Statement: Reviving the SEC

STATEMENT

Response to Victorian Labor’s plan to revive the SEC and bring back and ramp up Victoria’s climate transition targets.

This is a bold energy reform plan.

More government ownership and involvement in energy generation—as proposed by the reviving the State Electricity Commission—should provide extra certainty. It will also rein in corporate profiteering.

Speeding up the pathway to net zero and boosting renewable energy targets is good policy.

If executed properly, this reform plan will put downward pressure on power bills over the longer term, and help combat global warming.

The challenge will be supporting low-income people with any price bumps during the implementation phase, and assisting traditionally coal dependent regions to diversify their local economies.

VCOSS and the Victorian community sector look forward to working with the government on a just transition to net zero.

• This policy has been added to the VCOSS Policy Tracker