The Victorian Energy Upgrades (VEU) program is helping Victorians cut power bills and reduce greenhouse gas emissions by giving households and businesses access to discounted energy-efficient products and services.
The VIC gov led replacement scheme works by setting a state-wide target for energy savings that results in a range of energy-efficient products and services being made available to homes and businesses at a discount.
Providers of these energy-efficient products and services have to be accredited under the VEU program. Accredited person like EcoCare Carbon Solutions that delivers these financial incentives can generate Victorian Energy Efficiency Certificates (VEECs). The number of certificates generated is based on the greenhouse gas savings that are associated with the product or service. Accredited persons can then sell these certificates to energy retailers or trade them on the market.
The Victorian Energy Upgrades program (previously known as the 'VEET scheme') is established under the Victorian Energy Efficiency Target Act 2007, the Victorian Energy Efficiency Target Regulations 2008 and the Victorian Energy Efficiency Target (Project-Based Activities) Regulations 2017.
This legislative framework places a legal requirement on each energy efficient lighting company to meet an annual greenhouse gas emission reduction target by surrendering Victorian Energy Efficiency Certificates (VEECs).
The VEU program is administered by the Essential Services Commission (ESC), which is the independent regulator of the retail energy industry in Victoria. Essential Services Commission oversees compliance and performance reporting by energy businesses, and to accredit businesses and the products and services which are eligible under the program.
The Victorian Energy Upgrade Program is creating financial incentives for investment in energy efficiency projects, so it's a Victorian government energy saver incentive scheme. The residential and commercial electricity consumption in Victoria can be reduced.
With the help from The Victorian Energy Upgrade Program, the electricity consumption is dramatically reduced By installing, improving or replacing energy efficient equipment.
The Department of Environment, Land, Water and Planning (DELWP) is responsible for the Victorian Energy Upgrade Program policy framework development.
The VIC legislation is governing the Victorian energy saver incentive scheme, scheme participants are holding a mandatory obligation.
How Does the VEU Program Work?
The principal objective of the VEU program is to create a financial incentive for businesses as well as households to reduce their carbon emissions by reducing consumption of electricity and gas by encouraging the uptake of energy efficient technology.
EcoCare Carbon Solutions (EcoCare) is an Accredited Participant (AP) under the VEU program. We provide power saver products to Households and Businesses usually at no cost. The products we install reduce energy usage and greenhouse gas emissions, creating Victorian Energy Efficiency Certificates (VEECs). When the customers assign these VEECs to EcoCare Carbon Solutions, we can trade them through the VIC Gov LED replacement scheme, which covers the cost of the product and installation.
The government led replacement program VIC operates by placing a liability on large energy retailers in Victoria to surrender a specified number of energy efficiency certificates every year. Each certificate represents a tonne of greenhouse gas abated.
Electricity retailers and other large carbon emitters in Victoria are required by the government to purchase or create VEECs to offset their carbon emissions.
What's in the VEU Program for Victorians?
Our products are heavily discounted — By signing the assignment form, the customer agrees that by receiving heavily discounted energy-efficient products, they will assign the right to create VEECs for their installation from EcoCare Carbon Solutions.
Saves Money – Victorians who participate in the Victorian Energy Upgrades Program will save on their electricity costs.
Qualified Installer – EcoCare Carbon Solutions only hires qualified installers to conduct the LED light replacement program.
Helps reduce greenhouse gas emissions — Victorians take a positive step forward in reducing their carbon footprint and enables them to reduce their electricity consumption.
FIND YOUR ELIGIBILITY
You can always call us and find your eligibility.
REGISTER YOUR INTEREST