Aurora Energy
 |
|
| Government-owned corporation | |
| Industry | Energy |
| Founded | 1 July 1998 |
| Headquarters | Hobart, Tasmania, Australia |
|
Key people
|
Rebecca Kardos (CEO) |
| Products | Retailer of electricity and natural gas |
| Revenue |
 A$1.56 billion (2012–13,[1]) |
|
A$84.5 million before tax (2012–13) |
|
| Website | www.auroraenergy.com.au |
Aurora Energy is a state government-owned electricity retailer in Tasmania.
Aurora was formed by the disaggregation of the Tasmanian Hydro Electric Commission (HEC) on 1 July 1998. Formed under the Electricity Companies Act 1997, Aurora is subject to the Corporations Act 2001. The company is wholly owned by the Government of Tasmania, with its two shareholders being the Minister for Energy and Resources, and the Treasurer.
The division of the HEC resulted in the creation of three companies – Hydro Tasmania which generates the power, Transend Networks which transmits it across the state, and Aurora Energy, the distribution and retail arm, which sells and distributes it to customers. This was in anticipation of Tasmania joining the National Electricity Market (NEM), which opened up the market to competitors.
A subsidiary company, Aurora Energy (Tamar Valley) Pty Ltd, trading as AETV Power, owned and operated the Tamar Valley Power Station in northern Tasmania using natural gas that is piped in from Victoria to generate electricity. From 1 June 2013, the power station, its customers and associated contracts have transferred to Hydro Tasmania.
In September 2004, Aurora secured naming rights to Launceston Australian rules football stadium York Park. The stadium was known as Aurora Stadium until 2016, after which the University of Tasmania took over the naming rights.
In late 2005, Aurora began trialling Aurora Pay As You Go, pre-paid electricity to selected areas of Adelaide. This system involved the Payguard meter, known as a smart meter. The official launch of the product, due to the success of the trial, went ahead in May 2007 making Aurora Energy the first electricity retailer to offer the pre-payment option in South Australia. This coincided with the 10-year birthday celebration of Aurora Pay As You Go in the State of Tasmania.
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Wikipedia