Founded in 2010, HVB is a leading energy broker across the entire Renewable Energy Market which includes:
HVB provides a full and comprehensive service across all sectors of the energy market. Our extensive customer base includes many of the country’s energy producers and retailers, as well as financial intermediaries in the form of investment banks and private equity and hedge funds both locally and from overseas.
HVB’s growth includes expanding further into future market opportunities, namely International Carbon, Coal and Water.
Being a full service broker, HVB operates its network from offices located in Sydney, Melbourne and Brisbane ensuring full coverage across the region with expert staff who have extensive local knowledge and energy markets experience. For over 20 years, we have worked passionately to bring the best services to clients. Our single discipline is putting client needs at the centre of everything we do.
Whatever your objective, whether to get the lowest possible rate in the short term or secure rates well into the future, HVB can assist.
The Large-scale Renewable Energy Target creates a financial incentive for the establishment and growth of renewable energy power stations, such as wind and solar farms, or hydro-electric power stations. It does this by legislating demand for Large-scale Generation Certificates (LGCs). One LGC is equivalent to 1 MWh (megawatt hour) of eligible renewable electricity generated above the power station’s baseline.
These LGCs are created based on the amount of eligible renewable electricity produced by the power stations. LGCs can be sold or traded to liable entities, in addition to the power station’s sale of electricity to the grid. RET Liable entities have a legal obligation to buy LGCs and surrender them to the Clean Energy Regulator on an annual basis.
In 2009, legislation was passed to give effect to the Commonwealth Government’s policy commitment that the equivalent of at least 20 per cent of Australia’s electricity supply will come from renewable sources by 2020.
More information can be obtained via: http://ret.cleanenergyregulator.gov.au/about-the-schemes
Current LGC prices can be accessed via our Market Prices page.
Small-Scale technology certificates (STCs) includes small scale renewable energy technology installations such as eligible solar hot water heaters, heat pumps, and or small generation units less than 100kWs including photovoltaic PV panels, hydro and wind systems. STCs are created in the online REC Registry.
In late 2010, the STC market began via the Renewable Energy Target (RET) being split into two categories:
The Small-Scale Renewable Energy Scheme (SRES) was left uncapped, but notionally allocated at least 4,000 GWh. The SRES does not have a clear target in advance, instead the regulator sets the estimation of the following years Small Scale Technology Percentage (STP) based on what it believes will be the likely STC creation. For 2012, the STP was established at 23.96% which will equal approximately 45 million STC’s.
One STC is equivalent to 1 MWh (megawatt hour) of:
More information can be obtained via: http://ret.cleanenergyregulator.gov.au/about-the-schemes
Voluntary Emission Reduction (VER’s) and Verified Carbon Units (VCU’s) represent the reduction or abatement of the equivalent of 1 tonne of CO2 under a number of carbon offset initiatives.
Abatement is achieved by reducing or avoiding emissions, for example through capture and destruction of methane emissions from landfill or livestock manure or by removing carbon from the atmosphere and storing it in soil or trees, for example, by growing a forest or reducing tillage on a farm in a way that increases soil carbon.
The Australian Government introduced the National Carbon Offset Standard (NCOS) on 1 July 2010. The NCOS provides national consistency and consumer confidence in the voluntary carbon market.
More information can be obtained via: http://www.climatechange.gov.au/climate-change/carbon-neutral/national-carbon-offset-standard-ncos
