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, reduce household and business energy costs
  • ensure that energy consumer protections remain effective, particularly for vulnerable members of the community
Outcome measuresResult 20–21Target 2122
Percentage of users of the Victorian Energy Compare website who report a better understanding of their usage costs after using the website 64%65%
Percentage of surveyed users of the Victorian Energy Compare website who report that they plan to switch offers after using the website55%55%
Small business PV panel rebatesNew measure7,500

Improve the reliability, security, and stability of energy systems

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 20–21Target 2122
Progress towards implementing the 42 recommendations from the Independent Review of Victoria’s Electricity and Gas Network Safety Framework 2230 of 42

Reduce the emissions intensity from Victoria’s energy systems

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 20–21Target 2122
Progress towards achieving the Victorian Renewable Energy Target (VRET) — 40% by 2025 69%76%
Relative share of Victorian energy sourced from renewables 28%31%
Number of certificates (representing energy and greenhouse gas savings from energy efficiency upgrades) surrendered to meet the Victorian Energy Efficiency Target 6,500,000 (estimate) 6,700,000

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 20–21Target 2122
Number of Victorian households supported by the Solar Homes program to apply for a rebated solar PV, solar battery, or solar hot water installation63,99688,000
Number of low-income and vulnerable households upgrading inefficient heaters to high efficiency reverse cycle air conditionersNew measure100,000
Electricity generating capacity installed under the Solar Homes program GWh1,178 GWh1,179 GWh
Solar PV, solar battery and solar hot water systems installed under the Solar Homes program63,99688,000

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 20–21Target 2122
Direct and indirect jobs supported by the state’s renewable energy and energy efficiency targets 2,000 2,200
Construction and ongoing jobs directly supported by new energy projects and initiatives managed by DELWP (excluding Solar Victoria) 26,000 124,000

Page last updated: 29/03/23