Australian Renewables Subsidy Clock

 

Australian Renewable Subsidy Clock

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Estimated federal renewable certificate subsidy cost since 1 January 2026

Running at approximately $61.96 per second, based on an estimated annual cost of $1.954 billion.

Basis of calculation

Scheme	Calculation	Estimated annual cost
Large-scale Renewable Energy Target	33,000,000 LGCs × $30 assumed average LGC price	$990 million
Small-scale Renewable Energy Scheme	24,100,000 STCs × $40 clearing-house price	$964 million
Total		$1.954 billion/year

This clock covers only the federal Renewable Energy Target certificate schemes. It does not include state subsidies, feed-in tariffs, transmission costs, Capacity Investment Scheme underwriting, battery subsidies, grid-stability costs, curtailment costs, or other indirect transition costs.

Sources

• Clean Energy Regulator: Large-scale Renewable Energy Target and 33,000,000 MWh annual target.
• Clean Energy Regulator: 2026 Small-scale Technology Percentage and 24.1 million estimated STC creations.
• Clean Energy Regulator: STC clearing-house price of $40 excluding GST.