The Victorian government has set out an ambitious agenda consisting of projects such as establishing Renewable Energy Zones, the development of offshore wind, battery storage targets, and energy efficiency and electrification of households and businesses. A balance of renewable energy generation and storage will be required to replace retiring coal-fired power stations and ensure Victoria's electricity system is affordable, reliable, safe, and sustainable. Actions include: Building energy storage – like the Victorian Big Battery – to help provide. is a Research Centre focussing on policy challenges in energy in Australia, with a particular focus on Victoria. The VEPC's core research discipline is economics, but we encourage collaboration between experts from different academic traditions. We combine academically rigorous research and. Households We're making it easy to reduce energy bills by switching to electric Businesses Energy solutions to the Victorian Government and other businesses in Victoria Investments Investing to deliver in new renewable energy generation and storage. 3 billion over 10 years at a cost of $3. 5 billion if all new and existing dwellings were electrified. If implemented by 2026, these measures. Victorian households could save $6.