IPART administers the creation of Peak Demand Reduction Certificates (PRCs) and regulates Scheme Participants (typically energy retailers) in the Peak Demand Reduction Scheme (PDRS) to ensure scheme objectives are met.
Our role includes licensing businesses and individuals to become Accredited Certificate Providers (ACPs). Only ACPs can create PRCs from peak demand reductions gained from scheme activities. We also monitor ACPs’ compliance with the requirements of the scheme and take action where required.
The PDRS and its objectives are based on policy settings and legislation developed and maintained by the Department of Climate Change, Energy, the Environment and Water (DCCEEW). For more information their role in the scheme, refer to the DCCEEW’s role page.
For further information regarding IPART’s formal appointment as the Scheme Administrator and Scheme Regulator of the PDRS, see the Scheme Administrator Order of Appointment, Scheme Regulator Order of Appointment and Terms of Appointment.
IPART’s responsibility is to:
- administer the PDRS efficiently and effectively by applying the Act, Regulation and Rules (see Legislation for the PDRS )
- engage with stakeholders and help them understand how to comply with their obligations
- contribute to the development of the PDRS
- set and report against Key Performance Indicators (KPIs)
- report on the performance of the PDRS to the Minister each year (see Annual reports to the Minister).
As the Scheme Administrator we:
- assess applications to be an Accredited Certificate Provider (ACP)
- help ACPs understand how to comply with their obligations and monitor their compliance
- assess applications to be an auditor
- manage a registry to record the creation of certificates
- report to the Minister on ACP compliance annually (see Annual reports to the Minister).
As the Scheme Regulator, we:
- help Scheme Participants understand their obligations
- assess Scheme Participant liabilities and how they are met
- help Scheme Participants determine their liabilities by:
- determining forecast peak demand
- calculating and publishing scheme certificate target and scheme liable demand and
- nominating the 4 days with the highest demand during the compliance period
- report annually to the Minister on the performance of the PDRS and its participants (see Annual reports to the Minister).