Under the SRES, individuals and businesses can create STCs when they install an eligible solar power system. The number of STCs created depends on the size of the system and the region in which it is installed. These STCs can then be traded or sold to electricity retailers, who are legally required to purchase a certain number of STCs each year.

May 9, 2024by Luke0

This system provides a financial incentive for individuals and businesses to invest in Solar power systems, as they can offset the upfront cost of installation by selling the STCs. It also helps to encourage the uptake of renewable energy and reduce greenhouse gas emissions.

The value of STCs can fluctuate depending on market conditions, so it is important for individuals and businesses to stay informed about the current price of STCs before selling them. Additionally, there are regulations in place to ensure the integrity of the STC market and prevent fraud.

Overall, the creation and trading of STCs under the SRES is an important mechanism for promoting the adoption of Solar power and other renewable energy sources in Australia. It helps to reduce carbon emissions, drive investment in clean energy technologies, and support the transition to a more sustainable energy system.

Share on:

Leave a Reply

Your email address will not be published.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