Policy

Rooftop solar certificate trading platform back in business after Federal Court intervention

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Greenbot, an online trading platform for certificates generated through the federal government’s rooftop solar rebate, is back in business after successfully challenging its suspension from the Small-scale Renewable Energy Scheme.

The Clean Energy Regulator said this week that the Federal Court had issued a temporary stay on its mid-June decision to “permanently suspend” Greenbot from participating in the SRES.

The CER, which has been cracking down on industry non-compliance with the rules of participation and installation under the SRES, moved to suspend Greenbot last month after alleging that a failure of its platform had resulted in the improper creation of small-scale technology certificates (STCs).

“The decision follows an investigation into the conduct of Greenbot and its platform, including an online trading portal and mobile phone application,” a CER notice said.

Greenbot disputed the decision, however, telling customers in an email that it hoped to overturn the suspension.

“We disagree with the regulator’s decisions and are confident in the urgent legal action we are taking to resolve the matter,” it said.

“With over eight years of industry leadership and a proven track record of facilitating over 500,000 installations and the creation of over 55 million STCs, we’re committed to maintaining our high standards and supporting your needs.

“Agents have a legislative responsibility to ensure certificates meet the requirements before they are created.”

In an update on Wednesday, the CER said the Federal Court’s order means Greenbot will be allowed to create certificates in the Small-scale Renewable Energy Scheme, and to participate in the SPV Initiative.

The stay of suspension will remain in place “while the Court is reviewing the matter,” the regulator says.

“We will keep you updated as further information becomes available.”

This post was published on July 5, 2024 3:48 pm

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