VEECs are Victorian Energy Efficiency Certificates, created through the Victorian Energy Upgrades program, administered by the Essential Services Commission. Aggregators sit between the people who create them and the retailers who need them.
What an aggregator does
- Buys VEECs from accredited providers, often at a published rate.
- Handles registry transfers and compliance paperwork.
- Pools volume and sells to liable retailers.
- May offer pre-checks on evidence before claims are lodged.
The difference between an aggregator and a broker is explained in aggregator vs broker, and the logic is the same for VEECs as for STCs.
Why use one
A small provider with a few jobs a week does not have the volume to negotiate with retailers or the time to chase payment. An aggregator turns certificates into cash on a known timeline.
What to compare
| Item | What to ask |
|---|---|
| Rate | Published, and what is the lock point? |
| Timing | Days from complete claim to cash |
| Fees | Any deductions, listed |
| Evidence | Who checks it, and what happens if a claim fails |
| Terms | Exclusivity, minimums and exit |
VEECs currently trade at a high level, roughly $85 to $95 at the time of writing, as covered in why VEEC prices are so high. With more money per job, expect more scrutiny of evidence.
Signs of a good buyer
A good VEEC buyer publishes a rate, pays on a known timeline, explains how it checks evidence, has a named person you can call, and is open about fees. They tell you when a claim has a problem and why. They are also happy to give a worked example and a trial claim. If you find one with all of those traits, you do not need to shop around more than once or twice a year.
What this means for installers
If you deliver heat pumps, hot water or other VEEC activities, pick a buyer you can call. Our VEEC trading page explains how we buy, pricing lists rates, and how it works covers settlement. See also choosing a certificate trader and the Partner Program.