Victorian Energy Efficiency Certificate (VEECs)

Funding type: Certificate Scheme
Funding Amount: Private Market Trading
Controlling Body: Essential Services Commision (ESC)
Location: Victoria
Availability: Early 2012
More info: https://www.veet.vic.gov.au

The VEET scheme is a Victorian Government initiative promoted as the Energy Saver Incentive. It commenced on 1 January 2009 and is administered by the Essential Services Commission (ESC).  The scheme was established under the Victorian Energy Efficiency Target Act 2007 and is administered in accordance with the Victorian Energy Efficiency Target Regulations 2008.

The VEET scheme is designed to make energy efficiency improvements more affordable, contribute to the reduction of greenhouse gases, and encourage investment, employment and innovation in industries that supply energy efficiency goods and services.

Under the scheme, accredited businesses can offer discounts and special offers on selected energy saving products and appliances installed at homes, businesses or other non-residential premises. The bigger the greenhouse gas reduction, the bigger the potential saving.