‹ Back to All Infratil News
Infratil Email Update Victoria Electricity
14 Aug 2008
Infratil Email Update
14 August 2008
Infratil Email Updates are sent to interested shareholders, analysts, brokers and other parties who have registered their interest on http://www.infratil.com
At the end of July, billable customer numbers reached 350,000 (up from 286,000 at the end of 2007/08 financial year). This figure includes a significant number of Queensland customers acquired over the course of this calendar year. However, growth was curtailed in Queensland at the beginning of June shortly after retail benchmark price caps were set at levels well below those required to recognise the significant increases in wholesale energy and network charges. Customer numbers in South Australia have also remained steady due to elevated wholesale energy prices. Growth efforts are currently focused on Victoria where the conditions for profitable competition are best, albeit that growth is harder in this market due to the maturity of competition and efforts of other retailers to acquire and retain customers.
The Federal Government recently released a Green Paper on its proposed Carbon Pollution Reduction Scheme (a cap and trade system). While there are many details to be worked through, there has been initial recognition that retail price caps will need to be addressed as part of the implementation of the scheme.