The Essential Services Commission (ESC) is the
economic regulator established by the State
Government of Victoria
The Victoria State Government, also referred to as just the Victorian Government, is the state-level authority for Victoria, Australia. Like all state governments, it is formed by three independent branches: the executive, the judicial, and t ...
, Australia to regulate prescribed essential
utility services supplied by the Victorian electricity, gas, water,
port
A port is a maritime facility comprising one or more wharves or loading areas, where ships load and discharge cargo and passengers. Although usually situated on a sea coast or estuary, ports can also be found far inland, such as ...
s and
rail freight industries and advise or report on aspects of the transport and statutory
insurance
Insurance is a means of protection from financial loss in which, in exchange for a fee, a party agrees to compensate another party in the event of a certain loss, damage, or injury. It is a form of risk management, primarily used to hedge ...
sectors. In 2009, the Commission assumed the administration of the Victorian Energy Efficiency Target scheme.
Economic regulation of Victoria's electricity and gas distribution networks transferred from the commission to the Australian Energy Regulator on 1 January 2009.
The ESC commenced operations as Victoria's independent economic regulator on 1 January 2002, subsuming the Office of the Regulator-General Victoria.
External links
Official Website
Government agencies of Victoria (state)
Economy of Victoria (state)
Regulatory authorities of Australia
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