Victorian Energy Upgrades legislation

ANALYSIS

The Victorian Council of Social Service welcomes the introduction of Victorian Energy Upgrades (VEU) legislation into state parliament.

The VEU program has a strong record in achieving energy savings and emissions reductions and embedding it in law will ensure it continues as part of Victoria’s energy framework.

The changes to the scheme create new opportunities for targeted assistance for lower-income and other households facing particular challenges due to energy prices and the upfront cost of updating appliances. Similarly, the introduction of stronger consumer protections and stronger Essential Services Commission powers are welcome reforms.

VCOSS CEO, Juanita Pope, said that households on lower incomes often stood to gain the most from upgrades but faced the highest barriers to change.

“VCOSS welcomes this move to embed the VEU in law and strengthen its operation. Victorians have benefitted from this scheme in terms of lower household costs and reduced energy consumption. Our state has benefitted through reduced carbon emissions and more efficient use of energy.”

“The VEU is a key tool in Victoria’s energy transition toolbox, delivering cost-of-living relief to Victorians while setting us up for a cheaper, healthier and cleaner energy future.”

“These changes lay the groundwork for targeted programs to break down the barriers for lower-income households to access upgrades. Added consumer protections and new regulatory powers will limit abuse of the system. Victorians need strong regulatory safeguards to navigate the home energy upgrades market and ensure high-quality services and products.”

“We all want to see Victoria move to a cheaper, healthier and cleaner energy mix – and this bill will help us do that.”