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About

Here at SEC, we’re working together to deliver renewable, affordable, reliable energy for all Victorians.

SEC is a government-owned renewable energy company. We are accelerating Victoria’s renewable energy transition by working to deliver renewable, affordable, reliable energy for all Victorians. We’re doing this in three main ways:

  • investing an initial $1 billion to deliver 4.5 gigawatts of renewable energy and storage
  • providing Victorian businesses and industry with retail and wholesale electricity solutions to help them decarbonise
  • supporting households to go all-electric to reduce their energy bills and emissions.

Underpinning all of this is our work to attract and build the renewable energy workforce our energy transition requires.


We were established to deliver 4.5 gigawatts (GW) of new generation and storage by 2035, almost 20% of the 25 GW the Australian Energy Market Operator’s 2024 Integrated System Plan (ISP) estimates that Victoria will need. Since this estimate was reported, our first two projects will deliver 819 MW of this, or almost 20% of our 2035 target.

We're helping to accelerate Victoria’s renewable energy transition by investing in wind, solar and storage, and making it easier for businesses to switch to renewable electricity and decarbonise. On 1 July 2025, for the first time in over thirty years, SEC began powering Victoria again, as the government’s retailer. We achieved this by servicing the needs of the Victorian Government, which accounts for around 5% of Victoria’s total electricity use.

SEC is focusing on having a meaningful impact on Victorians – providing households with trusted, simple information, products and services to help them go electric.

Supporting a renewable energy future

SEC is accelerating Victoria’s energy transition. Our work will help build a more reliable, affordable, renewable energy future and ensure Victorians can access the benefits of the transition. Discover what the future will look like.

Our purpose

Working together for renewable, affordable, reliable energy for all Victorians.

Our vision

Accelerate Victoria's transition to an affordable, reliable, equitable and zero-emissions electricity system that enables decarbonisation across the economy, in partnership with Traditional Owners, the private sector and in coordination with government initiatives.

Our strategic pillars

Invest to accelerate the energy transition

Invest an initial $1 billion to deliver 4.5 gigawatts of renewable energy and storage.

Support the switch to all-electric households

Support households to go all-electric to reduce their energy bills and emissions.

Retail renewable electricity

Provide Victorian businesses and industry with retail and wholesale electricity solutions to help them decarbonise.

Underpinning all of this is our work to attract and build the renewable energy workforce our energy transition requires.

Our values

Uniting

We’ll accelerate an orderly energy transition, bringing together Traditional Owners, investors, public and private sectors, and all Victorians.

Nimble

We’ll be open-minded, pragmatic and value agility in our partnerships, investments and operations.

Fair

We’ll share openly and honestly, earning the trust and support of our partners and the community, and ensuring equity and integrity in what and how we deliver for Victorians.

Our guiding principles

Public purpose

Provide broader benefits to the Victorian community and consumers, including:

  • improving energy affordability and reliability
  • reestablishing public ownership and control of a portfolio of strategic energy assets, with returns reinvested into renewable energy projects for public benefit
  • creating local jobs and maximising local capability
  • supporting underserved and vulnerable customer cohorts
  • building relationships with Victoria’s First Peoples, ensuring we recognise the rights and authority of Traditional Owners

Market enablement

Operate in a way that accelerates the energy transition, by:

  • bringing capital to the transition task, additional to that which would otherwise be delivered
  • maintaining private investor confidence in the Victorian energy market
  • catalysing private sector investment
  • creating and growing new markets, both for SEC and private investors
  • supporting the development of a workforce equipped with the required skills
  • sharing lessons learned where appropriate

Sustainable Financial Returns

Earn a financial return across the portfolio that:

  • enables us to generate cash flow to cover our operating costs within an acceptable timeframe
  • meets risk-adjusted target rates of return, enabling us to reinvest returns in more renewables and storage on behalf of the Victorian people
  • meets the requirements of public non-financial corporation status

In partnership with First Nations People

We are committed to Aboriginal self-determination and have been working with Traditional Owner Corporations to develop a set of principles to guide our operations and relationship with Victoria’s First Peoples. The five guiding principles are:

Recognising, prioritising and embedding the unique knowledge and wisdom of Traditional Owners, which includes caring for and speaking for Country.

Establishing a renewed relationship with First Peoples in Victoria to ensure that First Peoples can share in the benefits of Victoria’s renewable energy transformation.

Empowering Traditional Owners and Victorian Aboriginal communities to identify their evolving aspirations and determine their relationship with the SEC.