Receiving up to $100,000 covering half the costs of installing an energy metering and monitoring system. This grant empowers business to unlock valuable data, potentially saving 5 to 15% in energy costs, improving energy performance, and assessing the practicality of electrification at their sites.
This grant, part of the $12 million metering package, supports businesses in implementing energy metering and monitoring plans. With $1.5 million available in round 1, eligible projects must be completed within 6 months of the funding deed start date
To qualify, your business must:
This is a limited opportunity, and the first-round closed on 14 June 2024 or when funding is exhausted.
Act now to enhance your energy efficiency and contribute to NSW’s net-zero emissions by 2050.
For detailed information on eligibility, the application process, and success stories, visit:
For any assistance in scoping your metering needs or applying for this grant, please reach out to: Nicklas@metimurenergy.com.au
Metimur and our partners Wattwachers and A2EP are ready to assist.
VIC VEEC spot price rising
As can be seen in the Core Market weekly report from this Monday the VIC VEEC spot price has been steadily climbing since mid November 2023 from a plateau around $86 to now trading around $96. The new activities announced for later in the year appears to not have aroused the market and VEEC creation volumes therefore predicted to not increase anytime soon, so the price will stay high.
NSW ESC price trending down
The NSW ESC spot price has seen the reverse trend recently and currently sitting at $23.25. No significant changes to the scheme announced for this year and therefore the market expects the current creation volumes to continue. The demand PRC spot price is also down, currently at $1.15.
The VEU Electricity Emissions Factors is reduced again from 0.6738 to 0.5334 from upgrades completed after 31 January 2024. This impacts all electric to electric upgrades including water heating, space conditioning, lighting, appliance activities, and project-based activities. Note that if you are instead removing a gas unit, for example a commercial boiler and installing an electric heat pump the VEECs will go up slightly from 1 Feb 2024.
The impact on standard lighting upgrades scenarios can be found in the above chart.
For further details on this change refer to ESCs email per link below.
The key changes in the 2023 ESS Rule, commencing on 19 June 2024, include:
The latest ESS Rule
In addition to VIC state Government banning gas connections to all new homes from January 1, 2024, the VEU will soon be offering rebates for replacing gas cooktops with induction stove tops.
Rebates for Electric Induction Cooktops:
As part of the state government’s push to eliminate consumer gas use, Victorian households can now claim rebates of up to $150 for electric induction cooktops.
These rebates, available from next year through the Victorian Energy Upgrades program, aim to incentivize the adoption of energy-efficient cooking solutions.
Benefits of Induction Cooktops:
Metimur and Green Home Green Planet already have experience from replacing gas with induction stove tops from ACT and plan to be accredited in Victoria as soon as the scheme is active. Contact email@example.com if you want discuss this opportunity now.
The Sustainable Australia Fund (SAF) was Australia’s leading provider of Energy Upgrade Finance offered in partnership with local councils.
Per ASIC notice issued 18 December 2023:
“Notice is given that at a general meeting of the members of the Company held on 15 December 2023, it was resolved that the Company be wound up and that Glenn Ian Livingstone be appointed liquidator(s)”
Note that Metimur was only in preliminary talks with SAF about providing M&V PBA support for some of their Energy Upgrade Finance projects but had not yet entered into any contracts. If you still think we can help in any way with a SAF funded project you were involved in, please reach out:
From our partners at Australian Alliance for Energy Productivity (A2EP):
On 21 December Santa came early for councils looking to reduce energy costs and emissions: the Australian Government announced that the Community Energy Upgrade Fund is now open for first round applications.
If you want to discuss your project and applicability for funding, please reach out to:
The original refrigerated cabinet activity led to free fridges being dumped outside many businesses and the resulting VEECs flooding the market so the spot price crashed from ~$80 to ~$50 before it was shut down late June 2022 after the VEEC price quickly rebounded. Now the activity is coming back but with a Minimum customer co-payment of $500 plus a few other tweaks that should remove the risk of fridges being dumped again for free.
Key Decisions from the VEU consultation and review Include:
Updated regulations and specifications, along with the reintroduction of RC activity, are set for July 1, 2024.
You can find the Response to Consultation on the following Engage Victoria page: