The Victorian Energy Upgrades (VEU) is driving energy efficiency upgrades in Victoria by providing financial incentives to make implementation more affordable and attractive.
Also known as the Energy Saver Incentive or the VEET Scheme, it is administered in accordance with the VEU Regulations 2008 by the Essential Services Commission.
Victorian Energy Efficiency Certificates (VEECS) can be created by an Accredited Person (AP) and sold to a liable party (Energy Retailer) when a legitimate activity takes place. The scheme places an obligation on Energy Retailers to purchase certain quantities of Victorian Energy Efficiency Certificates (VEECs) every year, and through a wholesale certificate market this creates the incentive for energy efficiency activities.
|Commercial Lighting Building Based||34||Commercial building lighting upgrades||NO||YES||YES|
|Commercial Lighting Non-Building Based||34||Outdoor: Public lighting, streets, councils, carparks, sports facilities lighting.||NO||YES||YES|
|Project Based Activities||PBA||Commercial and Industrial Upgrades.||NO||YES||YES|
|Incandescent Lighting Replacement||21||General Lighting including downlights, reflectors lamps, incandescent lighting||YES||YES||YES|