Market Update | 2 May 2025

Ecovantage News , Energy Certificates , Energy Efficiency Products & Tech , Energy Schemes , For Your Business , Market Update ,

Written by BenLumley 05 May,2025

Coalition costings reveal intent for nuclear over renewables
IPART & VEU to split water heating product registration process

Coalition Preference Nuclear over Renewables

On Thursday, the Coalition revealed their costings for their election policies – indicating a strong rollback on investment in renewables and strong support for investment in nuclear power plants.

If elected, the Coalition has committed to deliver over $36 billion in equity investments for nuclear through to 2035 to assist with the buildout of projects between 2030 and 2050. This comes at the expense of Labor policies like the Cheaper Home Batteries Program and government bodies like the Net Zero Economy Agency.

Both parties are vying for voters ahead of the Federal Election set to be held on Saturday, 3 May 2025.

IPART and VEU Discontinue Joint Product Application Process

IPART and the VEU have announced the joint product application process has been discontinued due to different administrative, product and safety requirements in the Energy Security Safeguard (ESS) schemes and Victorian Energy Upgrades program (VEU).

Previously, hot water product applicants would submit product application requests through the VEU’s product registration process and could also nominate registration under the ESS.

Both regulatory bodies have confirmed they will continue to collaborate to streamline processes as much as possible.

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).