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Government Energy Programs

Energy Efficiency Rebate Schemes Explained

Take advantage of the business opportunities available to transform your energy efficiency; no matter what state or territory you are in.

The Victorian Energy Upgrades (VEU) Program helps Victorians cut power bills and reduce emissions through discounted energy-efficient products and services. Victorian Energy Efficiency Certificates (VEECs) are generated by accredited providers. Greenhouse gas savings correlate directly with the number of certificates issues per product or service and energy retailers are legally required to meet these reductio targets.

You can view full details via their website: https://www.esc.vic.gov.au/victorian-energy-upgrades-program

There is also the Victoria Energy Compare (VEC). Visit the official website page at: https://compare.energy.vic.gov.au
Energy Savings Scheme (ESS) is the name of the NSW scheme and also provides financial incentives to install energy efficient equipment and appliances.Since its inception, in 2009 the ESS has supported projects delivering over 27,000 gigawatt hours of energy savings; estimated to be worth around $5.6 billion in savings over the next decade or more. Ozwide Energy are an Accredited Certificate Provider (ACP) under the scheme Energy Savings Scheme (ESS) to offer subsidies on LED upgrades installed on commercial & residential premises in NSW.

Visit the official program page at: http://www.ess.nsw.gov.au
The South Australian program is called the Retailer Energy Efficiency Scheme (REES).

Visit the official program page HERE.
The Australian Capital Territory program is called the Energy Efficiency Improvement Scheme (EEIS).

Visit the official program page HERE.

Frequently Asked Questions

How are the discounts/rebates calculated?

Within each scheme there are a series of complex calculations including annual hours of operation, geographic location and the cost of equipment. These determine how rebates and discounts are applied; the greater the improvement in energy efficiency, the higher a discount is likely to be.

How do certificates work?

Each certificate represents the abatement of one tonne of Co2 from the atmosphere. There is no set price for these certificates as they are subject to normal supply and demand pressures. For example:  updating of a single halogen lamp with an LED retro fit can abate close to a tonne of Co2 from the atmosphere over a ten-year period.

How is the estimated $350m national customer rebate pool calculated?

The estimated $1billion pool was provided by the Energy Efficiency Certificate Creators Association, a body representing the accredited persons. This was based upon 35million certificates created.

What is the size of Australia’s commercial lighting industry?

Equipment Energy Efficiency reports that the commercial and residential markets are estimated at $3.2b. Anacacia Capital quoted that ‘the lighting market in Australia is about $1.4b and LED lighting as an energy saving proposition is opening up a new retro market that is tipped to drive an extra $15b of revenue over the next 7 years.’

What is the process to become an Accredited Person (AP) in these programs?

There are different accreditation requirements for each state, which you may find in the respective links above. A common factor in all states is the extensive and ongoing compliance regimes to ensure that all participants within the scheme are operating safely and ethically. An AP must undergo a rigorous application process which checks for compliance in areas including safety, product quality, business practices and industry experience.

Residential versus Commercial

Benefits and financial incentives

How much can a household save on energy bills by participating in VEU?

The average household currently saves
$110 per year
by participating in VEU. These savings are expected to increase to between $120 and $1,100 a year under new emission reduction targets for the program for 2022-25.

How much can a business save on energy bills by participating in VEU?

The average business currently saves
$3,700 per year
participating in VEU. These savings are estimated to increase under new emission reduction targets for the program for 2022-25 ­– businesses will save between $500 and $74,000 a year depending on the size of the business.