The high-profile body Labor appointed to advise Victoria’s revived State Electricity Commission – whose members included former chief scientist Alan Finkel and ex-Telstra boss Andy Penn – has been disbanded less than a year after it was created.
The disbandment is a blow to the credibility of the commission, which was a surprise announcement during the 2022 election campaign by then-premier Daniel Andrews, who promised it would cut household and business energy bills and shore up supply in the country’s most stretched energy grid. People close to panel members said that while their contracts had come to a natural end, there were also concerns at the SEC’s lack of substance and direction. “It was clearly a pre-election thought bubble,” a source close to the expert panel said.to the SEC to help deliver 4.5 gigawatts of power through renewable energy projects, in which the Victorian government would take a majority stake.
An energy industry insider who was not authorised to speak publicly said the SEC’s purpose was still unclear. “It worked at the election but now you’ve got the industry shaking its head, saying ‘what does this thing do?’,” the person said. “None of the big energy players know what it does. Nothing is happening.
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