Small-scale Technology Certificates (STCs): These certificates are created for small-scale renewable energy systems, including solar PV systems. The number of STCs a system is eligible for depends on its location, size, and the amount of electricity it is expected to generate over its lifetime. STCs can be sold to electricity retailers, who use them to meet their renewable energy targets. The value of STCs fluctuates depending on supply and demand.

March 23, 2024by Luke0

STCs provide a financial incentive for individuals and businesses to invest in renewable energy systems by reducing the upfront cost of installation. This helps to promote the uptake of clean energy technologies and reduce greenhouse gas emissions.

STCs are typically created at the time of installation of the renewable energy system and can be traded on the open market. The value of STCs is determined by factors such as government policy, market conditions, and the overall demand for renewable energy.

In Australia, the Small-scale Renewable Energy Scheme (SRES) governs the creation and trading of STCs. The scheme is designed to support the growth of the renewable energy industry and help Australia meet its renewable energy targets.

Overall, STCs play a crucial role in incentivizing the adoption of renewable energy technologies and driving the transition towards a more sustainable and low-carbon energy system.

Share on:

Leave a Reply

Your email address will not be published. Required fields are marked *