MAD
27/08/2015 10:26
GENERAL
NOT PRICE SENSITIVE
REL: 1026 HRS Energy Mad Limited
GENERAL: MAD: Victorian Energy Efficiency Scheme Extended and Expanded
Media Release 27 August 2015
Victorian Energy Efficiency Scheme Extended and Expanded
The continuation of the Victorian Energy Efficiency scheme, which has been a
major source of sales for energy saving light bulb company Energy Mad, has
been confirmed, along with expanded energy savings targets.
Energy Mad sells energy saving Ecobulbs to customers through State Government
energy efficiency schemes in Victoria, South Australia and the Australian
Capital Territory.
The Victorian Scheme previously had a target of 2 million energy saving
certificates set for 2015, with the scheme set to conclude on 31 December
2015.
In January 2015 the Victorian Government announced a higher target of 5.4
million certificates for 2015, along with a review of the scheme in the first
half of 2015 with a view to further strengthening and extending the scheme.
Earlier this week the Victorian Government announced that it is extending the
Victorian Scheme for five more years, with the target progressively growing
to 6.5 million certificates in 2020.
Energy Mad co-founder and Managing Director Chris Mardon said "we expect this
to assist Energy Mad's growth of LED Ecobulb sales for this scheme".
Energy Mad Chief Executive Officer Paul Ravlich added that "our Australian
customers have indicated strong interest in Energy Mad's new Ecobulb LEDs
that are expected to receive further accreditation in September 2015".
Energy Mad has sold $25 million of its energy saving Ecobulbs through
Australian energy efficiency schemes since 2009.
End CA:00269169 For:MAD Type:GENERAL Time:2015-08-27 10:26:02
