Frequently Asked Questions about Commercial Solar Large-Scale Generated Certificate's (LGCs)
Learn everything about Commercial Solar LGCs
What is an LGC?
One LGC is equal to one megawatt hour (MWh) of net electricity generated by a renewable energy generation system.
How are LGCs different to STCs?
While similar in many respects, there are a two key differences between the two certificate types:
LGCs are created based on data readings of the actual renewable power generated by the power station and can be created on a yearly, quarterly or monthly basis throughout the lifetime of the station until the RET ends in 2030.
STCs are created based on the expected renewable energy generation of a small generation unit until the RET ends in 2030.
What is required to get a power-station accredited to create LGCs?
Once the power station owner has nominated Green Energy Trading as the registered person responsible to create the LGCs, we will apply to the Clean Energy Regulator (CER) to accredit the system as a power station under the Renewable Energy Target (RET). Data required to complete this registration includes:
Basic station profile
Details of the metering system, electricity transmission and use
Certificate calculation methodology (taking into account energy losses, auxiliary use, etc.)
Details of project approvals
Generation projections
When Does the Large Scale Renewable Energy Target End?
The Large-scale Renewable Energy Target is currently legislated to end on 31 December 2030.
What generation is eligible to claim LGCs?
All electricity generated from the date your system receives accreditation approval by the Clean Energy Regulator and meets electricity demand - either used onsite, fed into a storage device or exported to the electricity grid - is eligible to claim LGCs.
WIll Installing a zero export device Impact on LGC creation?
Any electricity generated by the system and dumped by a zero export device is not eligible to create LGCs and will reduce the LGC payouts
What are the benefits of opting for a Fixed Price option?
Avoid the risk of following the LGC trading market down and lock-in a fixed price Off-take Agreement today. The fixed price provides you certainty on your LGC returns.
What are the benefits of opting for a Variable Price option
The variable price provides the flexibility to follow the market spot price. since the LGC target has been met the price should continually drop between now and 2030.
What is an Offtake Agreement?
The LGC offtake agreement is a contract between the Power Station Owner (the supplier) and Green Energy Trading (the buyer) to agree the pricing terms under which we will create and purchase future LGCs from eligible electricity generated by the Power Station under the accreditation entitlements.
I have completed the application but the system owner has not yet signed the LGC OFFTAKE Agreement, can you still submit the application?
The Offtake Agreement is part of the Power Station application and we must be nominated by the Power Station owner to act on their behalf before we can submit the Power Station application to the Clean Energy Regulator for accreditation.
We have not done a power station before, what metering do we need to install?
If the Power Station generates under 750Mwh per annum, you simply need a monitoring device set up. Many of our power station owners have opted for a Solar Analytics smart monitor and we love how easy it is for us to integrate with the set up too.
If the Power Station generates over 750MWh, you need to install a NEM standard meter.
We have assisted solar companies win hundreds of commercial PV jobs with our easy to deal with accreditation and payback service.
WHAT ACTIVITIES MAY BE ELIGIBLE TO CLAIM lgcS?
COMMERCIAL SOLAR - POWER STATIONS