NSW has an energy saving scheme in place for commercial and retail customers. The scheme is designed to lower the greenhouse emissions in to the environment by reducing the amount of carbon generated from electricity; also lowering the energy consumption will prolong the need to build more power plants.
The NSW government and IPART, The Independent Pricing and Regulatory. Have devolved a way to measure the amount of labour that is saved when energy saving activity have taken place, and can issue these savings in the form of carbon credits. Carbon credit can then be trade to energy retailers via approved trading organisations.
The NSW government has also caped the amount of electricity that can be brought at a disconnect rate, and one way to overcome the cap is to purchase carbon credits which enables the energy retailer to purchase more disconnect electricity to on sell to the consumer.
Some Activates that are taking place to save electricity are swapping halogen down lights for compact and LED down lights in many case this activity will generate enough carbon credit to cover the supply and installation of the new light fittings, replacing old 36w florescent fittings to new electronic 28w fluorescent lamps and installing light control such as timer and movement sensors.