2009

  • Victorian Energy Upgrades program established, offering households and businesses rebates or discounts on energy-saving products, helping to cut power bills.

2014

  • 11% renewable energy generation.

2015

  • Victorian Renewable Energy Targets for 2020 and 2025 announced.

2017

  • Victoria legislates a net zero emissions target with the Climate Change Act 2017.
  • Payment Difficulty Framework developed to protect customers facing payment difficulty.
  • First Renewable Energy Target auction held.

2018

  • Solar Homes Program announced, enabling more Victorians to power their homes with solar and save thousands on energy bills each year.

2019

  • Victorian Default Offer established.

2020

  • Achieved first Victorian Renewable Energy Target of 25%.
  • 27% renewable energy generation.

2021

  • VicGrid established.
  • Second Renewable Energy Target auction held.

2022

  • Gas Substitution Roadmap released.

2023

  • Landmark agreements to transition away from coal-fired power secured.
  • Offshore Wind Energy Victoria established.
  • Offshore Wind Implementation Statement 3 released.
  • SEC, a government-owned renewable energy company, re-established.
  • Gas Substitution Roadmap Update released.
  • Minimum allocation of 800MWh storage secured under the Capacity Investment Scheme’s first pilot.

2024

  • Updated renewable electricity generation targets legislated.
  • Storage targets legislated.
  • Initial allocation of 1.4GW renewable energy generation capacity secured.
  • Suite of reforms introduced for energy efficiency and all-electric new homes.

Current status

  • 38% renewable energy generation.
  • Increase in large-scale solar and wind farms.
  • Growing uptake of energy-efficient electric appliances, rooftop solar, household batteries, and electric vehicles.
  • Stronger energy system through microgrids and neighbourhood batteries.
  • Competitive offshore wind auction process to begin.

Future targets

  • 2025: 28-33% emissions reduction below 2005 levels, 40% renewable electricity.
  • 2030: 45-50% emissions reduction, 65% renewable electricity, 2.6GW energy storage capacity,

Page last updated: 19/08/24