Victorian Energy Upgrade (VEU) program reforms are improving program outcomes and better protecting Victorian consumers.
Reforms to the VEU program
Reforms introduced by the Victorian Energy Efficiency Target Amendment Act 2022, took effect on 1 July 2023 and 1 November 2023.
These changes included:
- Ensuring providers accredited under the program are appropriately qualified by being required to demonstrate they are a fit and proper and competent and capable person.
- Introduction of new offences and enforcement tools to provide for more effective regulation.
- Introduction of new audit tools and a requirement for accredited persons to undertake an independent audit at least once every two years.
- Extension of the VEU program by one year, from 2029 to 2030, to bring it in line with the Victorian Government’s Climate Change target timelines.