14 December 2021
The following greenhouse gas reduction rates for 2022 have been fixed under the Victorian Energy Efficiency Target Act 2007:
- 0.16113 for electricity
- 0.01078 for gas
These rates were recommended by the Minister for Energy, Environment and Climate Change and published by the Order of the Governor in Council in the Victoria Government Gazette 2022 Greenhouse gas reduction rates.
When multiplied by the amount of energy expected to be purchased by energy retailers in 2022, the rates determine the number of certificates each retailer needs to surrender to meet the 2022 Victorian Energy Efficiency Target of 6.7 million tonnes of greenhouse gas abated while adjusting for differences between estimated and actual energy purchases in past years.
The greenhouse gas reduction rates were determined in consultation with the Essential Services Commission.
The following greenhouse gas reduction rates for 2022 have been fixed under the Victorian Energy Efficiency Target Act 2007:
- 0.16113 for electricity
- 0.01078 for gas
These rates were recommended by the Minister for Energy, Environment and Climate Change and published by the Order of the Governor in Council in the Victoria Government Gazette 2022 Greenhouse gas reduction rate.
When multiplied by the amount of energy expected to be purchased by energy retailers in 2022, the rates determine the number of certificates each retailer needs to surrender to meet the 2022 Victorian Energy Efficiency Target of 6.7 million tonnes of greenhouse gas abated while adjusting for differences between estimated and actual energy purchases in past years.
The greenhouse gas reduction rates were determined in consultation with the Essential Services Commission.
Page last updated: 20/09/22