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 statewide 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.
The first three year phase of the scheme will save more than 8.1 million tonnes of greenhouse gas, the equivalent of making around 675,000 households carbon neutral for a year.
Energy Saver Incentive products must be professionally installed by a participating business. Incentives for the purchase of some appliances may be available at point of sale at participating retailers. Remember to always check with your participating business before you make your purchase. Read more about how your home or business could benefit from the Energy Saver Incentive.
The Energy Saver Incentive is also known as the Victorian Energy Efficiency Target (VEET) and is the first scheme of its kind in Australia. It 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 Energy Saver Incentive is administered by the Essential Services Commission, which is the independent regulator of the retail energy industry in Victoria. Its role is to oversee compliance and performance reporting by energy businesses, and to accredit business and products and appliances which are eligible under the Energy Saver Incentive scheme.
Learn how your business can become accredited to deliver energy efficiency solutions