Headline – ESC request for submissions for Activity 21A Abulb upgrades.

• The ESC have asked for submissions on a consultation paper to extend the transition period to allow non omni-directional lamps to be installed until 31 July 2019 under activity 21A of the Victorian Energy Upgrades program.
• Submissions are due at 5.00pm Wednesday 24 April 2019, to be sent to [email protected].

Results

In the week ending 14^th April 2019, VEEC creation was as follows:

• 91,703 up 20% compared to the previous week’s creation of 76,223.
• This is the highest weekly creation this year and continues an upward trend since the start of 2019.
• The average for the last 3 weeks is now 81,900
• This increase is due to increased creation activities in both 21A and Commercial lighting.
• Commercial Lighting contributed 51,853 (57%) compared to 38,726 (50%) the previous week
• Updated 21A had another record week with 28,369 VEECs (31%) created compared to 23,467 VEECs (30.5%)the week before.
• This continues the trend of increasing 21A creation to four consecutive weeks.

The VEEC spot price was $20.50 COB Friday, unchanged from the previous Friday.

Analysis

The graph below shows the overall trend of total VEECs created each week.

The graph below shows creation against targets.  The right hand axis is for the cumulative creation and cumulative target, and the left hand axis the weekly creation.  Please note, this is creation – not all VEECs created are registered.

To give you a visual breakdown of Activities for the week, please see below.