January 2021
- Exclusive
- Energy storage
Hydro, Macquarie, Shell in 'game-changer' storage deal
The ability to trade stored energy is expected to become essential to capture revenues from pumped hydro plants and batteries and manage power price volatility.
- Angela Macdonald-Smith
May 2020
France's Total plots entry into electricity retailing
The move will further heighten competition in business electricity retailing after Shell expanded its presence last year through the takeover of ERM Power.
- Angela Macdonald-Smith
November 2019
ERM chief slams energy policy ahead of Shell takeover
ERM Power's Jon Stretch said a range of populist, interventionist moves has replaced any attempt at enduring national energy policy.
- Angela Macdonald-Smith
August 2019
Shell primes for disruption with $617m ERM takeover
Shell's Australian head Zoe Yujnovich said the takeover "aligns with Shell’s global ambition to expand our integrated power business and builds on Shell Energy Australia’s existing gas marketing and trading capability."
- Updated
- Angela Macdonald-Smith and Natasha Gillezeau
- Opinion
- Energy
ERM becomes part of Shell's global power play
Shell's $617 million pitch for a local electricity retailer and generator is part of the oil behemoth's plan to lead the renewable revolution.
- Matthew Stevens
Shell strikes $617m deal to acquire ERM Power
The deal has been agreed at a 43 per cent premium to ERM's closing share price.
- Angela Macdonald-Smith and Natasha Gillezeau
Luminis, UBS score gigs on Shell tilt at ERM Power
Boutique Luminis Partners and law firm Herbert Smith Freehills are advising ERM Power on its proposed takeover by Shell.
- Sarah Thompson and Anthony Macdonald
Global energy giant Shell tables takeover for ERM Power: sources
Trevor St Baker's ERM Power has received a takeover bid from an offshore acquirer, understood to be London-listed energy giant Royal Dutch Shell.
- Sarah Thompson and Anthony Macdonald
May 2019
Power CEOs set Morrison an energy challenge
Power firms are calling on the Morrison government to forge a bipartisan energy and climate policy to unlock private investment in new capacity.
- Ben Potter
April 2019
- Exclusive
- Renewables
ERM Power opens up renewables deals for small customers
The business power retailer intends to offer three-year renewable power purchase contracts, supported by wind and solar plants in NSW and Victoria.
- Angela Macdonald-Smith
March 2019
Energy price: Default market offer rush makes customer confusion 'a certainty'
Power industry and consumer advocates said the Morrison government's decision to regulate a default market offer for electricity prices with only 10 days' consultation was unprecedented and smacked of desperation.
- Updated
- Ben Potter
November 2018
Full itinerary for Corporate Travel's Tony Bellas
Bellas is paid by six different sets of shareholders a collective $860,860 annually for 12 days of work each week, or 624 days of quality output each year. A productive fellow, indeed.
- Updated
- Joe Aston
September 2018
Making money from renewable energy credits? Government only has itself to blame
Energy companies say they're making good money out of the RET and it's the government's fault.
- Updated
- Ben Potter
August 2018
Energy policy guessing game will kill investment, executives warn
The energy policy vacuum makes it harder to justify large investments in new generation needed to stabilise the electricity system, energy and industry executives warned.
- Updated
- Ben Potter
ERM Power to sell US business after full-year loss widens
Business electricity retailer ERM Power will sell its growing but unprofitable US business and focus solely on Australia.
- Updated
- Angela Macdonald-Smith
Consumers to pay for 'last minute' NEG changes, says ERM Power
Energy retailer ERM Power says last-minute changes to the National Energy Guarantee proposed by South Australia could force consumers to pay the price of excessive investments in power generation.
- Updated
- Ben Potter
July 2018
Future grid: Energy users, demand response groups win over Big Power
The Australian Energy Market Commission blocked a rule change to expand demand response two years ago but now proposes to allow aggregators and large energy users to offer demand response in the NEM.
- Updated
- Ben Potter
The NEG won't stop the unstoppable march of renewable energy
The NEG has wide support among power suppliers and customers because it will put a mechanism in place. A future government can bring in a more realistic emissions target.
- Updated
- Ben Potter
June 2018
Plummeting wind and solar costs will ease NEG burden, says expert
Brian Morris, from energy consultancy Schneider Electric, says there will be a lot more wind and solar energy in the National Electricity Market by 2021 because costs continue to fall.
- Updated
- Ben Potter
May 2018
Wood Mackenzie floats radical energy M&A ideas: Shell-AGL tie-up?
Wood Mackenzie has come up with some radical ideas for M&A in the Australian energy space, including a takeover of AGL Energy by Shell and a Wesfarmers-Woodside merger.
- Updated
- Angela Macdonald-Smith