Victoria’s State Electricity Commission (SEC) has launched a new suite of renewable energy products designed to help businesses reduce energy costs, improve resilience and lower emissions.
The offering provides Victorian businesses with access to 100 per cent renewable electricity solutions backed by SEC’s own renewable generation and storage portfolio. Products include fixed-price and multi-period time-of-use arrangements that encourage customers to consume electricity when renewable generation is abundant and wholesale energy prices are lower.
The package also includes power purchase agreements and retail products that allow businesses to secure longer-term renewable energy supply contracts.
In addition to these offerings, SEC is developing a Virtual Power Plant that will reward participating customers for reducing electricity use during peak demand periods, shifting consumption patterns and optimising assets such as rooftop solar systems and battery storage.
The new products build on SEC’s entry into the retail electricity market in July last year. Since then, the organisation has supplied renewable electricity to around 4,300 Victorian Government sites and now services approximately five per cent of the state’s total electricity consumption, including schools, hospitals and significant parts of Victoria’s transport network.
SEC said the latest offering is intended to address a gap in the market by providing small and medium-sized businesses with access to renewable energy products and practical tools to manage energy consumption more effectively.
The initiative is being delivered by a team with expertise across retail, wholesale and distributed energy markets.
SEC general manager customer Suzanne Retschko said the organisation’s approach differs from traditional energy retailers.
“Unlike traditional energy retailers, success for SEC is working with our Victorian business customers to not only transition to renewable energy, but ultimately optimise energy consumption, lowering energy costs and building resilience over time,” she said.
“At SEC, we don’t just offer off-the-shelf products. We work with our business partners to understand how their site operates, where energy is used, and what matters to their business – cost, resilience, and sustainability.”
Ms Retschko said the products were designed to give businesses affordable and straightforward pathways to renewable energy while helping them manage costs over the long term.
The launch comes as businesses across Australia face ongoing pressure from energy prices and increasing expectations around emissions reduction. By combining renewable supply contracts with demand management solutions, SEC aims to help Victorian businesses gain greater control over both energy use and operating costs.
