Headline – Scheme Guidelines Consultation

The ESC has undertaken a review of the VEET Guidelines to incorporate a number of amendments:

• Amendments contained in the Victorian Energy Efficiency Target Regulations 2018 which commenced on 10 December 2018
• Amendments contained in the Victorian Energy Efficiency Target (Project-Based Activities) Regulations 2017 (PBA Regulations) which commenced on 11 December 2018.
• Amendments to reflect the rebranding of the scheme from the Victorian Energy Efficiency Target scheme to the Victorian Energy Upgrades program, the use of both the VEU Registry and the commission website to support the administration of the program, and changing the name of explanatory notes to guidance documents
• Confirming the commission has the power to require Accredited Persons (APs) to provide certain training and has the power to require APs to use licensed installers.  

The draft decision and proposed changes to the VEET Guidelines are publicly available on the Essential Services Commission website.

The ESC invite stakeholders to provide submissions on the draft VEET Guidelines by 5:00 pm, Friday 29 March 2019.

Submissions should be made via email to [email protected] with the subject line: ‘VEET Guidelines Submission’.

Alternatively, submissions by mail should be addressed to:

Victorian Energy Upgrades
Essential Services Commission
Level 37
2 Lonsdale St
Melbourne VIC 3000

For more information, email [email protected] or call (03) 9032 1310.

Results

In the week ending 17^th March 2019, VEEC creation was as follows:

• 68,410 down 7% compared to the previous week’s creation of 73,612
• The average for the last 3 weeks is 76,882
• Commercial Lighting contributed 47,888 (70%) compared to 48,214 (66%) the previous week
• The VEEC spot price was $20.70 COB Friday, up $0.50 from the previous Friday.

Analysis

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