Beoefficiency Electricity Regulation

Beoefficiency Electricity Regulation (originally registered as the Beoefficiency Project at the Oxenford Tavern) is an energy efficiency project located in Oxenford, Queensland. The site sits approximately 15km northwest of the Gold Coast CBD and 60km south of Brisbane. It was registered in July 2016. While the specific project area size is not documented as the activities take place within an existing commercial footprint, the suburb of Oxenford is a busy urban and commercial hub famous for its proximity to major Gold Coast theme parks.

The project operates under the Carbon Farming Initiative-Industrial Electricity and Fuel Efficiency Methodology 2015. Energy efficiency projects under this determination generate carbon credits by modifying, installing, removing, or replacing existing energy-consuming equipment to significantly reduce electricity consumption and lower greenhouse gas emissions.

The surrounding Gold Coast region experiences a coastal, humid subtropical climate that is characterized by high summer rainfall and severe storm seasons. The local environmental conditions in Oxenford feature localized pockets of heavy clay soils and alluvial deposits from the nearby Coomera River.

Interestingly, the project was specifically named after the Oxenford Tavern before officially changing its name to Beoefficiency Electricity Regulation in April 2021. At the same time, the project proponent was updated from Beovista Pty Ltd to Beovista Trading Pty Ltd. During its active crediting period, which successfully concluded in July 2023, the project was issued a total of 6,875 Australian Carbon Credit Units (ACCUs). This project is notable as it represents a localized, commercial-scale energy efficiency initiative, a project category that historically accounted for only about 3% of total ACCUs issued nationwide during the 2021-22 financial year.