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STCs ex GST price $36.45 (0-3 day payment)

VEEC ex GST price $55.00

ESCs ex GST price $18.70

Need to process your VEECs? Greenbank, more than money.

Ready to trade your VEECs



Speak to us and we’ll talk you through the process

1300 473 362


What is a VEEC?

Victorian Energy Efficiency Certificates (VEECs) are electronic certificates created in accordance with the Victorian Energy Efficiency Target Act 2007 (VEET Act). They encourage the uptake of energy efficient technology and play an important role in achieving the Victorian government’s target of reducing greenhouse gas emissions from households.

How do I claim payment for my VEECs?

The Greenbank VEEC Assignment form must be completed. Forms can be downloaded at All information requested on the form must be provided as it is required by the ESC for the creation of VEECs. Supporting documentation must be provided with the form to complete your claim. A copy of the plumbing certificate of compliance and a copy of the invoice from the installer/supplier must be provided with the VEEC form. Claims cannot be processed without copies of both supporting documents.

If the system is owned by a business, GST is payable on the VEEC transaction, thus a Tax Invoice needs to be provided to Greenbank for payment to be made.

What is the value of a VEEC?

The financial value of a VEEC is dependent on the supply of and demand for VEECs. As a result this value can be variable from day to day as a VEEC is a tradable commodity. The price is determined on the day Greenback receives complete and correct forms. Our daily price is available at:

Is my system eligible for VEECs?

VEECs can only be created from prescribed activities undertaken on or after 1 January 2009 and before 1 January 2030. An old system, capable of working, must be decommissioned and a new, registered product installed. For the complete list of activities and registered products visit:

How many VEECs am I eligible to create?

The Essential Services Commission regulates the creation of VEECs and has calculators available on their website to assist in determining the number of eligible VEECs.

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1300 473 362