The Emissions Reduction Fund (ERF) provides a government funded incentive for organisations in a range of sectors to reduce or ‘store’ carbon emissions.

Through the implementation of energy efficiency and emissions reduction projects, Australian Carbon Credit Units (ACCUs) can be created and subsequently sold to the government through the ERF reverse auctions.

The value of ACCUs need not be tied to the continuation of reverse auctions. ACCUs can be created under one of the 33 ERF methods regardless of a sale contract with the government. ACCUs can then be sold in the secondary market to help ‘make up’ ERF contracts that not fulfilled, to high emissions facilities that have exceeded their emissions baselines as defined under the safeguard mechanism, or to a range of commercial entities looking to offset their emissions through carbon credit purchases.

We extended our VEEC and ESC creation experience by registering an ERF project in 2014, and creating our first ACCUs in 2017 under the ERF “Industrial Electricity and Fuel Efficiency Method”. Through this method, the annual creation and sale of ACCUs helps to offset the upfront cost of the upgrade and increases the ongoing savings achieved through reduced energy consumption.

Being the leading creator of Victorian Energy Efficiency Certificates (VEECs) in 2016, Wattly has developed a reputation as an efficient and reliable certificate aggregator and can handle the creation and sale of your ACCUs from start to finish.

 

CategoryName/CertificateInstallationsResidentialBusinessWattly Accredited
Emissions
Reduction Fund
(aka Direct
Action)		ERF / ACCUCommercial Lighting, Street
Lighting, Compressors, Motors,
Pumps, Fans, Conveyors,
Refrigeration, Chillers, HVAC, Gas,
Boilers, Burners, Waste and
wastewater
Biomass, Biogas, Land Use
Methane Destruction, Soil,
Livestock emissions		NOYESYES

 

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Frequently Asked Questions about Federal Emissions Reduction Fund (ERF)

The Emissions Reduction Fund, or ERF, is a scheme that provides incentives for a range of organisations and individuals to adopt new practises and technologies to reduce their greenhouse gas emissions. The ERF is aimed at, but not limited to, businesses, farmers and land managers to take the right steps in reducing emissions and improving the environment. Please jot In 2015 the Carbon Credits (Carbon Farming Initiative) Act 2011 was amended to establish the Emissions Reduction Fund (ERF). 
Through the Clean Energy Regulator, there are financial incentives available for 33 categories under the ERF. Wattly's core service is to help you choose the best method for your project, set up your project to meet the regulatory requirements, and provide ongoing creation of the eligible certificates. Once the upgrade has taken place, the emission savings are measured, audited to verify the abatement, and the certificates created. The certificates can then be traded on the spot market, or sold under a contract at a fixed price, typically on an annual basis. This provides on-going revenue from the certificates, to offset the costs of your project.
An ACCU, also referred to as an Australian Carbon Credit Unit, is a tradable certificate that represents 1 tonne of CO 2 e avoided (not emitted).
This starts when a project is approved and the upgrade is performed. Once done, the project manager or business will then provide pertinent documents to Wattly based on the compliance requirements set by the Federal Department of Environment and Energy. Wattly will then process an audit of the requirements and if the upgrade is deemed compliant, an application for certificate registration is done. The ACCUs can only be created by those who are accredited, such as Wattly. These are then traded or sold under a contract.
• The Federal Clean Energy Regulator (CER) administers the scheme • The Federal Department of Environment and Energy is responsible for policy advice and creating the methods.
The government has entered into contracts through a reverse auction process to purchase set qualities of ACCUs at set prices over the coming years. There have been five auctions over 2015-2017, with contracts for over 380 projects registered to deliver 188 million ACCUs over the next 10 years. The government pays directly for the abatement, this is known as Direct Action.

Wattly’s helps business unlock the maximum return under the ERF using our industry experience and knowledge of the ERF project registration, reporting, auditing and contract management processes.

Partnering with Wattly

Wattly partners with businesses involved in carbon abatement
projects (from energy efficiency or reduces emissions) to enable them to financial based incentives under the federal schemes.

Wattly partners with both energy efficiency installation companies, electricians, equipment
suppliers and end businesses performing upgrade.

Get in touch

For further information, or to discuss how Wattly can help you, please call us.

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