The Energy Saver Incentive Scheme
The Energy Saver Incentive helps the community cut their power bills and reduce greenhouse gas emissions.
The program works by setting a target for energy savings – initially to support households and, from January 2012, also to support eligible businesses.
Backed by legislation, the Energy Saver Incentive, also known as the Victorian Energy Efficiency Target (VEET) is the first scheme of its kind in Australia.
Administered by the Essential Services Commission, the scheme is a market-based mechanism for emissions reductions which places a legal requirement on energy retail companies through the Victorian Energy Efficiency Target Act 2007.
The Victorian Energy Efficiency Target Regulations 2008 determine a range of matters essential to the operation of the scheme.
The first three year phase of the scheme has saved more than 8.1 million tonnes of greenhouse gas, the equivalent of making around 675,000 households carbon neutral for a year.
More Information
Learn about Energy Saver Incentives for your home or business
Learn how your business can become accredited to deliver energy efficiency solutions
Read more on scheme management, including legislative and regulatory changes
