NSW – The ESC Scheme
WHAT IS THE ESS?
ESS stands for Energy Savings Scheme. The ESS is governed by NSW legislation and was developed to create financial incentives for organisations to implement energy savings activities. Energy savings activities reduce business costs and greenhouse gas emissions, increase staff productivity, improve work environments and potentially increase property value!
WHAT IS AN ESC?
An ESC is an Energy Saving Certificate. Each year the NSW Government sets an ESC target incentivising ESS participants to engage in a range of energy saving activities and upgrades. Each certificate represents a saving of one MWh (megawatt hour) and can only be approved by Accredited Certificate Providers.
HOW DOES IT ALL WORK?
The process works as follows:
- Businesses invest in an energy savings activity (such as retrofitting Cherry Energy Solutions’ LED lighting) to reduce their energy use.
- ESCs are generated through the reduction in energy use. Cherry Energy Solutions calculate the reduction in energy use and our partner Accredited Certificate Provider obtains the ESCs on behalf of our customers.
- Liable parties, such as electricity retailers, buy the ESCs from our Accredited Certificate Provider (at prices set in response to the market supply and demand).
- The price obtained for the ESCs by the Accredited Certificate Provider is returned to the business that generates them via Cherry Energy Solutions.
How Cherry Energy Solutions can help you make the most of ESCs
A wide range of our state of the art, portfolio of products are ESC approved. We can offer an immediate and generous upfront discount by calculating the reduction in energy use and the amount of ESCs due to be generated at the time of quoting, so you don’t have to wait for the ESCs to be processed!
We will explain everything you need to know, provide a free assessment, install your state of the art LED lighting makeover using A grade electrician teams and take care of the paperwork and recycling at no extra cost, meaning you always get the best price and the highest level of service.
Speak to an Incentives Expert
Contact us to receive free advice from one of our incentives experts.
We can help you get the most out of the current government subsidies to reduce your energy costs. All information is tailored your businesses needs and what you want to achieve.