Note for program participants - The Energy Efficiency Opportunities program website has moved and can now be found at www.energyefficiencyopportunities.gov.au
The Australian Government's Energy Efficiency Opportunities program is a legislative program which encourages large energy-using businesses to improve their energy efficiency.
Corporations that use more than 0.5 petajoules (PJ) of energy (equivalent to 10,000 households) must undertake rigorous energy efficiency assessments, identify opportunities with a four year payback or less, and report publicly on their business response.
Corporations are required to address an assessment framework which includes six key elements relating to: leadership; people; information, data and analysis; opportunity identification and evaluation; decision making; and communication of outcomes.
There are more than 300 corporations registered for the Energy Efficiency Opportunities program. Participating corporations are responsible for approximately 60 percent of the total amount of energy used in Australia.
At the end of 2011, companies reported they are implementing energy savings of 88.8 petajoules per annum. This represents savings of over $800 million a year, around 1.5 per cent of Australia's total energy use, or 8.21 Million tonnes of CO2 equivalent in reduced emissions.
An independent review released in 2013 found the EEO program has been very effective in addressing information barriers and improving corporations' capability to identify and evaluate energy efficiency opportunities. The independent review found that approximately 40 per cent of reported savings have occurred due to corporations' involvement in the program.
The independent review did, however, make some recommendations to change program requirements to reduce compliance and reporting burden while maintaining and improving outcomes. The Department is implementing a series of regulation changes to address these recommendations.
For more information about the Energy Efficiency Opportunities program