{"id":31053,"date":"2025-07-01T23:07:53","date_gmt":"2025-07-01T23:07:53","guid":{"rendered":"https:\/\/northmoregordon.com\/?post_type=grants&#038;p=31053"},"modified":"2025-07-21T04:57:34","modified_gmt":"2025-07-21T04:57:34","slug":"victorian-energy-upgrades-game-changing-update","status":"publish","type":"grants","link":"https:\/\/northmoregordon.com\/grants-and-programs\/victorian-energy-upgrades-game-changing-update\/","title":{"rendered":"Victorian Energy Upgrades: Game-Changing Update"},"content":{"rendered":"\n<p>The&nbsp;<strong>Victorian Energy Upgrades (VEU) Project-Based Activities<\/strong>&nbsp;just got a major overhaul \u2013 and it\u2019s good news for anyone planning (or already delivering) large energy-saving projects in Victoria.<br><br><strong>What\u2019s new?<\/strong><br>The Measurement &amp; Verification (M&amp;V) Specifications now include five Specified Measurement Methods (SMMs) designed to&nbsp;<strong>fast-track certificate creation<\/strong>&nbsp;and slash project admin:<br><br>1. SMM 1 \u2013 Weather-normalised whole-of-site electricity: fixed approach for projects where electricity use swings with the seasons.<br>2. SMM 2 \u2013 Weather-normalised whole-of-site gas: the gas equivalent of SMM 1, letting winter-heavy gas users unlock VEECs faster.<br>3. SMM 3 \u2013 Retrofit isolation for non-seasonal motors &amp; rotating equipment: a streamlined path for drives, pumps, compressors and similar kit that run year-round.<br>4. SMM 4 \u2013 Direct measurement of behind-the-meter solar PV: finally, a purpose-built route for solar projects to claim VEECs without complex modelling.<br>5. SMM 5 \u2013 Electrification direct measurement: simplifies fuel-switching projects (e.g. gas-to-electric heat pumps) by focusing on the new electric load rather than old gas data.<br><br>Together, these SMMs align PBA even closer with NABERS and international best practice while keeping enough rigour to satisfy auditors.<br><br><strong>Why act now?<\/strong><br>VEEC prices remain well above long-term averages \u2013 trading in the mid-$90s after peaking above $110 late last year. Even with recent volatility, projects are still realising record incentives.<br><br><strong>What this means for you<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Existing projects: you may be able to switch to an SMM and cut submission times.<\/li>\n\n\n\n<li>Planned upgrades: simpler methods reduce risk and bring forward cashflow.<\/li>\n\n\n\n<li>Solar &amp; electrification: brand-new, purpose-built methods remove historical headaches.<\/li>\n<\/ul>\n\n\n\n<p><strong>Need help navigating the changes?<\/strong><br>Northmore Gordon\u2019s M&amp;V and certificate trading specialists can be accessed via the AMPC Grants Helpline to assist you to:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Map your project to the optimal SMM,<\/li>\n\n\n\n<li>Model VEEC revenue under current market pricing, and<\/li>\n\n\n\n<li>Manage end-to-end compliance and trading.<\/li>\n<\/ul>\n","protected":false},"featured_media":30757,"template":"","grant-status":[227],"grant-location":[230],"state":[261],"grant-type":[263],"class_list":["post-31053","grants","type-grants","status-publish","has-post-thumbnail","hentry","grant-status-open","grant-location-australia","state-victoria","grant-type-grants-and-program"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.3 (Yoast SEO v25.5) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Victorian Energy Upgrades: Game-Changing Update - Northmore Gordon<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/northmoregordon.com\/grants-and-programs\/victorian-energy-upgrades-game-changing-update\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Victorian Energy Upgrades: Game-Changing Update\" \/>\n<meta property=\"og:description\" content=\"The&nbsp;Victorian Energy Upgrades (VEU) Project-Based Activities&nbsp;just got a major overhaul \u2013 and it\u2019s good news for anyone planning (or already delivering) large energy-saving projects in Victoria. 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