Energy Efficiency Scheme To Reduce Bills, Support Jobs

19 December 2014

The Andrews Labor Government is acting quickly to protect jobs and help Victorians reduce energy bills by saving a key energy efficiency scheme that the former Liberal Government planned to terminate.

Energy and Resources Minister Lily D’Ambrosio today announced that the Victorian Government will retain the Victorian Energy Efficiency Target (VEET) scheme and save 2000 jobs.

The VEET scheme helps participating households and businesses save money by improving energy efficiency.

The target for the scheme for 2015 will be 5.4 million Victorian energy efficiency certificates. Each certificate represents a tonne of greenhouse gas emissions that will be avoided.

Energy retailers are required to provide incentives to Victorian households and businesses for undertaking improvements such as installing energy efficient appliances.

This action comes as part of the Andrews Labor Government’s plan to save Victorian jobs in the growing sustainable energy sector, which was almost killed off by the former Liberal Government.

The Government will review the VEET scheme in the first half of 2015, with a view to strengthening it even further.

The Andrews Labor Government will also wind back the anti-wind farm laws and create a $20 million New Energy Jobs Fund, which will offer grants to firms and companies specialising in high-growth renewable sectors such as new energy technology.

Quotes attributable to Minister D’Ambrosio

“Energy efficiency is one of the best ways for homes and businesses to reduce bills and greenhouse gas emissions.”

“We are retaining the VEET scheme, helping Victorians reduce their energy bills and creating more Victorian jobs.”

“The scheme supports more than 2000 jobs across Victoria and the Andrews Labor Government is protecting them.”

Download PDF (150 KB)External Link

Reviewed 19 August 2020

Was this page helpful?