Energex
Encyclopedia
Energex is an Australia
n energy company owned by the Queensland Government
. It is based in Brisbane
and was founded in 1922 as the City Electric Light Co. (CEL). From 1977 to 1997, prior to the formation of the National Electricity Market
(NEM), the company was known as the South East Queensland Electricity Board (SEQEB), the role of which was to provide electricity
to South East Queensland
.
Following the formation of the NEM, the SEQEB was corporatised in 1997, becoming Energex. It established itself as a multi-utility provider, supplying LPG and natural gas
in addition to electricity, and expanded its operations into the southern states, and now supplies gas to New South Wales
and Victoria
.
The current CEO of Energex is Mr Terry Effeney. Energex's head corporate office was previously located at 150 Charlotte Street, Brisbane
. The company has recently finalised relocation to a new purpose built office building adjacent to Breakfast Creek Road, Newstead, at an old gasworks site. Construction works commenced in June 2008 and were completed in the first half of 2010. The street address of ENERGEX's new corporate headquarters is 26 Reddacliff Street, Newstead. It is Queensland's first 6 Greenstar commercial building.
Energex employed 3,800 workers at the end of the 2010 financial year.
Energex Retail Ltd, the Merchant Energy business of Energex Ltd, was sold in a business unit auction to Origin Energy Ltd
for A$1.2 billion. The official hand over took place in February 2007.
Origin Energy purchased a customer base of approximately 800,000 from the New South Wales border to a line just north of the Brisbane River
(mostly following Kedron Brook
), whilst AGL Energy
purchased a customer base of the remaining approximately 400,000 customers north from this line to Gympie and the Sunshine Coast.
Full Retail Contestability from 1 July 2007 allows electricity customers to choose their electricity retailer. About 19 new retailers (including Origin and AGL) have entered into the Queensland market.
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n energy company owned by the Queensland Government
Government of Queensland
The Government of Queensland is commonly known as the "Queensland Government".The form of the Government of Queensland is prescribed in its Constitution, which dates from 1859, although it has been amended many times since then...
. It is based in Brisbane
Brisbane
Brisbane is the capital and most populous city in the Australian state of Queensland and the third most populous city in Australia. Brisbane's metropolitan area has a population of over 2 million, and the South East Queensland urban conurbation, centred around Brisbane, encompasses a population of...
and was founded in 1922 as the City Electric Light Co. (CEL). From 1977 to 1997, prior to the formation of the National Electricity Market
National Electricity Market
The National Electricity Market is the name of the Australian wholesale electricity market and the associated synchronous electricity transmission grid....
(NEM), the company was known as the South East Queensland Electricity Board (SEQEB), the role of which was to provide electricity
Electricity
Electricity is a general term encompassing a variety of phenomena resulting from the presence and flow of electric charge. These include many easily recognizable phenomena, such as lightning, static electricity, and the flow of electrical current in an electrical wire...
to South East Queensland
South East Queensland
South East Queensland is a region of the state of Queensland in Australia, which contains approximately two-thirds of the state population...
.
Following the formation of the NEM, the SEQEB was corporatised in 1997, becoming Energex. It established itself as a multi-utility provider, supplying LPG and natural gas
Natural gas
Natural gas is a naturally occurring gas mixture consisting primarily of methane, typically with 0–20% higher hydrocarbons . It is found associated with other hydrocarbon fuel, in coal beds, as methane clathrates, and is an important fuel source and a major feedstock for fertilizers.Most natural...
in addition to electricity, and expanded its operations into the southern states, and now supplies gas to New South Wales
New South Wales
New South Wales is a state of :Australia, located in the east of the country. It is bordered by Queensland, Victoria and South Australia to the north, south and west respectively. To the east, the state is bordered by the Tasman Sea, which forms part of the Pacific Ocean. New South Wales...
and Victoria
Victoria (Australia)
Victoria is the second most populous state in Australia. Geographically the smallest mainland state, Victoria is bordered by New South Wales, South Australia, and Tasmania on Boundary Islet to the north, west and south respectively....
.
The current CEO of Energex is Mr Terry Effeney. Energex's head corporate office was previously located at 150 Charlotte Street, Brisbane
Charlotte Street, Brisbane
Charlotte Street is a road in the central business district of Brisbane. The street is one of a number that were named after female queens and princesses of the royal family shortly after the penal colony was settled...
. The company has recently finalised relocation to a new purpose built office building adjacent to Breakfast Creek Road, Newstead, at an old gasworks site. Construction works commenced in June 2008 and were completed in the first half of 2010. The street address of ENERGEX's new corporate headquarters is 26 Reddacliff Street, Newstead. It is Queensland's first 6 Greenstar commercial building.
Energex employed 3,800 workers at the end of the 2010 financial year.
Sale
In 2006, the Queensland Government announced plans to privatise the retail arm of the business and its Allgas distribution network in southeast Queensland. The Allgas Distribution Network was sold to Australian Pipeline Trust for $521 million. The electricity distribution network remains in public ownership.Energex Retail Ltd, the Merchant Energy business of Energex Ltd, was sold in a business unit auction to Origin Energy Ltd
Origin Energy
-History:Origin Energy was formed in February 2000, as a result of a demerger from the Australian conglomerate Boral Limited, in which the energy business was removed from the building and construction materials business to form the new company....
for A$1.2 billion. The official hand over took place in February 2007.
Origin Energy purchased a customer base of approximately 800,000 from the New South Wales border to a line just north of the Brisbane River
Brisbane River
The Brisbane River is the longest river in south east Queensland, Australia, and flows through the city of Brisbane, before emptying into Moreton Bay. John Oxley was the first European to explore the river who named it after the Governor of New South Wales, Thomas Brisbane in 1823...
(mostly following Kedron Brook
Kedron Brook
Kedron Brook is a creek that flows through the northern suburbs of Brisbane, Australia. It starts near the outer suburb of Upper Kedron and flows in an easterly direction...
), whilst AGL Energy
AGL Energy
AGL Energy is the largest Australian gas and electricity retailer, with over six million customers. It has large investments in the supply of gas and electricity, and has recently invested in sustainable energy businesses such as wind farms and a hydroelectric power station in Victoria’s High...
purchased a customer base of the remaining approximately 400,000 customers north from this line to Gympie and the Sunshine Coast.
Full Retail Contestability from 1 July 2007 allows electricity customers to choose their electricity retailer. About 19 new retailers (including Origin and AGL) have entered into the Queensland market.