Our business is Energy Our outcome goal: reliable, sustainable and affordable energy services To succeed, we must: Increase the affordability and accessibility of energy services Improve the reliability, security and stability of energy systems Reduce emissions from Victoria’s energy system Increase consumer control over household energy costs Increase jobs and economic development in the energy sector What does success look like? Our targets for 2019-20 include: Increase Victoria’s share energy sourced from renewables 25% Increase the percentage of people who intend to switch after using Energy Compare 50%

We work with the renewable energy industry, electricity networks and retailers, and consumer groups to attract and facilitate investment in renewable energy, support the development of low emission technologies and provide energy services to consumers at least cost.

Increase the affordability and accessibility of energy services

We will:

  • work to increase competitiveness in energy markets and reduce household and business energy costs
  • ensure that energy consumer protections remain effective, particularly for vulnerable members of the community
Outcome measuresResult 18–19Target 1920
Percentage of users of the Victorian Energy Compare website who report a better understanding of their usage costs after using the website 64%60%
Percentage of surveyed users of the Victorian Energy Compare website who report that they plan to switch offers after using the website (BP3 – DOI)49%50%

Improve the reliability, security and stability of the energy system

We will:

  • work towards ensuring that regulatory and governance frameworks drive improved safety outcomes
  • facilitate Victoria leading the transition to a more sustainable energy sector by ensuring regulatory frameworks and institutions remain fit for purpose and by supporting industries, businesses and communities to adopt sustainable energy solutions
Outcome measuresResult 18–19Target 1920
Meet the timelines set for DELWP’s action by the Government Response to the Independent Review of Victoria’s Electricity and Gas Network Safety Framework 100%100%

Reduce emissions from Victoria’s energy system

We will:

  • implement legislation, supporting policies and associated auction schemes to deliver on Victoria’s renewable energy targets and transform Victoria’s large-scale energy generation stock towards renewable energy
  • deliver on the government’s commitment to improving energy efficiency outcomes for Victorian households and businesses
  • implement the New Energy Technologies sector strategy to ensure Victoria is ready for sector transformation and to capitalise on new and developing technologies, including renewable energy and energy storage, and energy efficient products and services
Outcome measures Result 18–19 Target 1920
Progress towards achieving the Victorian Renewable Energy Target (VRET) — 40% by 2025 New measure 25%
Relative share of Victorian energy sourced from renewables 22% 25%
Number of certificates (representing energy and greenhouse gas savings from energy efficiency upgrades) surrendered to meet the Victorian Energy Efficiency Target 6,384,780 6,300,000

Increase consumer control over household energy costs

We will:

  • support the take-up of solar energy in Victorian Homes
  • boost industry development and investment across Victoria
Outcome measures Result 18–19 Target 1920
Number of low-income households accessing solar technologies New measure 46,000

Increase jobs and economic development in the new energy sector

We will:

  • leverage policies which stimulate job creation and economic development, such as delivering on Victoria’s renewable energy targets and setting the Victorian Energy Efficiency targets for 2021 to 2025
  • directly support jobs in the new energy sector through projects and initiatives, such as the $20 million New Energy Jobs Fund, major renewable energy and microgrid demonstration projects, hydrogen investment program, emerging technology projects and energy efficiency programs
Outcome measures Result 18–19 Target 1920
Direct and indirect jobs supported by the state’s renewable energy and energy efficiency targets New measure 4,000 Annualised Employee Equivalent
Construction and ongoing jobs directly supported by new energy projects and initiatives managed by DELWP (excluding Solar Victoria) New measure 1,000 Annualised Employee Equivalent

Page last updated: 29/08/19