Ecofin Press Release

Previously suspended Victorian Energy Upgrades (VEU) activities (i.e. high-volume residential activities) have been reinstated in alignment with the government’s changes to restrictions in metropolitan Melbourne for businesses undertaking these types of activities in residential premises.

Victoria has moved to the last step of the roadmap to reopening, with key changes outlined in the PM statement. The businesses are now allowed to doorknock and upgrade halogen and fluorescent lights in household and commercial settings. Consistent with government requirements, all businesses involved in this form of lead generation and all other Victorian Energy Upgrades (VEU) activities must have an up-to-date COVIDSafe Plan for each workplace/site and must adhere to these at all times.

Ecofin Solutions Foru Pty Ltd has updated COVIDSafe Plan that is consistent with requirements set out for the construction industry.

Their COVIDSafe plan also demonstrates their actions to help slow the spread of coronavirus (COVID-19) and manage risks while doorknocking, upgrading, and replacing the LED lights. This includes face masks, physical distancing requirements, and appropriate record-keeping to support contact tracing.

The regulatory body of the Victorian Energy Upgrades program has set a greenhouse gas emission reduction target of 40.6 megatonnes for the 2021-25 period that will require an average annual increase of 22-27 percent in energy savings.

It will be a significant step in achieving the Victoria state’s net-zero emissions target by 2050.

What is the Victorian Energy Upgrades Program?

Victorian Energy Upgrades(VEU) by the government of Victoria encourages and helps Victorian businesses & households in saving money on upgrading lighting costs, cutting energy costs and contributing to the environment. This Victorian Government program is providing households and businesses with access to discounted or free LED lights replacements in Victoria through accredited providers.

How does Victorian Energy Upgrades Program work?

Every replacement or upgrade allows accredited providers to generate Victorian Energy Efficiency Certificates(VEECs). Each VEEC certificate represents one tonne of GHG(generated by a coal power plant) that has been prevented from entering the atmosphere(by saving electricity). Accredited providers then sell these certificates to energy retailers.

The Victorian Government sets annual greenhouse gas reduction targets that require energy retailers to buy a certain number of certificates. The target increases each year and it is 6.5 million tonnes for 2020.

21 Paramount Blvd, Derrimut VIC 3030

Ecofin Solution ForU Pty Ltd is a leading LED replacement company on a mission to help Australian households and businesses reduce energy bills and greenhouse gas emissions through LED lighting. We are an expert LED installer in Melbourne, Victoria who specializes in end-to-end residential and commercial LED lighting solutions under Victorian Energy Upgrades (VEU) Program. The program was previously known as the VEET scheme. We install VEU-approved LED products. Our A-grade electricians work under stringent guidelines of the government program to offer quality LED upgrades. services we offer include: 1) Residential LED Replacement 2) Commercial LED Replacement

This release was published on openPR.