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NSW ENERGY

SAVINGS SCHEME

VICTORIA ENERGY

EFFICIENCY SCHEME

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By 2030 Australia has committed to reducing its carbon emissions by 65%.

 

To this end, electricity retailers have mandatory emission reduction targets to meet. If electricity retailers cannot meet the targets naturally and through their own operational changes, one of their options is to purchase Energy Saving Certificates (ESCs) to offset their emissions.

 

ESCs are the tradable currency of the Energy Savings Scheme (ESS) which creates financial incentives for organisations to invest in energy efficiency technologies

HOW IT WORKS

The Independent Pricing And Regulatory Tribunal (IPART) administers and regulates the Energy Savings Scheme.

 

They are the government body who assess applicants to become Accredited Certificate Providers (ACP). ACPs can create ESCs based on the energy savings, provided the saving is a Recognised Energy Saving Activity (RESA). The ACP must also be compliant with the rules and regulations of the ESS.

An ESC is a representation of carbon emission reduced by the implementation of energy efficient technologies and decommission of old technology.

Each ESC represents one notional megawatt hour of energy abated.

The ACP can reduce the cost of the technology to the end user in exchange for the ESCs created in the upgrade.

The ACP will then, provided that the technology upgrade is compliant with the ESS rules and regulations, exchange the certificate to recover the cost of the upgrade.

 

Future Energy Savers work with the Green Guys Group an accredited certificate provider.

WHAT DOES THIS MEAN FOR YOUR BUSINESS

To put it simply, the ESS creates opportunities for businesses in NSW to access energy efficient technologies at an affordable price.

 

If you are an eligible business, you can receive a lighting upgrade at a greatly reduced cost in exchange for the ESCs. You receive a low cost upgrade and benefit from the energy savings for all future electricity costs.

Can I receive a Free upgrade?

At present, businesses in NSW can only receive upgrades at a reduced cost, this cost is quickly recovered through the savings in electricity.

WHAT ARE "ESC" WORTH

TO YOU?

To create value from ESCs you need to be an ACP and ensure that the upgrades are compliant with the ESS.

 

You also need to create a high volume of certificates to sell to energy retailers.

Because of this there is little to no value for individual ESCs per business, except to receive a highly subsidised upgrade, and ongoing savings from the energy efficient technology.

Reducing Australia's carbon emissions by 65%.

To achieve this target Victoria introduced the Victorian Energy Efficiency Target Scheme (VEET). The VEET Scheme is designed to make energy efficient technologies more obtainable to Victorian businesses and households.

 

Under the VEET Scheme Victorian large energy retailers have been placed with an energy liability.

One option they have to counter this liability is to surrender Victorian Energy Efficiency Certificates (VEEC’s) in a year.

The relevant entities can either create or purchase VEEC’s to counter energy liability.

FURTHER WORKS

The Essential Services Commission (ESC) administers and regulates the Victorian Energy Efficiency Target Scheme.

 

It is the government body which assess applicants to become Accredited Persons (AP).     AP’s can create VEET’s which are based on the energy savings created from upgrading to more efficient technologies provided the energy saving is a Prescribed Activity. The AP must also be compliant with the rules and regulations of the ESC.

A VEEC is a representation of one tonne of greenhouse gas abated, the reduction is created by implementing energy efficient technologies and decommissioning old technology.

 

The AP can partner with businesses to perform the technology upgrades and decommissions. The AP creates a VEEC from the energy saved from the upgrade and the VEEC is then used to help offset the cost of the upgrade to the end user.

 

The AP ensures that the technology upgrade is compliant with the ESC’s rules.  Future Energy Savers works under The Green Guys Group who in turn are partnered with Wattly as our AP, this relationship allows us to provide quality green technology solutions at affordable prices.

FURTHER MEANS

To put it simply, the VEET Scheme creates opportunities for businesses in Victoria to access energy efficient technologies at an affordable price.

 

As long as the scheme exists, the Green Guys Group in partnership with Wattly can provide business lighting solutions at an unbeatable price.

 

Providing your business is eligible you can receive a lighting upgrade at a greatly reduced cost in exchange for the VEEC’s created.

Your business receives a low (or sometimes, zero) cost upgrade with quality energy efficient products and benefits immediately from the energy savings for all future electricity costs.

WHAT ARE "VEET's" WORTH ?

To create value from VEECs you need to be an AP and ensure that the upgrades are compliant with the ESC.

 

You also need to create a high volume of certificates to sell to energy retailers.

Because of this there is little to no value for individual VEECs per business, except to receive a highly subsidised upgrade, and ongoing savings from the energy efficient technology.