News

Helping Victorian Business Cut Their Energy Bills

15 May 2024

The Large Energy User Electrification Support Program will provide up to $60,000 per site – or $66,000 for regional sites that use between 10-100 terajoules of gas per year to undertake a feasibility study to identify ways to cut gas usage by replacing old gas powered equipment with efficient electric alternatives.

The survey will identify bespoke energy efficiency upgrades the business is eligible for through the Victorian Energy Upgrade (VEU), including discounts on hot water boilers, furnaces, ovens, dryers and similar appliances.

Business that upgrade to electric appliances have slashed thousands off their bills - the Ellinbank Dairy Research Farm installed a 26-kilowatt heat pump which reduced their energy usage by 33 percent and slashed $5000 off their bills, while Kardinia Aquatic Centre’s 400kW heat pump is saving them around $200,000 a year.

The VEU program is the largest energy efficiency upgrade program in Australia and through a $5.9 million investment the Victorian Budget 2024/25 it will continue help more Victorians electrify their homes and businesses, slash their power bills and reduce emissions.

Applications open on 13 May 2024 and will close on 30 September unless funds are exhausted first.