
Getting Serious: The Peak Demand Reduction Scheme
The New South Wales Energy Savings Scheme (ESS) was established in 2009 under the Electricity Supply Act 1995. One of the primary purposes of the ESS is to provide incentives to install, improve or replace energy savings equipment and appliances in NSW households and businesses. The financial incentives under the scheme have been in the form of Energy Saving Certificates (ESCs), which are tradeable. When households and businesses fund energy-saving activities, they create ESCs which can be transferred to Accredited Certificate Providers (ACPs) in return for a discount on the costs of the energy saving activity. The ESCs are calculated on the basis of the megawatt hours saved by the activity. Many of us know some of the programs that have been rolled out such as light bulb replacement and…