GOVERNMENT SCHEMES
The NSW Energy Savings Scheme (ESS) and the Victorian Energy Efficiency Targets Scheme (VEET), are state government programs which incentivise businesses and individuals to take steps in reducing their energy consumption. The schemes are designed to reduce electricity consumption by creating financial incentives for organisations to invest in energy saving projects.
VEET SCHEME VICTORIA
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.
ESS SCHEME NEW SOUTH WALES
The ESS is a NSW-based energy efficiency scheme which commenced on 1 July 2009. It is legislated to continue until 2020 or until a national scheme with similar objectives is introduced. Its principal objective is to achieve energy savings and to reduce carbon emissions by creating a financial incentive to reduce the consumption of electricity through energy savings activities.
