VEEC installs completed on or after February 1st will attract updated VEEC quantities
VEEC quantities will change for installations completed
on or after February 1st
If replacing an electric system, or installing a new electric product
VEECs generated will reduce by 26% as per the emission factor calculations.
If replacing an existing gas system and installing a new electric product
VEECs generated will increase by roughly 5% dependent on system.
This is the last year of the emissions factor reductions as outlined currently by the VEU. Please ensure to allow for these changes in VEECs generated on quotes which will be installed after February 1st 2025.
3 points to keep in mind
Keep 1 Feb 2025 in mind when quoting and scheduling jobs
. Remember that the calculation changes apply to the installation date, not your claim submission date
Use Geo/Onsite as your quote tool