Author - Shelley Tuicakau

ERM Power Announces Renewables Offtake Agreements

ERM Power today announced it has reached agreement on commercial terms that will underpin the construction of two renewable energy generation assets in Australia. The two facilities will have a combined capacity of more than 300MW.
The foundation contracts for the purchase of Large-scale Generation Certificates (LGCs) have been the subject of negotiation with developers since mid-2016 and will commence in 2018. Project details remain commercial in confidence until the respective projects reach financial close, and are subject to standard…

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February 23, 2017 Media Release
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Taking The Heat Out Of Summer Energy Bills

Beenleigh School Program slashes power bills.
As large parts of Australia swelter through the latest heatwave, energy expert ERM Power is urging schools and businesses to consider a number of energy saving initiatives that will help take the sting out of their power bills.
“We know from our many years of working with schools and large commercial and industrial sites that summer is traditionally a very expensive time for them. Unfortunately, extreme weather conditions like those we’re seeing this week will…

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February 13, 2017 Media Release
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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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November 4, 2016 Media Release
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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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October 6, 2016 Media Release
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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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May 27, 2016 Media Release
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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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April 18, 2016 Media Release
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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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March 8, 2016 Media Release
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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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February 25, 2016 Media Release
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