The state government has unveiled its strategic plan to boost renewable energy and transition away from fossil fuels. It's centred on reviving the state electricity commission.
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00:00 The rebooted State Electricity Commission has three main priorities.
00:06 Firstly, investment.
00:07 The SEC will have $1 billion to spend on more infrastructure to generate wind and solar
00:13 energy as well as batteries to store power.
00:16 That and other existing government projects are expected to generate around 6.7 gigawatts
00:21 of electricity.
00:23 And the aim is to fully power all government institutions including public hospitals, schools
00:28 and police stations.
00:30 And it will be the SEC that will be providing that 100% electricity supply, all renewables
00:37 by 2025.
00:38 The government also wants the SEC to effectively be a retailer to supply power to industrial
00:44 and commercial customers, competing directly with other providers.
00:48 It's a little bit like, you know, what would Collingwood and Brisbane say if the AFL decided
00:53 they didn't like the way the game played and they put their own team on the field.
00:56 That doesn't, you know, the other competitors would like that very much.
00:59 This plan's been hailed by proponents including billionaire Mike Cannon-Brooks.
01:04 But what does this mean for households and the hip pocket?
01:07 At this stage there is nothing new.
01:09 The SEC won't be selling power directly to households.
01:12 So its second priority is to simply advise and inform Victorians on how we can fully
01:17 electrify our homes with efficient appliances and using existing rebates to buy solar panels
01:23 and heat pump hot water systems.
01:25 Even existing homes right now, if they become all electric, that with solar they can take
01:32 60% off their energy bills every year.
01:35 It will be supporting customers through the degasification and electrification program
01:40 in Victoria and that is something that has to be done.
01:43 And the third priority, jobs.
01:44 The SEC's plans need a big workforce and the government is promising to create nearly
01:50 60,000 direct jobs.
01:52 [BLANK_AUDIO]