Certificate prices for all certificate types can fluctuate and are valid on the date the Assignment Form is received at Green Energy Trading. Green Energy Trading 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 Green Energy Trading's current buyback prices for uncreated certificates and are valid from 11:00AM AEST Monday 13 May 2013.
Current STC price
$34.50 per STC for all eligible PV, solar hot water, small wind and hydro.
Current LGC price
$31.00 per LGC for eligible large-scale generation power stations.
Current VEEC price
$14.00 per VEEC for all VEECs.
Current ESC price
$18.00 per ESC for eligible activities in commercial lighting.
Payment turnaround times
Green Energy Trading is offering a 15 business day payment turnaround time for ESCs, following receipt of clean and correct paperwork. New clients may experience a delay with their payments to allow time for their training and the preparation of complete and correct paperwork. You can view the terms and conditions regarding our payment times here.
Commercial lighting VEECs
Green Energy Trading is offering a ten business day payment turnaround time for commercial lighting VEECs, following receipt of clean and correct paperwork. For any commercial lighting enquiries please contact us at firstname.lastname@example.org or 03 9805 0700.
STCs and VEECs
For other VEEC and STC claims, Green Energy Trading is offering a five business day payment turnaround time for all complete and correct assignment forms. This turnaround time applies when the installer or supplier provides a point of sale discount to the system owner. Please note all assignment forms claiming four times (4x) transitional multiplier, two times (2x) transitional multiplier, or stand-alone systems claiming off-grid solar credits are paid on approval by the Clean Energy Regulator.
- 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.
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) transitional multiplier, two times (2x) transitional multiplier, or stand-alone systems claiming off-grid solar credits are paid on approval by the Clean Energy Regulator.
STCs can only be created within 12 months of the system installation date and certificates can only be claimed AFTER the system has been installed. Green Energy Trading requires that all forms are received, complete and correct at least one month prior to this expiry date. This is because it takes time to submit the certificates to the Clean Energy Regulator and ensure they are approved before the 12 month expiry.
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.