Commercial Lighting in Victoria
Need to know
A lighting upgrade is an opportunity for more than just the energy savings from smarter, efficient lights.
Demand Manager is accredited to provide Victorian Energy Efficiency Certificates for projects under the Victorian Energy Efficiency Target.
The Victorian Energy Efficiency Target (VEET) scheme is a Victorian Government initiative promoted as the Energy Saver Incentive. It was established under the Victorian Energy Efficiency Target Act 2007 (the Act) and commenced on 1 January 2009. It is legislated to continue in three-year phases until 1 January 2030.
The purpose of the VEET scheme is to reduce greenhouse gas emissions, encourage the efficient use of electricity and gas, and the growth of industries which reduce the use of electricity and gas by energy consumers.
The scheme operates by placing a liability on large energy retailers in Victoria to surrender a specified number of energy efficiency certificates every year. Each certificate represents a tonne of greenhouse gas abated and is known as a Victorian Energy Efficiency Certificate (VEEC).
Demand Manager is accredited to create VEECs for commercial lighting upgrades. We can also assist in tailoring other methodologies to suit your needs and with managing trading of your certificates – contact us for more information.
Demand Manager works with:
- Lighting retailers – to ensure reliable, fast cash flow;
- Business and building owners – financing for lighting upgrades; and
- Electrical contractors – to ensure they meet all the scheme requirements.
For the first three-year phase of the scheme (2009-11), the scheme target is 2.7 million VEECs per annum, increased to 5.4 million VEECs per annum during the second three-year phase, starting on 1 January 2012. With some regulatory uncertainty present beyond 2015, it is advisable to contact Demand Manager to discuss your needs.
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Resources
Demand Manager has developed a VEEC Tool which simplifies the collection of paperwork required to prove compliance with the VEEC.