Ergon Energy: Difference between revisions
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| name = Ergon Energy |
| name = Ergon Energy |
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| logo = [[File:Ergon aus logo.jpg|160px]] |
| logo = [[File:Ergon aus logo.jpg|160px]] |
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| caption = |
| caption = |
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| type = [[Government-owned corporation]] |
| type = [[Government-owned corporation]] |
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| genre = |
| genre = |
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| fate = |
| fate = |
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| predecessor = Various electricity boards |
| predecessor = Various electricity boards |
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| successor = |
| successor = |
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| foundation = {{Start date|1999|07|01}} |
| foundation = {{Start date|1999|07|01}} |
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| founder = [[Government of Queensland]] |
| founder = [[Government of Queensland]] |
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| defunct = |
| defunct = |
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| location_city = [[Townsville, Queensland]] |
| location_city = [[Townsville, Queensland]] |
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| location_country = [[Australia]] |
| location_country = [[Australia]] |
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| location = |
| location = |
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| locations = |
| locations = |
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| area_served = [[Queensland]] |
| area_served = [[Queensland]] |
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| key_people = Ian McLeod</br><small>[[Chief Executive Officer|CEO]]</small></br>Malcolm Hall-Brown</br><small>Chairman</small> |
| key_people = Ian McLeod</br><small>[[Chief Executive Officer|CEO]]</small></br>Malcolm Hall-Brown</br><small>Chairman</small> |
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| industry = [[Energy]] |
| industry = [[Energy]] |
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| products = [[Electricity distribution]] |
| products = [[Electricity distribution]] |
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| services = |
| services = |
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| revenue = $2.5 billion (2010/11)<ref>{{cite web|url=http://www.ergon.com.au/__data/assets/pdf_file/0004/52915/Ergon-Energy-Annual-Financial-Statements-2010-11.pdf#page=8|title=Annual Financial Statements for the year ended 30 June 2011|publisher=Ergon Energy|accessdate 30 July 2012}}</ref> |
| revenue = $2.5 billion (2010/11)<ref>{{cite web|url=http://www.ergon.com.au/__data/assets/pdf_file/0004/52915/Ergon-Energy-Annual-Financial-Statements-2010-11.pdf#page=8|title=Annual Financial Statements for the year ended 30 June 2011|publisher=Ergon Energy|accessdate 30 July 2012}}</ref> |
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| operating_income = $450.4 million (2010/11) |
| operating_income = $450.4 million (2010/11) |
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| net_income = $321.6 million (2010/11) |
| net_income = $321.6 million (2010/11) |
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| aum = |
| aum = |
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| assets = $10 billion (2010/11) |
| assets = $10 billion (2010/11) |
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| equity = |
| equity = |
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| owner = [[Government of Queensland]] |
| owner = [[Government of Queensland]] |
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| num_employees = 4,624 (30 June 2011) |
| num_employees = 4,624 (30 June 2011) |
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| parent = |
| parent = |
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| divisions = |
| divisions = |
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| subsid = |
| subsid = |
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| homepage = {{url|www.ergon.com.au}} |
| homepage = {{url|www.ergon.com.au}} |
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| footnotes = |
| footnotes = |
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| intl = |
| intl = |
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}} |
}} |
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'''Ergon Energy''' is a [[Government-owned corporation|corporation]] owned by the [[Government of Queensland]]. It distributes [[electricity]] to Queenslanders outside [[South East Queensland]] through a distribution network and retail activities. |
'''Ergon Energy''' is a [[Government-owned corporation|corporation]] owned by the [[Government of Queensland]]. It distributes [[electricity]] to Queenslanders outside [[South East Queensland]] through a distribution network and retail activities. |
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In 2007 the Queensland Government privatised the retail activities of Ergon, with the sale of approximately 50,000 contestable electricity customers and retailer trading activities to [[AGL Energy|AGL]]. Smaller electricity customers which are not economic continue to be billed by Ergon Energy and the electricity distribution network remains in public ownership. |
In 2007 the Queensland Government privatised the retail activities of Ergon, with the sale of approximately 50,000 contestable electricity customers and retailer trading activities to [[AGL Energy|AGL]]. Smaller electricity customers which are not economic continue to be billed by Ergon Energy and the electricity distribution network remains in public ownership. |
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[[Category:Electric power distribution network operators in Australia]] |
[[Category:Electric power distribution network operators in Australia]] |
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[[Category:Government-owned companies of Queensland]] |
[[Category:Government-owned companies of Queensland]] |
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{{Australia-company-stub}} |
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{{energy-company-stub}} |
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Revision as of 03:19, 14 February 2013
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| Company type | Government-owned corporation |
|---|---|
| Industry | Energy |
| Predecessor | Various electricity boards |
| Founded | July 1, 1999 |
| Founder | Government of Queensland |
| Headquarters | , |
Area served | Queensland |
Key people | Ian McLeod CEO Malcolm Hall-Brown Chairman |
| Products | Electricity distribution |
| Revenue | $2.5 billion (2010/11)[1] |
| $450.4 million (2010/11) | |
| $321.6 million (2010/11) | |
| Total assets | $10 billion (2010/11) |
| Owner | Government of Queensland |
Number of employees | 4,624 (30 June 2011) |
| Website | www |
Ergon Energy is a corporation owned by the Government of Queensland. It distributes electricity to Queenslanders outside South East Queensland through a distribution network and retail activities.
In 2007 the Queensland Government privatised the retail activities of Ergon, with the sale of approximately 50,000 contestable electricity customers and retailer trading activities to AGL. Smaller electricity customers which are not economic continue to be billed by Ergon Energy and the electricity distribution network remains in public ownership.
Ergon Energy was formed in 1999 by the Queensland Government, from the then six regional Queensland electricity distributors and their subsidiary retailer. Today the principal operating companies are Ergon Energy Corporation Limited, as the electricity distributor, and its subsidiary Ergon Energy Queensland Pty Ltd, the electricity retailer.
The distribution business – the ‘poles and wires’ – largely remains a monopoly, and is regulated by the Australian Energy Regulator (AER). The AER sets the revenue Ergon Energy is allowed to collect for our distribution services. These charges are just one of the components that make up the price of electricity.
Ergon Energy’s retailer is only permitted, by legislation, to sell electricity at the Queensland Government’s Notified Prices. The Queensland Competition Authority (QCA) oversees these tariffs. This enables Queenslanders to access the same uniform electricity tariffs, wherever they live, even though the cost to supply may be different. Customers in regional Queensland can choose, however, to purchase their electricity from another retailer in the competitive market – at a price set by that retailer – and still be supplied from Ergon Energy’s distribution network.
Ergon Energy’s other subsidiary is Ergon Energy Telecommunications Pty Ltd, trading as Nexium Telecommunications. This business services Ergon Energy’s communications needs and, as a licensed telecommunications carrier, offers the Queensland marketplace wholesale high-speed data services.
Ergon Energy is also a shareholder in a joint venture with Energex Limited (our south-east Queensland counterpart), SPARQ Solutions Pty Ltd, which provides information and communications technology (ICT) solutions and services to both organisations.
Ergon Energy, as a Queensland Government-owned corporation, supplies electricity to around 700,000 customers across a vast operating area of over one million square kilometres – around 97% of the state of Queensland – from the expanding coastal and rural population centres to the remote communities of outback Queensland and the Torres Strait.
Ergon Energy's electricity network consists of approximately 150,000 kilometres of powerlines and one million power poles, along with associated infrastructure such as major substations and power transformers. Ergon Energy also owns and operates 33 stand-alone power stations that provide supply to isolated communities across Queensland which are not connected to the main electricity grid. Since August 2007, Ergon Energy has owned and operated the Barcaldine gas-fired power station along with its associated infrastructure, which supplies power to the main grid.
Ergon Energy is actively involved in alternative energy generation solutions and is one of Australia's largest purchasers of renewable energy.
Ergon owns the Windorah Solar Farm, a $4,500,000 project completed in December 2008 producing up to 360,000 kWh of electricity a year, reducing the town of Windorah's need for diesel powered generators, and reducing fuel consumption by more than 100 000 litres annually.[2]
See also
References
- ^ "Annual Financial Statements for the year ended 30 June 2011" (PDF). Ergon Energy.
{{cite web}}: Text "accessdate 30 July 2012" ignored (help) - ^ http://www.cleanenergy.qld.gov.au/windorah_solar_farm.cfm