The Department of Economic Development, Jobs, Transport and Resources would like your feedback about a proposed method for determining energy savings for the Victorian Energy Efficiency Target (VEET) scheme called the Benchmark Rating method. The VEET scheme given project. They will often involve the direct measurement of energy consumption and are The Victorian Energy Efficiency Target (VEET) designed to credit a wide range of scheme is a market-based scheme that technologies. The Department of Economic incentivises energy efficiency upgrades, Development, Jobs, Transport and Resources reduces greenhouse gas emissions, (the department) is seeking your feedback encourages investment and jobs and develops about each of these proposed new methods. technology in Victoria. This document explains one of these, known as the Benchmark Rating method. Under the VEET scheme, accredited organisations known as Accredited Persons Reading this document (APs) can create certificates known as Victorian Energy Efficiency Certificates This document is intended to be read in (VEECs) for undertaking energy efficiency conjunction with the proposed amendments to activities. Each VEEC is equivalent to one the VEET Regulations to do with the tonne of greenhouse gas reduced or avoided. Benchmark Rating method. will be added The scheme is administered by the Essential as new Schedule 38. Please refer to the Service Commission (ESC). proposed amendments to the Regulations before providing any feedback. These can be Project Based Activities found online at Until now, the methods used for determining Benchmark Rating schemes the energy savings for activities under the VEET scheme have all been deemed A benchmark rating is a measure of the methods. This means that the calculations energy performance of a building compared used regarding the energy savings of any with that of other buildings of a similar size and given activity have been based on reasonable usage. Benchmark rating schemes develop averages for such things as the normal methods to account for the variation between efficiency of a certain product and the buildings and changes in the use of a building operating hours for which it is used. over time. However, some situations need a more Under the proposed new method the ESC detailed and tailored approach to determining would be given the power to approve energy savings. For this reason three new benchmark rating schemes. These schemes measurement methods are being proposed, must meet certain requirements in order to be known as Project Based Activities (PBAs). approved, including the requirement that a These are activities where the number of scheme must base its building ratings on certificates that can be claimed is specific to a measured energy consumption data and that
The Department of Economic Development, Jobs, Transport and Resources would like your feedback about a proposed method for determining energy savings for the Victorian Energy Efficiency Target (VEET) scheme called the Benchmark Rating method. The VEET scheme The Victorian Energy Efficiency Target (VEET) scheme is a market-based scheme that incentivises energy efficiency upgrades, reduces greenhouse gas emissions, encourages investment and jobs and develops technology in Victoria. Under the VEET scheme, accredited organisations known as Accredited Persons (APs) can create certificates known as Victorian Energy Efficiency Certificates (VEECs) for undertaking energy efficiency activities. Each VEEC is equivalent to one tonne of greenhouse gas reduced or avoided. The scheme is administered by the Essential Service Commission (ESC). Project Based Activities Until now, the methods used for determining the energy savings for activities under the VEET scheme have all been deemed methods. This means that the calculations used regarding the energy savings of any given activity have been based on reasonable averages for such things as the normal efficiency of a certain product and the operating hours for which it is used. However, some situations need a more detailed and tailored approach to determining energy savings. For this reason three new measurement methods are being proposed, known as Project Based Activities (PBAs). These are activities where the number of certificates that can be claimed is specific to a given project. They will often involve the direct measurement of energy consumption and are designed to credit a wide range of technologies. The Department of Economic Development, Jobs, Transport and Resources (the department) is seeking your feedback about each of these proposed new methods. This document explains one of these, known as the Benchmark Rating method. Reading this document This document is intended to be read in conjunction with the proposed amendments to the VEET Regulations to do with the Benchmark Rating method. will be added as new Schedule 38. Please refer to the proposed amendments to the Regulations before providing any feedback. These can be found online at Benchmark Rating schemes A benchmark rating is a measure of the energy performance of a building compared with that of other buildings of a similar size and usage. Benchmark rating schemes develop methods to account for the variation between buildings and changes in the use of a building over time. Under the proposed new method the ESC would be given the power to approve benchmark rating schemes. These schemes must meet certain requirements in order to be approved, including the requirement that a scheme must base its building ratings on measured energy consumption data and that