This role continued until 1993 when it was disaggregated into generation, transmission and distribution companies that were further split and privatised in the mid to late 90’s. However the Electricity Supply Agreements with Portland and Point Henry aluminium smelters were retained by SECV, which under Vicpower Trading continues as electricity supplier.
SECV is a Victorian Government statutory body that operates under the Electricity Industry Act 2000 (incorporating the Electricity Industry (Residual Provisions) Act 1993), and a Direction from the Treasurer dated 14th November 2001. The Direction covers the scope of energy trading and non-core functions and the establishment of an Executive Committee.