Australian Power, Renewables and Carbon

AEM brokers ASX electricity futures and options across the NEM - base, peak and cap contracts over NSW, Victoria, Queensland and South Australia, from quarters to multi-year calendar strips. We work with generators, retailers and large energy users to structure hedges, with power and environmental exposure managed together.

One LGC represents a megawatt-hour of accredited renewable generation under the federal Renewable Energy Target. As Australia’s renewable build-out accelerates - nearly 60 million LGCs were created in 2025 - we broker spot and forward LGCs out to CAL30, connecting generators and aggregators with retailers, corporates and traders managing compliance and voluntary positions.

STCs are created upfront when households and businesses install rooftop solar, heat pumps and other small-scale systems - over 34 million certificates in 2024 on record installation volumes. We broker STCs between registered agents, installers and the liable retailers who surrender them quarterly, providing liquidity beyond the regulated $40 clearing house.

Each VEEC represents one tonne of CO2-e abated through energy-saving upgrades in Victorian homes and businesses under the Victorian Energy Upgrades program - more than 200,000 upgrades generated 6.9 million certificates in 2025. We broker spot and forward VEECs between accredited providers and the Victorian retailers who surrender them each April.

ESCs are created under the NSW Energy Savings Scheme when accredited providers deliver verified energy savings across commercial, industrial and residential sites - each certificate representing a notional megawatt-hour saved. With the scheme legislated through to 2050, we broker ESCs between providers and the liable NSW retailers who surrender them annually, across spot and forward vintages.

PRCs reward reductions in NSW electricity demand during the critical evening peak - from batteries, demand response and efficient equipment. In a young scheme where targets and eligible activities continue to evolve, we keep clients ahead of the changes, broking spot PRCs and forward battery strips out to 2032.

ACCUs are Australia’s core carbon instrument - one tonne of CO2-e abated by registered projects, from vegetation and savanna burning to industrial efficiency. Demand is anchored by the 215 facilities covered by the Safeguard Mechanism, whose baselines tighten each year, alongside corporate net-zero buyers in the voluntary market. We broker spot, forwards and options across generic and method-specific ACCUs.

SMCs are issued to Safeguard facilities that beat their emissions baselines - 8.3 million credits went to 62 facilities in the scheme’s first compliance year - and can be sold to facilities that exceed theirs. As the compliance market matures, we broker SMCs alongside ACCUs, giving covered entities a complete view of their abatement options.

Australia’s Guarantee of Origin scheme went live in late 2025. REGO certificates track renewable electricity - including storage - and will succeed LGCs when the RET closes in 2030, while Product GOs certify the emissions intensity of hydrogen, with renewable gas and other products to follow. We help clients position early in these emerging markets.