A Peak Reduction Certificate (PRC) is a tradeable certificate. It represents 0.1 kilowatts of peak demand reduction capacity averaged over one hour during the peak summer period, which occurs between:
- 1 November and 31 March
- 2:30 pm and 8:30 pm Australian Eastern Standard Time, which is equivalent to 3.30 pm to 9.30 pm Australian Eastern Daylight Time.
Accredited Certificate Providers (ACPs) create certificates from activities that provide capacity to reduce electricity use during these peak demand periods.
Capacity Holder and nomination
Under the scheme rules, only the person classified as the Capacity Holder can create PRCs from an activity which reduces peak demand for electricity.
Householders and businesses that undertake the activity are the original Capacity Holder. However, they can make an ACP the Capacity Holder in their place, by completing a nomination form.
To be eligible to create a PRC, the ACP must be the Capacity Holder on or before the date the activity is implemented.
More information on nomination is provided on our Nomination page.
The creation of certificates has no effect until the certificate is registered with us.
PRCs have a vintage, status and expiry date. See our PRC vintage and forward creation, PRC status and PRC expiry pages for more details.
Once registered, PRCs can be sold to Scheme Participants (mainly energy retailers) to meet their obligations under the PDRS or to other parties. The Buying and selling PRCs page provides more information.