Market Update | 18 October

• IPART releases battery fact sheets and audit scopes
• All Energy 2024 next week
• LGCs fall to multi-year lows
• VEECs fall again

BESS1 & BESS2 Fact Sheets & Audit Scopes Released.

In an update on Tuesday, IPART released several documents relating to the upcoming battery activities under the Peak Demand Reduction Scheme (PDRS).

To ensure all customers participating in the PDRS make informed decisions when assessing quotes from battery providers, regulatory fact sheets have been developed and must be provided at the quotation stage. All companies marketing under the PDRS are required to attach these fact sheets to customer quotes to comply with these requirements.

Also included in the release were audit scopes for the activities, outlining minimum evidence requirements for each installation, including adherence to Australian installation and safety standards. These minimum evidence requirements are a starting point for Accredited Certificate Providers (ACPs) when compiling their list of evidence for each installation. Failure to adhere to an ACP’s list of required evidence will delay the successful registration of the claim and, therefore, the associated monetary benefit.

For those interested in reviewing each of the documents, please click here and navigate to the section titled, PDRS Audit scopes updated.

All Energy 2024 Underway Next Week.

Billed as the largest clean energy event in the Southern Hemisphere, All Energy is set to hit Melbourne’s Convention and Exhibition Centre next week (23-24 October). Spanning two days, the conference will cover anything and everything related to clean energy on Wednesday and Thursday.

We look forward to learning from and catching up with partners, suppliers, customers and industry experts over the two exciting days.

At Ecovantage, we consistently analyse market activity, policy changes, consultation releases, and creation rates in conjunction with wider landscape activity. This allows us to keep our clients at the forefront of all relevant changes, and to leverage the advantage that this presents. Thank you for your continued support, and please reach out if you have any general or project-specific questions.

Ben Lumley | Programs & Account Manager VIC
Ben specialises in VEU Activities (Residential Retrofits, Residential & Commercial Heat Pumps, Air Conditioning, Commercial Lighting), and ESS Activities (IHEAB Heat Pumps).