Peak Reduction Certificates (PRCs)
The Peak Demand Reduction Scheme (PDRS) is a NSW-based energy demand reduction scheme. From 1 November 2024 the Store and Shift method will commence for Battery Energy Storage Systems (BESS).
The PDRS was established to reduce peak electricity demand and pressure on the electricity network in NSW. This is important because reducing peak demand minimises the risk of blackouts or price spikes during hot summer days when electricity usage can suddenly increase, and demand is at its highest.
The PDRS works by providing financial incentives for households and businesses to implement activities that create “peak demand reduction capacity” (i.e. activities that can reduce demand for electricity during the period between 2.30pm to 8.30pm Australian Eastern Standard Time (AEST) from 1 November to 31 March). These incentives are passed on to households and businesses by Accredited Certificate Providers (ACPs) that can create tradeable certificates, called Peak Reduction Certificates (PRCs), from the activity.
Liable electricity retailers and other Scheme Participants have a legislative obligation to buy and surrender PRCs every year to meet their obligations under the PDRS.
Trade In Green are becoming accredited under PDRS as an aggregator to facilitate the incentive for the installation of BESS by accredited BESS installers on residential and small business premises in NSW which do not currently have a BESS either have an existing PV system or are installing a PV system at the same time as installing the BESS.
Battery Requirements under the scheme:
- CEC Approved with usable capacity between 2kWh and 28kWh.
- 10 year manufacturers warranty with including a minimum of 70% usable capacity after 10 years
- Internet connectable
- 2.8 MWh of energy throughput per kWh of usable capacity for implementations prior to 1 April 2026 and 3.65 MWh of energy throughput per kWh of usable capacity for implementations after 1 April 2026
More detail to come in the near future as we approach the commencement date
