State Electricity Commission of Victoria
The State Electricity Commission of Victoria (SEC, SECV or ECV) is a government-owned renewable electricity investment enterprise in Victoria, Australia. Originally a major energy supplier in the state, the SEC was privatised in the 1990s before being revived in 2023 to invest in renewable energy and storage.
| Company type | State Owned Enterprise |
|---|---|
| Industry | Electricity |
| Founded | 1918 |
| Headquarters | Melbourne, Victoria |
Area served | Victoria |
Key people | Chris Miller - Chief Executive Officer |
| Website | secvictoria |
It was set up in 1918, and by 1972 it was the sole agency in the state for electricity generation, transmission, distribution and supply. Control of the SEC was by a Board of Commissioners appointed by the Victorian Government. After 1993, the SEC was disaggregated into generation, transmission and distribution companies, which were further split and then privatised in the mid to late 1990s. However, electricity supply agreements with the Portland and Point Henry aluminium smelters were retained by SEC, which continued as their electricity supplier.
During the 2022 state election campaign, Victorian Premier Daniel Andrews pledged to revive the SEC as a government owned entity. In the 2023/24 state budget, an initial $1 billion was invested in the SEC to revive the agency as an active energy market participant and begin a process of investing in renewable energy and storage projects. A CEO and expert advisory panel was also appointed.