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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'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.

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

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

Our progress

As at 1 January 2026, with more than a gigawatt of committed generation and storage assets, SEC is now over 20% of the way towards our 2035 portfolio target – 4.5 GW of new renewable generation and storage.

SEC returned to retailing on 1 July 2025, servicing the needs of the Victorian Government, which accounts for around 5% of Victoria’s total electricity use.

We're also helping Victorian commercial and industrial businesses, retailing 100% renewable electricity and working with them on renewable energy solutions to lower energy costs, build resilience and reduce emissions.

In 2026, we launched Easy Electric SEC. The online platform gives Victorian households simple and trustworthy information about the process of going electric, including up-front costs, available government rebates, projected bill savings to calculate your return on investment and product recommendations tailored to your needs. Users can also access SEC’s statewide network of endorsed installers to provide detailed quotes and trusted, expert advice..

We’ve also engaged thousands of students and developed a comprehensive student education program to inform, inspire and empower them to take part in the energy transition, giving practical examples of jobs and career pathways.

Our strategic pillars

Invest to accelerate the energy transition

Investing in large scale assets 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.

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 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.

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 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.

Embedding governance principles, policies and processes to ensure the collective support anddecision-making of First Peoples.

Ensuring Victoria’s energy transition preserves, restores and strengthens the rights of Traditional Owners and does not diminish the rights that have been secured to date.