VENCorp
Encyclopedia
VENCorp was responsible for the efficient operation of gas
and electricity
industries in Victoria, Australia. VENCorp, which was established in December 1997, was a Victorian State Government-owned entity within Victoria's privatised energy industries. It was funded by energy industry participants.
VENCorp had major operational, planning and development roles for both gas and electricity. Its key roles were:
VENCorp was succeeded by the Australian Energy Market Operator
on 1 July 2009.
Gas
Gas is one of the three classical states of matter . Near absolute zero, a substance exists as a solid. As heat is added to this substance it melts into a liquid at its melting point , boils into a gas at its boiling point, and if heated high enough would enter a plasma state in which the electrons...
and electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
industries in Victoria, Australia. VENCorp, which was established in December 1997, was a Victorian State Government-owned entity within Victoria's privatised energy industries. It was funded by energy industry participants.
VENCorp had major operational, planning and development roles for both gas and electricity. Its key roles were:
- Independent system operator for the Victorian gas transmission network
- Manager and developer of the Victorian wholesale gas marketMarketA market is one of many varieties of systems, institutions, procedures, social relations and infrastructures whereby parties engage in exchange. While parties may exchange goods and services by barter, most markets rely on sellers offering their goods or services in exchange for money from buyers...
- System Planner providing planning services for the gas and electricity industries
VENCorp was succeeded by the Australian Energy Market Operator
Australian Energy Market Operator
The Australian Energy Market Operator delivers an array of gas and electricity market, operational, development and planning functions. It manages the National Electricity Market and the Victorian gas transmission network. AEMO also facilitates electricity and gas full retail contestability,...
on 1 July 2009.
External links
- VENCorp website (obsolete)
- Energy Safe Victoria Website
See also
- Energy policy of AustraliaEnergy policy of AustraliaEnergy policy of Australia describes the energy policy in the politics of Australia. Energy in Australia describes energy and electricity production, consumption and export/import in Australia...
- Renewable energy commercialization in Australia
- Solar power in AustraliaSolar power in AustraliaAustralia has an estimated 300 MW of installed photovoltaic power , contributing an estimated 0.1 to 0.2% of total electricity production despite the hot and sunny climate that would make it ideal for utilisation...
- Wind power in AustraliaWind power in AustraliaWind power in Australia is a proven and reliable technology that can be and is readily deployed. As of October 2010, there were 52 wind farms in Australia, most of which had turbines of from 1.5 to 3 megawatts...