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Member Alert - VEET Scheme

August 16, 2016

As many energy users would be aware the EUAA has been engaging with the Victorian Government on its proposal to end the exemption for large energy users from the Victorian Energy Efficiency Target (VEET) scheme 

During the formal consultation process and in subsequent meetings with the department and ministerial advisers we have argued for the continuation of the exemption for large energy users.  The basis of this being many of our member companies have already made substantial investments in energy efficiency and have simply run out of economically viable initiatives to undertake.  Being forced into VEET would simply require those companies to pay into a system without the ability to truly participate or create additional abatement.

Today we have been advised by Mark Feather at DELWP, that Environment Minister, Lily D’Ambrosio has decided not to force large energy users into the VEET.  The advice from Mark is that Government will pursue an opt-in approach, and those companies which do not opt in will remain exempt. 

While the details are yet to be settled the Department has stated the will consult with us further. 

We should feel pleased that the government has taken this very practical approach.

Thankyou to those members have have participated in the engagement process either via the EUAA or directly with government.

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