voltage reduction unit

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