State Energy Efficiency Schemes: The Key to a Smarter Grid

The Victorian Energy Upgrade (VEU) program is under review, aiming to shape its next five years. Since its launch 20 years ago, the program has cut energy costs, reduced carbon emissions, and driven efficiency innovations. Now, the government is eyeing demand flexibility as the next frontier.

🔹 DERs (Distributed Energy Resources) – Rooftop solar, EVs, hot water systems & batteries.

🔹 Flexibility Trading – Turning DERs on/off to balance the grid & prevent congestion.

🔹 Global Trend – The UK is already monetizing demand flexibility, but Australia lags.

💡 Expanding VEU to support DER-enabling tech for flexibility trading.

📊 Setting targets for demand flexibility to create an incentivized market.

🛡️ Ensuring consumer protection while integrating privately owned DERs.

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✅ Demand flexibility strategies

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