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With extensive experience working with Australian businesses since 2007, we’ll take the stress out of calculating certificate rebates, data gathering and achieving scheme compliances.
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What are Energy Savings Certificates?
Energy Savings Certificates (ESCs) are a tradable certificate issued for electricity, gas, and other energy savings that result from a technology upgrade or modification. ESCs are created under the New South Wales Government’s Energy Savings Scheme (ESS) and are available only to projects within the state. ESCs are used as a market-based mechanism to increase the implementation of energy efficiency measures, and are able to be created for projects within large industrial sites down all the way down to residential properties.
How to Generate ESCs.
ESCs are generated through energy-efficiency projects that result in measurable savings of electricity, gas, or an alternative eligible energy source. Available for industrial, commercial and residential projects, activities can include:
- modification of existing equipment
- installation of new equipment
- the removal of old, inefficient equipment including:
- Lighting
- Air conditioning
- Water heating
- Refrigeration
One certificate is equal to 1MWh of energy. Once a project is completed an Authorised Certificate Provider (ACP), such as Ecovantage, ensures the project complies with the activity rules and generates the corresponding quantity of certificates.
What Organisations do with ESCs.
Once generated, ESCs act like a share that can be traded to reduce the capital outlay of a project. However, unlike federal carbon credits or renewable energy certificates, they are classified as a ‘white’ certificate. This means that they hold no material carbon or renewable energy value resulting from surrendering them.
Organisations are therefore able to gain the financial benefit of monetising their ESCs, while concurrently claiming the carbon reduction experienced from the upgrade to achieve their climate goals.
Australia’s Most Versatile ACP.
Ecovantage specialises in creating, trading, and supplying all energy certificates, including ESCs. We assist you in balancing the financial and environmental scales for each project.
Ecovantage provides an end-to-end service, from site audits and project management, through to generation and monetisation of the created certificates.
The treatment of certificates is based on the financial and carbon goals of each organisation. The options available are presented with their relevant outcomes on both fronts, to ensure your decision is an informed one. Ecovantage generates and trades certificates as an authorised provider through the Independent Pricing and Regulatory Tribunal (IPART).
The ESC Market.
As Australia’s largest Accredited Certificate Provider (ACP), Ecovantage maintains strong market analytics to keep our partners and clients on top of the certificate markets.
Below is the current ESC weekly and 30 day spot price tracking, and our latest ESC market update.
Pricing and summary is accurate as of time of publishing. Ecovantage is not liable for any errors or changes in the figures provided.
Receive weekly market updates and up-to-date spot prices delivered to your inbox every Friday.
Certificate Services Department.
At Ecovantage, we consistently analyse market activity, creation metrics, policy changes, and consultation releases in conjunction with wider landscape activity.
This allows us to keep our clients at the forefront of all relevant changes, and to leverage the advantage that this presents. Please reach out if you have any project-specific questions.
The ESC Process.
Assessment, Viability & Quoting
Our specialist team will assist you in assessing the project to establish viability, and provide certificate outcomes based on the calculated savings.
Project Implementation
As the project is implemented, certain information is collected by the installation team necessary to creating ESCs.
ESC Creation
Application requirements are collected, assessed and processed by Ecovantage’s dedicated Compliance team
Monetisation
The ESCs generated may be credited toward the project costs to reduce the capital outlay required for the project.
Certificates Features.
Australian Certificate Attributes and Recognition
Australian Certificate Values
| Certificate | Classification | Representative Of | Attribute Recognised by External Programs? | Purpose |
| ACCU | Carbon Credit | 1 Tonne of CO2-e | Carbon | Recognise and Measure Carbon Abatement |
| LGC | Renewable Energy Certificate | 1 MWh of Renewable Generation | Renewable Energy | Recognise and Measure Renewable Generation |
| STC | White Certificate | 1 Calculated MWh of Renewable Generation | None | Create a Financial Incentive for Small-Scale Renewable Generation |
| VEEC | White Certificate | 1 Calculated Tonne of CO2-e | None | Create a Financial Incentive for Energy Efficiency Upgrades |
| ESC | White Certificate | 1 Nominal MWh | None | Create a Financial Incentive for Energy Efficiency Upgrades |
| PRC | White Certificate | 0.1kW of Peak Demand Reduced | None | Create a Financial Incentive for Peak Demand Reduction |
| REPS | White Certificate | 1 Calculated GJ | None | Create a Financial Incentive for Energy Efficiency Upgrades |
Australian Certificate Recognition
White certificates = STCs, ESCs, VEECs & REPs
| Program | ACCUs | LGCs | White Certificates |
| RE100 |  |
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| Climate Active | |
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| GreenPower | |
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| NABERS | |
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| Green Building Council of Australia | |
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| Greenhouse Gas Protocol | |
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