Victoria’s SEC has announced a suite of new renewable energy products available to Victorian businesses which are backed by its own portfolio of renewable generation and storage.
These products include fixed-price, multi-period time-of-use solutions that reward customers for using electricity when renewable energy is abundant and wholesale prices are lowest.
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SEC’s offering also includes power purchase agreements (PPAs), and other retail solutions that enable customers to lock in longer term renewable energy supply contracts.
SEC is also developing a Virtual Power Plant that rewards customers for reducing energy use during peak periods, shifting demand and optimising onsite assets such as rooftop solar and battery storage.
The new products follow SEC’s entry into the retail electricity market last July when it began retailing 100% renewable electricity to around 4,300 Victorian Government sites. SEC now services around 5% of Victoria’s total electricity use, powering schools, hospitals and much of the state’s transport network.
SEC general manager customer Suzanne Retschko said SEC’s Victorian business retail offer was unique.
“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.
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“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.”
