REPS rebates and incentives are created when energy-efficiency upgrades generate energy-saving certificates that energy retailers must purchase to meet government targets, funding discounts or rebates for the customer.
1 GJ = 1 Nominal Gigajoule Equivalent
- Each incentive is called a Gigajoule (GJ) and represents a nominal gigajoule which is calculated based on the activity guidelines.
- This translates the electricity or gas savings calculated from a project into a Nominal Gigajoule Equivalent, which differs by activity and may vary by year.