Who can claim VEECs?

With the clear financial benefits, there are a few eligibility caveats.

First, the program is only available to Victorian sites. The site needs to have 12 months of energy usage data available prior to system installation to form a ‘baseline consumption’. As long as your site or business has been in operation for at least 12 months prior to installation of any upgraded plant, this data can be obtained.

The site cannot be a registered Scheduled Activity Premises (SAP). The VEU program reduces greenhouse gases by providing access to discounted energy efficient products and services. Scheduled activity premises are exempt from the program, unless the occupier opts into the program. Once the occupier opts into the program, they will be eligible to generate VEECs.

VEECs only become viable for larger-scale upgrades that result in the needed energy savings as listed above. They can only be created by entities accredited by the Essential Services Commission (ESC) under the VEU program.

At Ecovantage, we have several highly-experienced engineers and compliance officers who take care of the project from start to finish for you ensuring all of the boxes are ticked. They check that everything is generated, compiled and submitted to fulfil the regulatory requirements so that before a project begins, it has been approved and marked as eligible by the Regulator.