The State Government has reinstated the State Electricity Commission (SEC) for good, enshrining the SEC in Victoria’s Constitution to protect it if there is a change of government. The Labor Government said that the Liberals sold off publicly owned power to private, for-profit companies, sending profits offshore. The Government said enshrining the SEC in the constitution guarantees public ownership of renewable energy assets for the future, giving the SEC the certainty to continue accelerating the renewable energy transition and ensuring all Victorians will benefit. All profits the SEC makes are to be reinvested back into renewable energy projects, supporting a steady pipeline of renewable energy jobs and training opportunities right across Victoria.
