Author - Shelley Tuicakau

Energy Market Uncertainty Signals The Criticality Of Energy Consumption Management

ERM Power CEO Jon Stretch said today that heightened concerns about energy policy, price and security are a timely reminder to businesses that consumption is the only lever available to them to help control spiralling electricity costs.
Mr Stretch said managing energy consumption through demand side management was the cheapest form of carbon abatement but was lost in the debate because of the focus on the supply side of the energy equation.
“The energy sector is characterised by policy, pricing and…

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ERM Power Appoints Executive General Manager Energy Solutions

ERM Power Limited (ASX: EPW) today announced the appointment of Megan Houghton to its executive team, in the newly created role of Executive General Manager Energy Solutions.
Ms Houghton, a former Telstra Queensland Business Woman of the Year, joins ERM Power from her role as Director-General for the Queensland Department of Tourism, Major Events, Small Business and the Commonwealth Games.
Ms Houghton is a senior executive with 20 years’ experience in consulting, energy and water utilities. She has previously held senior…

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Helping Small Business Cut Electricity Bills

ERM Power Limited (ASX: EPW) is on a mission to reduce electricity “bill shock” by helping small business owners more efficiently manage their electricity costs.
ERM Power Executive General Manager Business Energy Steve Rogers said small businesses were often faced with the challenge of juggling their expenses with their cash flow, and the cost of electricity was often a shock when the bill arrived.
Mr Rogers said that although the cost of electricity was often a large part of businesses’ overall…

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ERM Power Retains Major NSW Government Electricity Contract

ERM Power (ASX: EPW) has successfully extended its electricity sales contract valued at more than $30 million with the New South Wales Government.
The contract covers government departments and agencies across more than 10,000 sites, including emergency services centres, medical facilities and schools.
ERM Power has held this NSW Government contract since July 2013 and has retained the contract for a further 12 months through a review and extension process.
Managing Director and CEO Jon Stretch said winning and retaining this contract…

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ERM Power Acquires Lighting Efficiency Company Lumaled

ERM Power Limited (ASX: EPW) today announced it has acquired Lumaled, a company specialising in energy-efficient lighting for industrial and commercial businesses. The acquisition cost of $3.5M, plus a payment of up to $1.5M which is contingent on first-year earnings, is funded out of cash.
Lumaled develops and distributes LED products throughout Australia. The company’s growth, customer satisfaction and expertise attracted ERM Power which had been actively analysing the lighting market.
In 2015, almost 20% of global energy consumption[1] and 25% of…

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ERM Power Announces Half Year Results

ERM Power Limited (ASX: EPW) today reported underlying EBITDAF1 of $37.9m for the six months to 31 December 2015, a decrease of 15% on the first half of FY2015. Underlying EBITDAF growth of $7.6m in the Australian electricity retailing business was offset by US business investment and the change in contract and operations of the Oakey Power Station, as previously guided.
The Company also announced it has finalised a A$150m, three-year committed surety guarantee facility with Liberty International Underwriters Singapore, and…

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