The Department of Economic Development, Jobs, Transport and Resources like your feedback about a new method, known as Treatment and Control, for determining energy savings for the Victorian Energy Efficiency Target (VEET) scheme. The VEET scheme However, some situations need a more detailed and tailored approach to determining The Victorian Energy Efficiency Target (VEET) energy savings. For this reason three new scheme is a market-based scheme that measurement methods are being proposed, incentivises energy efficiency upgrades, known as Project Based Activities (PBAs). reduces greenhouse gas emissions, These are activities where the number of encourages investment and jobs and develops certificates that can be claimed is specific to a technology in Victoria. given project. They will often involve the direct Under the VEET scheme, accredited measurement of energy consumption and are organisations known as Accredited Persons designed to credit a wide range of (APs) can create certificates known as technologies. The department is seeking your Victorian Energy Efficiency Certificates feedback about each of these proposed new (VEECs) for undertaking energy efficiency methods. This document explains one of these activities. Each VEEC is equivalent to one methods, known as Treatment and Control. tonne of greenhouse gas reduced or avoided. Reading this document The scheme is administered by the Essential Service Commission (ESC). This document is intended to be read in The Victorian Government is strengthening the conjunction with the proposed amendments to VEET scheme. As part of this, there is a need the VEET Regulations to do with the to create greater opportunities for businesses Treatment and Control method. These will be and other consumers to benefit from the added as new Schedule 39. Please refer to the scheme. 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 Treatment and Control method the energy savings for activities under the VEET scheme have all been what are known The Treatment and Control method is as deemed methods. This means that the designed to incentivise providing energy calculations used regarding the energy efficiency goods or services to a large group of savings of any given activity have been based energy consumers, such as households or on reasonable averages for such things as the small businesses. normal efficiency of a certain product and the operating hours for which it is used. Deemed These goods or services are called the methods are specific to individual products. treatment and the sites that receive these
The Department of Economic Development, Jobs, Transport and Resources like your feedback about a new method, known as Treatment and Control, for determining energy savings for the Victorian Energy Efficiency Target (VEET) scheme. 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). The Victorian Government is strengthening the VEET scheme. As part of this, there is a need to create greater opportunities for businesses and other consumers to benefit from the scheme. Project Based Activities Until now, the methods used for determining the energy savings for activities under the VEET scheme have all been what are known as 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. Deemed methods are specific to individual products. 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 is seeking your feedback about each of these proposed new methods. This document explains one of these methods, known as Treatment and Control. Reading this document This document is intended to be read in conjunction with the proposed amendments to the VEET Regulations to do with the Treatment and Control method. These will be added as new Schedule 39. Please refer to the proposed amendments to the Regulations before providing any feedback. These can be found online at Treatment and Control method The Treatment and Control method is designed to incentivise providing energy efficiency goods or services to a large group of energy consumers, such as households or small businesses. These goods or services are called the treatment and the sites that receive these
New-PBA-method-Treatment-and-Control.docx