Victoria has a plan to revive the State Electricity Commission.

Victoria says it is making strides in achieving its renewable energy goals by reviving the State Electricity Commission (SEC), an institution privatised in the 1990s. 

Premier Jacinta Allan has outlined a 10-year strategic plan for the SEC, outlining a series of key priorities.

She says the SEC will channel an initial $1 billion into constructing 4.5 gigawatts of renewable energy projects to power 1.5 million homes.

It will also act as a ‘one-stop shop’ to aid Victorians in shifting from fossil fuels to all-electric homes, potentially reducing power bills by up to 60 per cent.

Additionally, the revival of the SEC is projected to generate over 59,000 jobs, including 6,000 traineeships and apprenticeships, by partnering with schools, TAFEs, and universities to train a skilled renewable energy workforce.

The SEC's role will encompass powering government buildings with renewable energy, contributing to the state's ambitious goal of 95 per cent renewable energy by 2035. 

More details are accessible here.