What is "vencorp"

VENCorp ("the Victorian Energy Networks Corporation") 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:

• Independent system operator for the Victorian gas transmission network
• Manager and developer of the Victorian wholesale gas market
• System Planner providing planning services for the gas and electricity industries

VENCorp was succeeded by the Australian Energy Market Operator on 1 July 2009.