Transferring ESCs

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Trading of ESCs

The Registry is not a trading platform.

Trading of energy savings certificates (ESCs) occurs outside of the Registry. When such a trade occurs, the change in ownership of those certificates must be recorded in the ESS Registry.   

How a transfer works

Current and past ownership of ESCs is recorded in the ESS Registry.  All changes of ownership must be recorded in the Registry by transferring certificates to the new owner.

For all transfers, the seller initiates the transfer by offering the certificates to a buyer.

The buyer decides to accept or reject the offer of transfer.

A transfer can be cancelled by either party prior to completion of the transfer.

A transfer must be completed by both the seller and buyer within 60 calendar days. The offer of transfer will be automatically cancelled after 60 days if not accepted.

There is no Registry fee or stamp duty charged for transferring certificates. 

How to transfer certificates

To initiate the transfer of certificates

  • Login to your Registry account
  • Select Transfer certificates
  • Search for a buyer by entering part of the buyer’s name or owner ID and select Go
  • From the Search results click on the Select link for the buyer
  • Enter the Number of certificates you wish to transfer
  • Both the Seller and the Buyer are required to consent to the transfer, the buyer has the option to consent to this transfer now or wait until the buyer has accepted the offer. To consent to the transfer now tick the checkbox - Do you give consent to this transfer?
  • Select confirm to initiate the transfer

To accept an offer to transfer certificates

  • Login to your Registry account
  • Select View Pending Buys
  • Select See Details for the relevant transfer
  • Accept or Reject the offer of transfer
  • If a Seller Hold applies, contact the Seller and ask them to consent to the transfer.

To consent to the transfer

  • If you are the Seller and you did not tick the checkbox - Do you give consent to this transfer? when offering the certificates for transfer you will need to consent to the transfer to complete the transfer.
  • Select View Pending Sells
  • Select See Details for the relevant transfer
  • Accept or Reject the offer of transfer

Buyer and seller holds

Buyer and Seller holds apply to certificates during the transfer process:

  • Buyer holds apply when the buyer has not yet accepted or rejected the offer of transfer
  • Seller holds apply when the seller has not yet consented to the transfer.

To remove the Buyer or Seller hold, contact the counterparty in the transfer and ask them to accept or consent to the offer of transfer.

For further information see the User Guide - Registry.