Accredited Certificate Provider
Air-sourced heat pump
Department of Sustainable Development and Business Innovation (formerly Department of Primary Industries (DPI))
Emerging Lighting Technology
Energy Saver Incentive
Energy Saving Certificate
Energy Saving Scheme
Essential Services Commission
Independent Pricing and Regulatory Tribunal
Large-scale generation certificate
Large-scale Renewable Energy Target
The obligation a Relevant Entity has to surrender a prescribed number of VEECs to the ESC each year. The number of VEECs is determined by multiplying their residential electricity and gas acquisition from the previous year, by the GHG reduction rate for each commodity.
"Liable parties, or mandatory scheme participants, comprise all holders of New South Wales electricity retail licenses, New South Wales electricity generators that supply directly to retail customers in New South Wales, and market customers in New South Wales who purchase their electricity directly from the National Electricity Market. Also known as Liable Entities, or Scheme Participants in the Regulation"
Network Service Provider
An activity that creates VEECs and causes a reduction in GHG emissions that would not have otherwise occurred, had the activity not been undertaken. These activities have detailed specifications that must be followed - such as the decommissioning of old products - in order for a certificate to be properly created.
Renewable Energy Certificate
Renewable Energy Target
A building classified under Part A3 of the Building Code of Australia as a Class 1, 2, 3, or 4 Building.
Small Generation Unit
Small-scale Renewable Energy Scheme
Small-scale technology certificate
Solar Water Heater
Victorian energy efficiency certificate
Voltage reduction unit
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