Government extends Energy Efficient Opportunities program

Wednesday, June 19th

The federal government’s Energy Efficiency Opportunities (EEO) program, which was designed to encourage large businesses to improve their energy efficiency, is extending.

Launched in 2006, the EEO program was allowed to continue until 2011 as part of the government’s Clean Energy Future package.

The program will now encompass a much wider range of sectors, including mining, manufacturing, oil and gas, and some infrastructure projects.

“To date, the EEO program has helped corporations to increase profitability, productivity and competitiveness by supporting them to better understand their energy use and to identify and implement savings measures,” said Gary Gray, resources and energy minister, in a June 19 statement.

The EEO program gets businesses to identify, evaluate and report on any cost-effective energy saving opportunities they come across during the design stage of a project.

So far, the program has been hugely successful. Mr Gray revealed that this assessment process has the ability to create energy savings of 11 to 50 per cent. An independent review of the program has also demonstrated that businesses can save millions of dollars by adhering to it.

“Companies already participating in the EEO program have reported energy savings of 88.8 petajoules – that represents around 1.5 per cent of Australia’s energy use or over $800 million a year. Now this opportunity is available for new developments,” said Mr Gray.

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