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IPART VIC VEET

What is the Victorian Energy Efficiency Target?

The aim of the VEET scheme is to reduce greenhouse gas emissions, encourage the efficient use of electricity and gas, and to encourage investment, employment and technology development in industries that supply goods and services which reduce the use of electricity and gas by energy consumers, creating  Victorian energy efficiency certificates VEECs.

 

What is a VEEC?

Victorian energy efficiency certificates (VEECs) are electronic certificates created in accordance with the Victorian Energy Efficiency Target Act 2007 (the Act) and the Victorian Energy Efficiency Target Regulations 2008 (the Regulations). Each VEEC represents one tonne of carbon dioxide equivalent (CO2-e) abated by specified energy saving activities known as Prescribed Activities.

 

What is LumaLED’s role in the Energy Savings Scheme?

LumaLED is a leading Australian LED Lighting Distribution company. We provide businesses with quotes, high quality products and project management. Once the proposal of the lighting upgrade has been accepted by the customer LumaLED supplies the products and services and facilitates the project with its Accredited Certificate Provider (ACP)  under the ESS to create and trade ESCs. The NSW Government have set strict guidelines for the successful creation of ESCs. LumaLED aim to simplify this process and allow their clients to take advantage of the associated benefits.

 

When do VEECs expire?

A VEEC expires six years from the date on which the Prescribed Activity was undertaken, or upon surrender to the ESC.

 

Who is installing my new lights?

LumaLED has preferred partners accredited to install lighting under the energy saving program. If you prefer to use your own electrical contractor as you feel more comfortable they will need to be accredited to operate under the program. LumaLED only partners up with quality companies based on their service and safety for customer satisfaction.

 

Recycling of Old Lights

As per the terms of the ESS set out by the VIC Government, all old lights must be decommissioned and recycled to ensure that they will not be reinstalled at a later date.

 

 

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