The passage through Senate of legislation to repeal the Energy Efficiency Opportunities Act 2006 and the Energy Efficiency Opportunities (EEO) program has been welcomed by APPEA.
APPEA Chief Executive David Byers said: “The Australian oil and gas industry has long maintained that the EEO imposed a range of unnecessary administrative and compliance costs on participants that did nothing to enhance energy efficiency. The passage of legislation to repeal the EEO is an important recognition of this fact and is consistent with the Government’s commitment to reduce unnecessary regulatory burdens on Australian industry.”
The EEO required large energy-using businesses to assess their energy use and to identify and report on cost-effective energy savings opportunities.
“Oil and gas companies – and indeed companies in many other industries – already have strong business reasons for minimising their energy use,” Byers said.
As a major energy producer, the APPEA along with its member companies already have broad-ranging energy management policies, systems and measurement indicators that are integral to their operational performance.