​Renewable Energy
​Founded in 2010, HVB is a leading energy broker across the entire Renewable Energy Market which includes:
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  • Large Scale Renewable Energy target certificates (LGC’s)
  • Small-Scale Renewable Energy Scheme certificates (STC’s)
  • NSW, VIC and QLD Energy efficiency schemes (ESC’s VEEC’s, GEC’s)
  • Carbon Farming Initiative certificates (ACCU’s)
  • European Union Allowances (EUA’s) and Kyoto compliant Certified Emission Reduction Units (CER’s)
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.
  • ​Structured Off-take and Power Purchasing Agreements (PPAs) - HVB works closely with clients to determine which option is best for an organization to develop robust clean energy portfolios and achieve sustainability goals.  
  • Long-term LGC Deals - For businesses with large-scale systems, LGCs can be a source of ongoing revenue that speeds up return on investment.
  • Weather derivatives - Weather often has a significant impact on business, and various industries face weather-related losses.  Using various forecast models to predict how much higher or lower temperatures will go than historical norms, HVB provide the tools to help you manage weather-related risks.
 

​The Large-scale Renewable Energy Target (LRET)
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.
 

The Small-scale Renewable Energy Scheme (SRES)​
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 Large-scale Renewable Energy Target (LRET)
  • The Small-scale Renewable Energy Scheme (SRES)

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:
  • renewable electricity generated by the solar panel, small-scale wind or small-scale hydro system (unless the Solar Credits multiplier applies; or
  • electricity displaced by the installation of a solar water heater or heat pump.
More information can be obtained via: http://ret.cleanenergyregulator.gov.au/about-the-schemes
 

VIC & NSW Energy Efficiency Certificates
Energy Efficiency Schemes
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​The Energy efficiency schemes are state based energy efficiency programs designed to decrease greenhouse emissions from residential, commercial and industrial sectors of the relevant state economies.
Victorian Energy Efficiency Target (VEET)
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The Victorian State government established an energy efficiency scheme known as the VEET or the Energy Saver Incentive which commenced 1 January 2009.  It was managed by the Essential Services Commission and has been legislated to continue in 3 year phases until January, 2030.
Liable parties, namely energy retailers in Victoria are required to meet legislated annual energy savings targets and have a legal obligation to surrender their Victorian Energy Efficiency Certificates (VEEC’s) to the commission in proportion to heir customers’ energy use.  Starting 1 January 2012, 5.4 million VEEC’s per annum must be surrendered to the commission. VEEC’s can be sold or bought on the open market at a price determined by supply and demand to anyone who is a VEET account holder.

More information can be obtained via: http://www.esc.vic.gov.au/public/veet/ 

​Current VEEC prices can be accessed via our Market Prices page.
Energy Savings Certificates (ESC’s)
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The New South Wales government introduced the scheme to encourage additional take up of energy efficiency by providing added incentives for parties installing a range of approved energy efficiency products.  The target initially started at 0.4% of total electricity sales in 2009 and increase gradually to 4% in 2014.
Under the requirements of the NSW Energy Savings Scheme, electricity suppliers must meet individual annual energy savings targets each year based on their electricity market share in NSW.  If not, the supplier faces a penalty per certificate for any shortfall.

Each ESC is equivalent to one tonne of CO2 avoided as a result of the approved energy savings activity.  ESC’s can be created by retail electricity customers in the residential, commercial and / or industrial sectors via approved measures such as lighting, motors drives, refrigeration and heating and cooling.

ESC’s can be sold or bought on the open market at a price determined by supply and demand to anyone who is a ESC account holder.

More information can be obtained via: http://www.ess.nsw.gov.au/home
 

Voluntary Emission (VER’s) Reduction & Verified Carbon Units (VCU’s)
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