The Peak Demand Reduction Scheme (PDRS) works by creating a market for Peak Reduction Certificates (PRCs) by requiring Scheme Participants (mainly electricity retailers) to surrender a certain number of PRCs each year.
Accredited Certificate Providers (ACPs) create PRCs by working with businesses and households to install more efficient appliances like air conditioners and refrigerated cabinets that use less electricity during peak times.
This means ACPs can offer a discount to households and businesses on eligible activities in return for being assigned the right to the peak demand reduction generated by the activity. For more information on eligible activities, go to the Calculation methods and Activities pages.
PRCs can be registered and traded from 1 November 2022 when the certificate registry commences operation.
IPART is responsible for administering the PDRS and regulating participating businesses.
The Office of Energy and Climate Change (OECC) (previously the Department of Planning and Environment) is responsible for developing and maintaining the legislation governing the scheme.