News

WEEKLY NSW ESS ANALYSIS WE 1ST SEPTEMBER 2019

Month in Review: ESS Report

  • Last week creation of 53,741 ESCs was  the highest for the month of August.
  • Commercial lighting contributed the highest number of ESCs created across all the activities.
  • HEER creation for the month of August was not as strong as the month before.

Weekly ESS Creation Report – creation between 25th Aug-1st Sept 2019

  • Weekly creation was 53,741 created compared with the previous weekly creation 30,176 ESCs.
  • The average for the last 4 weeks is 44.5k ESCs.
  • Commercial Lighting contributed 20,841 ESCs (39%) compared to 29,696 ESCs (97%) created in the week before .
  • HEER contributed 29,754 ESCs (55%) compared to 0 ESCs (0%) created in the week before.
  • The ESC spot price was at $22.00 up from $21.00 COB last Friday.

Weekly & Month-In-Review: ESC Creation Breakdown

Weekly: Total ESC Creation Pie Chart

Month-In-Review: ESC Creation Activity Trends Across HEER, Commercial Lighting, Metered Baseline & Other

Bibek RegmiWEEKLY NSW ESS ANALYSIS WE 1ST SEPTEMBER 2019
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WEEKLY VEU ANALYSIS WE 1ST SEPTEMBER 2019

Month-In-Review: VEU Report

  • Last week creation of 162,895 VEECs was  the highest for the month of August.
  • 21A contributed the highest number of VEECs created across all the activities.
  • Activity 34 creation remained steady for the month of August.
  • 21B, 21C, 21D, & 21E were the least contributing activities while compared to 34 & 21A.

Weekly VEU Certificate Creation Report – creation between 25th Aug-1st Sept 2019.

  • 162,895 certificates created were created for the period between 25/08/2019 and 01/09/2019.
  • Commercial Lighting contributed 58,545 VEECs (35.94%) compared to 26,264 VEECs (24.55%) created in the week before.
  • Updated 21A contributed 72,352 VEECs (44.42%) compared to 58,538 VEECs (54.72%) created in the week before.
  • The VEEC price was at $22.65 up from $22.05 COB last Friday.

Target Tracking

  • The 2019 target is 6.3M with currently 8,215,745 VEECs already Registered or Created.
  • The 2020 target is 6.5M.
  • This means in total, the scheme needs to create 4,584,255 VEECs between today and the end of 2020. (70 creation weeks)
  • To achieve the 2020 target we need to average 65.5k certificates per week.
  • Average creation for 2019 to this point has been 96k VEECs/week.

NB: data is based on creation. Not all VEECs created are registered.

Weekly & Month-In-Review: Certificate Creation Breakdown

Weekly: Total Certificate Creation Pie Chart

Month-In-Review: Certificate Creation Activity Trends Across Activity 21 & 34, Water Heating & Other

Month-In-Review: Certificate Creation Activity Trends & Breakdown Across Activity 21 & 34

Bibek RegmiWEEKLY VEU ANALYSIS WE 1ST SEPTEMBER 2019
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Energy Saving Scheme (ESS) Rule change is out for consultation

The NSW Department of Planning, Industry and Environment (DPIE) is out for consultation on the 2018-2019 Energy Saving Scheme Rule (ESS Rule) change. Stakeholder feedback closed last Friday, 23rd August 2019. The annual review is aimed at making adjustments and improvements to the scheme. Once the changes have been discussed and consultation has concluded, amendments to the NSW ESS will be implemented in early 2020.

What is the Energy Saving Scheme (ESS)? 

The ESS is the NSW state-based energy-efficiency scheme which incentivises the adoption of smart-technology solutions to help reduce energy usage and the carbon footprint of businesses and households across Australia. Incentives are delivered in the form of Energy Saving Certificates (ESCs).

What is the Energy Savings Scheme Rule (ESS Rule)?

The Energy Savings Scheme Rule (ESS Rule) details how Energy Savings Certificates are created.

How often is the Energy Saving Scheme Rule (ESS Rule) updated?

The ESS was formed in 2009 under the NSW Electricity Supply Act 1995. Since its inception, the NSW Government has committed to updating the ESS Rule on an annual basis to meet the needs of energy consumers throughout NSW.

Claire DayEnergy Saving Scheme (ESS) Rule change is out for consultation
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WEEKLY NSW ESS ANALYSIS WE 25TH AUGUST 2019

ESS Certificate Creation Report

 This report is for certificate creation between 18/08/2019 and 25/08/2019.

 Results

  • Weekly creation was 30,176 ESCs created compared with the previous weekly creation of 42,190 ESCs.
  • The average for the last 4 weeks is 44k ESCs.
  • Commercial Lighting contributed 29,696 ESCs (97%) compared to 28,474 ESCs (67%) created in the week before .
  • No HEER creation last week compared to 8,085 ESCs (19%) created in the week before.
  • The ESC spot price was at $21.00 up from $20.80 COB last Friday.

Analysis

Certificate Creation Breakdown

Total Weekly Creation Pie Chart

 

 

 

Bibek RegmiWEEKLY NSW ESS ANALYSIS WE 25TH AUGUST 2019
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