Under this scheme, businesses and households can earn VEECs by undertaking energy-saving activities, such as upgrading to energy-efficient appliances or installing Solar panels. These VEECs can then be sold to energy retailers, who are required to purchase a certain number of certificates to meet their compliance obligations.
By participating in the VEET scheme, households and businesses can not only reduce their energy bills and carbon footprint but also potentially earn financial incentives for their energy-efficient upgrades. This helps to promote the adoption of renewable energy technologies and contributes to reducing greenhouse gas emissions in Victoria.
Overall, the VEET scheme plays a crucial role in incentivizing energy efficiency and renewable energy adoption in Victoria, making it easier and more affordable for residents and businesses to make sustainable choices.
