Government Schemes

Our role is to understand the government schemes and unlock the value of the incentives for our Customers and Partners. The Acts, Regulations and Rules can be difficult to understand and you may find it hard to apply to your situation. Our expertise is in making all this simple so you can access financial incentives for your energy efficiency and renewable energy projects.

Victorian Energy Upgrades (VEU)

The Victorian Energy Upgrades (VEU) is driving energy efficiency upgrades in Victoria by providing financial incentives, based on greenhouse gas emissions saved, to make implementation more affordable and attractive.

Also known as the Energy Saver Incentive or the VEET Scheme, it is administered in accordance with the VEU Regulations 2018 by the Essential Services Commission.

Victorian Energy Efficiency Certificates (VEECS) can be created by an Accredited Person (AP) and sold to a liable party (Energy Retailer) when a legitimate activity takes place.

The scheme places an obligation on Energy Retailers to purchase certain quantities of Victorian Energy Efficiency Certificates (VEECs) every year, and through a wholesale certificate market, this creates the incentive for energy efficiency activities.

NSW Energy Saving Scheme (ESS)

The NSW Energy Savings Scheme (ESS) is driving energy efficiency upgrades in NSW by providing financial incentives to make implementation more affordable and attractive.

The ESS places an obligation on energy retailers to purchase Energy Savings Certificates (ESCs). These certificates are generated by an Accredited Certificate Providers (such as Northmore Gordon) by performing eligible activities.

It is administered and regulated in accordance with the ESS Savings Scheme Rule 2009 (or the ESS Rule) by the Independent Pricing and Regulation Tribunal of NSW (IPART).

Federal Renewable Energy Target (RET)

The Federal Government Renewable Energy Target (RET) is driving renewable energy by providing financial incentives to make installation more affordable and attractive.

The RET is split into two targets the Large-scale RET (LRET) for larger solar, wind, hydro “Power Stations” and the Small Scale Renewable Energy Scheme (SRES) that supports the installation of rooftop solar systems that are less than 100kW, solar water heaters, and other small renewable generators. 

Both targets are highly focused on increasing and improving renewable energy sources.

The SRES provides an upfront incentive based on the nominal generation through to 2030.

Federal Emissions Reduction Fund (ERF)

The Emissions Reduction Fund (ERF) provides a government funded incentive for organisations in a range of sectors to reduce or ‘store’ carbon emissions.
The Emissions Reduction Fund (ERF) provides a government funded incentive for organisations in a range of sectors to reduce or ‘store’ carbon emissions.

Through the implementation of energy efficiency and emissions reduction projects, Australian Carbon Credit Units (ACCUs) can be created and subsequently sold to the government through the ERF reverse auctions.

ACCUs can be created under one of the 34 methods approved under the Carbon Farming Initiative (CFI) legislation, regardless of a sale contract with the government. ACCUs can also be sold in the secondary market to help ‘make up’ ERF contracts that not fulfilled, to high emissions facilities that have exceeded their emissions baselines as defined under the safeguard mechanism, or to a range of commercial entities looking to voluntarily offset their emissions through carbon credit purchases.
 
In 2019, the government expanded the ERF with the addition of the $2 billion Climate Solutions Fund.

Current Targets

Scheme Tradable Certificate Sectors Covered 2019 Retailers Obligation 2020 Retailers Obligation 2021 Retailers Obligation Legislated End Date Northmore Gordon
Accredited
State Energy Efficiency Schemes Comparison
VIC VEU  VEEC
Lighting Activities (Commercial, Industrial, Residential, Outdoor & Public Lighting).  Project Activities for Commercial & Industrial Equipment
6.3 M VEECs 6.5 M VEECs 6.5 M VEECs 2030 Yes
NSW ESS ESC
Lighting Activities (Commercial, Industrial, Outdoor & Public Lighting). Project & Metered Baseline Activities for Commercial & Industrial Equipment. Business Appliances.
4.8 M ESCs  (8.5%) 4.8 M ESCs  (8.5%) 5.5 M ESCs  (8.5%) 2050 Yes
SA REES Direct obligation Commercial, Residential 2300 TJ 2300 TJ 2500 TJ 2030 No
ACT EEIS Direct obligation Commercial, Residential (8.6%) (8.6%) 2030 No
Federal Schemes (Renewable Energy Target and Emissions Reduction Fund)
RET Small STC Solar PV, Solar Hot water 37.5 M STCs 42.6 M STCs 50.6 M STCs 2030 Yes
RET Large LGC Large Solar (>100kW) Wind, Hydro, Biogen 31.2 M LGCs 33.8 M LGCs 33.0 M LGCs 2030 Yes