Victoria set to re-enter electricity market after setting 95% renewable energy target

Daniel Andrews announces plan to revive State Electricity Commission, which was privatised in the 1990s

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The Victorian government has announced the revival of the State Electricity Commission (SEC) decades after its privatisation, as part of a $1bn spend on renewable energy projects to achieve a 95% of renewable energy target by 2035.

The premier, Daniel Andrews, and environment minister, Lily D'Ambrosio, announced on Thursday that if re-elected in November, Labor will revive the SEC, which will be responsible for building new renewable energy projects.

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