The scheme aims to reduce greenhouse gases by making energy efficiency improvements more affordable for consumers.
Victorian Energy Efficiency Target scheme
Under the scheme, accredited businesses can offer discounts and special offers on selected energy saving products and appliances installed in homes, businesses or other non-residential premises. The bigger the greenhouse gas reduction, the bigger the potential saving.
As part of this scheme, we:
- continuously review our systems and processes (in consultation with participants) to ensure all consumers benefit from the scheme
- provide practical advice and information to government and industry about our experience in administering the scheme.
We implement this scheme under the Victorian Energy Efficiency Target Act 2007.
The Department of Environment, Land, Water and Planning develops policy for the Victorian Energy Upgrades program. The program provides incentives for Victorian households and organisations to make energy efficiency improvements that save money on their bills and reduce Victoria's greenhouse gas emissions. We administer the program as the 'Victorian Energy Efficiency Target scheme'.
To learn more about the VEET scheme, visit www.veet.vic.gov.au
Our annual VEET performance reports detail our regulatory and administrative actions under the scheme.
In August 2018, we issued AGL Sales Pty Limited and AGL Sales (Queensland Electricity) Pty Limited with Victorian energy efficiency certificate shortfall statements that require these companies to pay $2,991,621 in penalties.