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ERM Power was founded by Trevor St Baker as a boutique energy consultancy advising state, federal and international governments and large corporations. ERM Power set up its first office on Eagle St in Brisbane.
In 1996, ERM Power acquired its first power project - the 300 MW Oakey Power Station. This was the first tender involving the private sector and public utilities in Queensland. In 1998, ERM Power acquired 1000 acres of land at Braemar, 40 km south west of Dalby at the intersection of the Roma to Brisbane Gas Pipeline, with a vision that Braemar would be the future energy hub for South-East Queensland. 1998 also saw the deregulation of the Queensland wholesale electricity market.
2000 - 2007
Between 2000 and 2007, ERM Power commenced five gas-fired power station projects.
- 300MW Oakey Power Station
- 450MW Braemar Power Station
- 320MW Kwinana Power Station
- 640MW Uranquinty Power Station
- 330MW Neerabup Power Station
- 450MW Braemar 2 Power Station
In 2007, ERM Power also established its gas exploration business “ERM Gas” in August 2007 with an exploration farm-in to acreage in NSW and WA.
ERM Power launched its electricity retailing business “ERM Power Retail” in January 2008. In the first six months, more than 100 major customers and more than $300m in contracted sales were signed.
ERM Power exceeded prospectus forecasts for revenue and ERM Sales achieved 138% growth in earnings. ERM Power signed a Gas Sale Agreement with Alcoa in Western Australia for gas supply from its Red Gully‐1 gas and condensate well. In 2011, ERM Power also acquired a controlling interest in the 332MW gas-fired Oakey power station.
ERM Power became the fourth largest electricity retailer in the National Electricity Market by load. ERM Power’s sales business launched the ERM Business Energy brand.
ENTERING NEW MARKETS
ERM Power commenced retailing to the small and medium enterprise (SME) market. ERM Power moved its Brisbane head office to 111 Eagle St, the site of its original office in 1980. In 2013, ERM Power opened a Melbourne office, adding to its Brisbane, Sydney, Perth and Hobart operations.
ERM Business Energy became Australia’s second largest retailer to large business customers by volume of electricity sold. The Powermetric Metering business was established, offering ERM Business Energy customers a new high-quality option for their metering service provision.
With the acquisitions of Greensense and Lumaled, ERM Power further strengthens its expertise in energy solutions for businesses managing their energy consumption in a rapidly changing energy landscape.