Energy Conservation programmes 37. (1) The Commission shall, in consultation with the Minister, develop energy efficiency and conservation programmes and annual targets, which shall be implemented by all market participants and the Utility. (2) An energy conservation programme may include (a) the conduct of an energy conservation audit (b) the installation of power factor correction equipment; (c) retrofitting of inefficient lamp systems; (d) rebate schemes for energy efficient appliances; and (e) any other energy efficiency measure required to reduce energy losses.