Victorian Energy Upgrades Program
The Victorian Energy Upgrades (VEU) program is a government initiative aimed at helping Victorian households and businesses reduce their energy bills and greenhouse gas emissions. This program provides rebates or discounts on a variety of energy-saving products.
Victorian Energy Efficiency Certificates (VEECs)
Every upgrade under the VEU program generates Victorian Energy Efficiency Certificates (VEECs). Each VEEC represents one tonne of greenhouse gas emissions prevented from entering the atmosphere. Accredited providers sell these certificates to energy retailers, such as Time To Save, who use them to meet annual emissions targets set by the Victorian Government.
Incentives and Discounts
The incentives or discounts offered to households and businesses under the VEU program can vary based on market activity and the current certificate price. The Essential Services Commission regulates and administers the program, accrediting providers and approving the products eligible for installation.
At Energy Savers Au Pty Ltd, we will guide you on what rebates are applicable for your household.