An active approach to asset performance management has enabled the Group to create and transact $470,379 in Energy Savings Certificates (ESCs) through its first year of participation in the NSW Energy Savings Scheme.
The government scheme is administered by the NSW Independent Pricing and Regulatory Tribunal, which aims to reduce electricity consumption by creating financial incentives for businesses to invest in energy saving projects. Participants create and transact ESCs based on each megawatt/hours of electricity saved.
Dexus has generated ESCs through the implementation of energy efficiency measures including upgrades to building services plant and equipment and proactive management of building operations.
The annual income from ESCs is in addition to the $5.3 million in energy savings already achieved across the Group office portfolio through the NABERS program. The Group expects to claim further savings annually until the scheme concludes in 2020.