The scheme has four key features:
- a legislated target for electricity retailers to either purchase energy savings certificates (ESCs) or pay a penalty
- energy efficiency product and service providers who create certificates from energy savings activities and sell them to electricity retailers (Accredited Certificate Providers, ACPs)
- an Energy Savings Scheme Rule that defines eligible energy saving activities and methods for calculating certificates
- a scheme administrator, the Independent Pricing and Regulatory Tribunal (IPART), which accredits energy efficiency product and service providers, provides a registry for certificates and requires electricity retailers to meet their obligations.
Owners corporations can often generate ESCs from common property lighting upgrades, which can significantly reduce the purchase price. Make sure you take advantage of this and get proposals from ACPs or lighting suppliers that have relationships with ACPs.