VEU Scheme: Victorian Energy Upgrades

VEU stands for Victorian Energy Upgrades. It’s a government program in Victoria, Australia, aimed at increasing energy efficiency in homes and businesses.

How does it work?

  • Rebates and discounts: The scheme offers financial incentives for people to purchase energy-saving products like LED lights, insulation, and efficient appliances.
  • Energy efficiency certificates: Businesses that install energy-saving products can earn Victorian Energy Efficiency Certificates (VEECs). These certificates can be sold to energy retailers.

 

Benefits of VEU

  • Lower energy bills: By using more efficient products, people can reduce their energy consumption and save money.
  • Reduced greenhouse gas emissions: Improved energy efficiency helps to lower carbon emissions.
  • Economic benefits: The scheme supports jobs in the energy efficiency industry.

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