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 measures | Result 18–19 | Target 19–20 |
|---|---|---|
| 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 measures | Result 18–19 | Target 19–20 |
|---|---|---|
| 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 19–20 |
|---|---|---|
| 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 19–20 |
|---|---|---|
| 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 19–20 |
|---|---|---|
| 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