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Victorian Energy Upgrades

Empowering Victoria with Energy Efficiency: Discover the Victorian Energy Upgrades Program

Lower Costs, Reduce Emissions, Illuminate Your Future

Victorian Energy Upgrades

  • Formerly VEET Scheme.
  • This program by the Victorian government assists individuals and businesses in reducing electricity costs and greenhouse gas emissions by providing access to affordable goods and services.
  • Governed by the Victorian Energy Efficiency Target Act of 2007, along with associated regulations, it sets a state-wide objective for energy savings.
  • Accredited companies generate Victorian Energy Efficiency Certificates (VEECs) by providing financial incentives for energy-efficient goods and services, based on associated greenhouse gas reductions.

What is VEU (VEET) Scheme?

  • The Victorian Energy Upgrades (VEU) program offers subsidized access to energy-efficient goods and services, helping Victorians lower electricity costs and greenhouse gas emissions.
  • Energy retailing companies meet annual greenhouse gas emission reduction targets by surrendering their VEECs.
  • The Essential Services Commission (ESC) oversees the program, monitoring performance reporting, compliance, accreditation, and eligible goods and services.

Benefits

  • Using energy-efficient lighting technology could save lighting expenditures by up to 85% per globe annually.
  • Advancements like LEDs and CFLs power home lighting more effectively, reducing energy bills and maintenance expenses due to extended lifespan.
  • The VEU program contributes to a more sustainable future by promoting energy efficiency across Victoria.
  • Energy-efficient upgrades not only save money but also reduce environmental impact, contributing to a greener community.

How Easy Is It?

01

The NSW Energy Savings Scheme (ESS) offers financial incentives for energy-efficient machinery and appliances installation.

02

Accredited Certificate Providers (ACPs) generate Energy Saving Certificates (ESCs) for each hypothetical Megawatt hour (MWh) of energy saved by projects.

03

Take advantage of government incentives and save money on electricity costs without any catch.

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