displaces over a set time period. Renewable Energy LGCs are created Behind-the-meter energy Target (RET) based on the amount of usage originating from renewable eligible renewable large-scale onsite energy target (LRET) electricity produced by systems that a power generator. have been issued LGCs They can be sold or can be treated as Generation traded to the voluntary energy only if the Certificates (LGCs) market, for example equivalent amount of LGCs GreenPower, or to are voluntarily retired by the Renewable Energy responsible entity (or Target liable entities to energy user). assist them in meeting Behind-the-meter energy their obligations. usage that is not matched by an equivalent amount of voluntarily retired LGCs must be accounted for in the same way as energy, and offset accordingly. LGCs do not have to be retired for energy generated by the system that is exported into the grid, as the exported energy is not being accounted as zero- emissions energy as part of the responsible entity's carbon account. Renewable Energy GreenPower is a The purchase of Target voluntary GreenPower is considered program to be equivalent to the GreenPower that enables electricity direct use of renewable providers to purchase energy. GreenPower uses renewable energy on the same mechanism of behalf of households or voluntary retirement of businesses using the LGCs described above. same mechanism of voluntary LGC retirement, as described above.
displaces over a set time period. Renewable Energy Target (RET) renewable energy target (LRET) Generation Certificates (LGCs) LGCs are created based on the amount of eligible renewable electricity produced by a power generator. They can be sold or traded to the voluntary market, for example GreenPower, or to Renewable Energy Target liable entities to assist them in meeting their obligations. Behind-the-meter energy usage originating from large-scale onsite systems that have been issued LGCs can be treated as energy only if the equivalent amount of LGCs are voluntarily retired by the responsible entity (or energy user). Behind-the-meter energy usage that is not matched by an equivalent amount of voluntarily retired LGCs must be accounted for in the same way as energy, and offset accordingly. LGCs do not have to be retired for energy generated by the system that is exported into the grid, as the exported energy is not being accounted as zero- emissions energy as part of the responsible entity's carbon account. Renewable Energy Target GreenPower GreenPower is a voluntary program that enables electricity providers to purchase renewable energy on behalf of households or businesses using the same mechanism of voluntary LGC retirement, as described above. The purchase of GreenPower is considered to be equivalent to the direct use of renewable energy. GreenPower uses the same mechanism of voluntary retirement of LGCs described above.
ncos-organisations.docx