What is an STC?
An STC (Small-scale Technology Certificate) represents one megawatt-hour (MWh) of electricity generated or saved by small-scale renewable systems like solar PV, solar hot water, heat pumps, wind, or micro-hydro systems.
When can you claim STCs?
Claims must be made within one year of installation.
What is a VEEC?
VEECs (Victorian Energy Efficiency Certificates) are part of the Victorian Energy Upgrades (VEU) program, which aims to reduce greenhouse gas emissions by encouraging energy-efficient products and services in Victoria.
Who is eligible for the VEEC program?
Both residential and business customers in Victoria can participate. VEECs are created by accredited providers who carry out qualifying energy efficiency improvements.
How are VEECs calculated?
VEECs are calculated based on the reduction in greenhouse gas emissions achieved by the upgrade. The number of VEECs varies by activity.
What is the role of an Accredited Provider (AP)?
Accredited Providers are authorized companies that manage the creation, registration, and trading of VEECs on behalf of their clients under the VEU program.
What benefits does the VEEC program offer?
The VEEC program helps businesses and households reduce energy costs through energy-efficient upgrades.
What is the value of a VEEC?
The value of a VEEC fluctuates based on market demand.