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 measures | Result 20–21 | Target 21–22 |
|---|---|---|
| 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 website | 55% | 55% |
| Small business PV panel rebates | New measure | 7,500 |
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 measures | Result 20–21 | Target 21–22 |
|---|---|---|
| Progress towards implementing the 42 recommendations from the Independent Review of Victoria’s Electricity and Gas Network Safety Framework | 22 | 30 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 20–21 | Target 21–22 |
|---|---|---|
| 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 20–21 | Target 21–22 |
|---|---|---|
| Number of Victorian households supported by the Solar Homes program to apply for a rebated solar PV, solar battery, or solar hot water installation | 63,996 | 88,000 |
| Number of low-income and vulnerable households upgrading inefficient heaters to high efficiency reverse cycle air conditioners | New measure | 100,000 |
| Electricity generating capacity installed under the Solar Homes program GWh | 1,178 GWh | 1,179 GWh |
| Solar PV, solar battery and solar hot water systems installed under the Solar Homes program | 63,996 | 88,000 |
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 20–21 | Target 21–22 |
|---|---|---|
| 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