The report, produced by energy modeller Jacobs, was commissioned in response a ‘Business Impact Assessment’, released by the Napthine Government in May 2014 which suggested the benefits from the VEET were limited and recommended closing the scheme in 2015.

The findings from the Business Impact Statement were in contrast to other recent assessments of the VEET and similar schemes, which found that they deliver significant economic benefits, according to Green Energy Trading.

Jacobs found that the Government’s assessment:

  • Potentially underestimated savings from avoided electricity generation costs
  • Excl...