Today's Pricing
Certificate prices for all certificate types can fluctuate and are valid on the date the Assignment Form is received at Green Energy Trading (GET). GET seeks to offer the best prices for our clients whilst maintaining stability of pricing in a changing marketplace.
The prices listed on this page are GET's current buyback prices for uncreated certificates and are valid from 11am (AEST) Monday 14 May 2012.
Current STC price
$24.50 per STC all eligible PV, solar hot water, small wind and hydro.
Current LGC price
$35 per LGC all eligible PV, solar hot water, small wind and hydro.
Current VEEC price
$19 per VEEC for all VEECs.
Current ESC price
$25 per ESC for eligible activities in commercial lighting.
Payment turnaround times
STCs and VEECs
From Monday 19th March 2012, Green Energy Trading will be offering a five business day payment turnaround time for all complete and correct STC and VEEC assignment forms. This turnaround time will apply to all STC and VEEC claims where the installer or supplier is claiming a point of sale discount.
ESCs
From Monday 16 April, a ten business day payment turnaround time upon receipt of complying documentation is applicable for the creation of Energy Saving Certificates (ESCs) for eligible activities in commercial lighting under the NSW Energy Savings Scheme (ESS). For more details, click here.
Creating certificates
- To determine the number of certificates you are eligible for, visit our handy online Calculators page.
- Assignment Forms can be found on our Paperwork pages.
- Further detailed information is provided on various information sheets.
What determines the price of certificates?
- Large buyers and sellers of certificates (STCs or LGCs) trade through the wholesale market with minimum parcel sizes of 5,000 certificates.
- The price for a parcel of certificates is called the spot price and refers to the sale made for delivery within one week.
- Like any other commodity the price for certificates is determined largely by supply and demand. Wholesale prices can therefore fluctuate considerably. The buyback price is the price that Green Energy Trading pays for certificates. It is slightly lower than the wholesale spot price to cover working capital, processing and administration costs.
NB: Installers and dealers need to ensure their customers understand that prices are subject to change.
Payment terms and conditions
For assignment forms where Green Energy Trading is paying the system owner or other third-party payee, payment for these certificates will be made once they are approved by the Clean Energy Regulator or other relevant Regulator. This approval process typically takes around three to six weeks. This policy is in place to prevent issues arising in circumstances where certificates have been paid for but cannot be properly created for any reason.
The five business day payment turnaround time is only applicable for complete and correct forms where the installer or supplier is claiming a point of sale discount. Forms that are missing information, incomplete or non-compliant with the current regulations may incur a delay in payment.
Please note all assignment forms claiming four times (4X) multiplier or stand-alone systems claiming off-grid Solar Credits are paid on approval by the Clean Energy Regulator.
Any new form received within one month of the creation expiry period will be paid on approval by the Regulator only.
Green Energy Trading makes every effort to ensure that payment terms are maintained or improved, however we reserve the right to modify our terms if required.