VEET and IPART
The VEET scheme (the Scheme) is a Victorian Government initiative promoted as the Energy Saver Incentive (ESI) administered through the Essential Services Commission (ESC). The VEET scheme is designed to make energy efficiency improvements more affordable to energy consumers.
IPART are the independent pricing regulator for water, public transport, local government, electricity and gas industries, as well as the licence administrator of water, electricity and gas and the scheme administrator and regulator for the Energy Savings Scheme.
The Energy Savings Scheme reduces electricity consumption in NSW by creating financial incentives for organisations to invest in energy savings projects. Energy savings are achieved by installing, improving or replacing energy savings equipment.
The Energy Savings Scheme is governed by NSW legislation. It places a mandatory obligation on Scheme Participants to obtain and surrender energy savings certificates, which represent energy savings.
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