Victoria Policy update
Energy briefing update - March 2021
Check out the latest national energy markets and policy update for energy market analysis, but read on below for the latest policy developments from Victoria.
Click here to return to the first edition of the energy briefing update.
Agriculture Energy Investment Plan
The Victorian Government’s announcements also included a $30 million top up for the Agriculture Energy Investment Plan to support Victorian agribusinesses to improve their energy management.
Learn more here.
Business Recovery Energy Efficiency Fund (BREEF)
Last but not least, announcements were made for a $31 million Business Recovery Energy Efficiency Fund for large energy users to transform the way industry uses energy by implementing energy upgrades. Phase 2 applications closed in January 2021.
Learn more here.
Feed-in Tariff changes
Victoria’s Essential Services Commission has released a decision to reduce the minimum feed-in tariff (FiT) for when excess energy generated by households and businesses is sold back to the grid from 10.2 to 6.7 cents/kWh.
The changes come into effect 1 July 2021 – learn more here or by discussing it with your electricity retailer.
Victorian Energy UpgradeS (VEU)
In case you missed all the energy related commitments in the November budget – the Victorian Government announced smart stimulus measures targeted at businesses, including several announcements relating to the Victorian Energy Upgrades (VEU) Program, which allows businesses access to discounted energy-efficient products and services. The average business stands to save an average $3,700 per annum on its electricity bill.
Learn more about the VEU here.
CURRENT GRANT AND OTHER OPPORTUNITIES
Check out the latest article on current grants opportunities that can support your business.
So, what’s next?
A proactive approach to energy strategy will ensure that your business successfully navigates an increasingly dynamic energy landscape. Given this, what you do next is critical. We suggest:
- Seek a briefing from an internal or external energy expert about your energy strategy and management;
- Ensure your business is across current energy specific financing options ; and
- Explore the sector spotlights and other resources available at energybriefing.org.au and share them with your team.
Click here to return to the first edition of the energy briefing update.
About Navigating a dynamic energy landscape
There is an enormous amount of information on energy in the public domain, yet it can be hard for business leaders to extract what matters for their businesses.
Navigating a dynamic energy landscape: a briefing for Australian businesses is an executive-level briefing designed to cut through the noise and help businesses confidently navigate Australia’s dynamic energy landscape.
The sector spotlights and other resources that accompany the briefing exist to support this aim.
This initiative is delivered by the Energy Efficiency Council with the support of industry and the NSW Department of Industry, Planning and Environment.
To learn more visit energybriefing.org.au.