Victorian Energy Efficiency Target in Australia

The Victorian Energy Efficiency Target (VEET) is a Victorian Government scheme designed to provide energy efficiency improvements leading to a reduction in greenhouse gases. Promoted as the Energy Saver Initiative, the scheme allows for Prescribed Activities in either residential or business locations that make energy efficiency improvements.

Such activities include the replacement of less efficient lighting, shower heads and solar hot water units as well as the installation of weather sealing to name but a few.

Accredited Persons who undertake these Prescribed Activities are rewarded with a Victorian Energy Efficiency Certificate (VEEC), which represents one tonne of carbon dioxide equivalent abated. Energy Retailers must purchase and surrender a set number of VEECs annually to meet their legislated obligation.

For more information on the Victorian Energy Efficiency Target, visit: www.veet.vic.gov.au

Or if you would like tailored information on its impact on your business, please call our desk on +61 2 9251 4422 or +61 3 9614 2700.
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