Victoria New Energy Site

4 FAQs about [Victoria New Energy Site]

How will Victoria''s New Energy Hub work?

Next year the Hub will start storing excess rooftop solar and surplus energy from the grid, providing extra power at peak times to meet Victoria’s growing demand. It will be connected to three Renewable Energy Zones allowing more energy to connect to the grid – helping to accelerate the energy transition and drive down energy bills.

What percentage of Victoria''s Electricity is produced by renewables?

D’Ambrosio says more than 42 per cent of Victoria’s electricity was produced by renewables in the past financial year, with the state reaching record levels of renewable energy generation. The VTP says that these figures factor in new capacity from already committed projects across the state.

What is Victoria''s energy plan?

“The plan attempts to minimise the area of Victoria required for renewable energy zones and the new transmission infrastructure needed, while also providing project developers and investors with sufficient opportunity to generate the energy we need to power homes, farms, schools, businesses, hospitals and other essential services.”

How much does electricity cost in Victoria?

“Victoria consistently has the lowest wholesale power prices in the country, helping to slash energy bills for families and businesses.” Victorians paid an average wholesale price of $107 per megawatt hour, compared to $151 for NSW, $138 for South Australia, $127 for Queensland and $115 for Tasmania, according to government data.

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