LED Lighting Rebates & Incentives
The Aqualuma premium range of commercial highbay Products all carry VEET and ESS Approvals, offering businesses a further reduction in their payback period and increase on ROI with retrofit projects. See below for further informing regarding VEET and ESS schemes.
VIC – VEET Scheme
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 to encourage investment, employment and technology development in industries that supply goods and services 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. Energy retailers with a liability under the scheme are known as Relevant Entities. Relevant Entities are able to create certificates directly, or purchase certificates in a competitive market, or both.
Each certificate represents a tonne of greenhouse gas abated and is known as a Victorian energy efficiency certificate (VEEC). 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.
The Act and the Victorian Energy Efficiency Regulations 2008 (the Regulations) allow for accredited entities, known as Accredited Persons, to create VEECs when they help energy consumers make selected energy efficiency improvements to their homes, business premises or other non-residential premises. These improvements are specified in the Regulations and are known as Prescribed Activities. Revenue generated through the sale of VEECs enables Accredited Persons to offer energy consumers special benefits that may reduce the cost of undertaking these energy efficiency improvements.
The Act and the Regulations are maintained by the Department of Environment, Land, Water and Planning, while the Essential Services Commission (ESC) is responsible for administering the scheme, which includes such functions as accrediting persons to create certificates, auditing those persons, and managing the certificate register. The ESC has also produced the Victorian Energy Efficiency Target Guidelines.
For more details on the Victorian Energy Efficiency Scheme visit www.veet.vic.gov.au
NSW – ESS – IPART
The Energy Savings Scheme (ESS) began 1st July 2009 and is part of the NSW Government’s plan to cut greenhouse gas emissions 60% by 2050. It is legislated to continue until 2020 or until a national scheme is introduced. The scheme is administered and regulated by IPART (Independent Pricing and Regulatory Tribunal).The objective of the NSW ESS scheme is to reward companies that undertake projects that either reduce electricity consumption or improve the efficiency of energy use.
Under the scheme, Energy Savings Certificates (“ESC”s) are created when a company can legitimately prove they have reduced or improved their energy use. The ESC’s can be sold to electricity retailers (known as “Scheme Participants”) who have an annual target number of certificates they must create themselves or acquire from others.
It is important that as the original Energy Saver, the upgrade that you commission, not only satisfies the requirement to save or make more efficient use of energy, but also provides the same or improves on the levels of production you require. In other words, it is important that to not only consider product price and installation, but also other factors such as in the case of a Commercial Lighting upgrade ; colour temperature, illumination (lux) levels , colour rendering index, reflectance, etc.
Energy Savings Certificates (ESC’s) are created, traded and surrendered through an online Registry known as the GGAS & ESS Registry, see www.ggas-registry.nsw.gov.au
The Registry is a transparent web-based database which manages records of certificate providers and certificates. All participants and members of the public may access the Registry. A fee is imposed on the registration of each certificate at the time of creation, payable prior to the certificate being released for transfer or surrender.
Like a share registry, the GGAS & ESS Registry is not a trading platform. Trading occurs outside the Registry. Once a trade is made the change in ownership of those certificates is recorded on the Registry.
For more details on the NSW Energy Savings Scheme you could visit www.ess.nsw.gov.au