State Electricity Commission of Victoria
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The Electricity Commissioners were established by an act of parliament in 1918[#endnote_<1>] and became the State Electricity Commission (known as the SEC, or SECV) in 1921[#endnote_<2>]. The Commission ultimately controlled electricity generation, transmission and distribution throughout the state of Victoria with the exception of some inner urban areas of Melbourne which had their own council controlled distribution companies known as Municipal Electricity Undertakings (MEUs)
In 1994 and 1995, the Kennett Government privatised the SEC. The Commission was disaggregated into 14 different companies, absorbing the MEUs in the process, all of which were subsequently corporatised. The resultant 7 generation, 5 distribution and 1 transmission companies went through the privatisation process which saw them all sold. The only portion remaining in government hands being the wholesale market operator.
Currently, a department of the Government of Victoria - the Essential Services Commission - is responsible for the regulation of the state's electricity providers.
Sources
- ↑ Electricity Commissioners Act 1918 (No.2996)
- ↑ State Electricity Commission Act 1920 (No.3104)
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