REC (Renewable Energy Credits) NGAC (NSW Greenhouse Gas Abatement Credit) GEC (Qld Gas Emission Certificates) VEECS (Vic Energy Efficiency Certificates)(new, see below)
don't worry about VER's, AEU's etc
etc
OK, yr not confused yet.
Good.
So you decide to get a quote on a Gas Boosted Solar Hot water service (GBSHWS), from the XX Company that replaced all of yr normal light globes with CFG's. (Not (repeat not) an Energy Company).
Person turns up, gives you a quote on a carbonless printed form, looks all very nice.
Form contains lines for Vic Govt Rebate ($1100, not one of the above), Commonwealth Govt Rebate ($1600, not one of the above, and only applies if GBSHWS replaces an electric HWS) and RECS.
Person crosses out REC's, inserts VEECS, writes $105 credit.
So, given that you know what yr doing (and have registration for trading REC's and NGAC's) you wonder where the REC credit is.
Ring XX Company to find out what make & model the GBHWS will be (so that you can look up - on the ORER website - what line on 23 pages of PDF will tell you how many REC's will be earned for my Zone (4)).
No call back response - yet - 4 days later.
REC's should be worth $700-$1000 on a unit with a gross price of $4500, less $Vic 1100 less VEECS $105 equals $3300. The XX Company earns a marketing margin, the insaller an install margin, the credit buyer a margin on the REC's and VEECS the unit earns and which are signed over to the XX Company as part of the transaction.
So conclusion fellow HCoppers,
Have
a: the REC's been left off inadvertantly or
b: is the Company arbitraging its knowledge to add $700-1000 to their 'middle man' margin?
