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Home Asset Management

Essential Energy achieves three-year Asset Management certification

by Lauren DeLorenzo
February 11, 2022
in Asset Management, News
Reading Time: 2 mins read
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Essential Energy has received a three-year accreditation certification to ISO 55001, the international standard for developing, implementing and maintaining an asset management system.

The utility achieved the certification with no major or minor nonconformities.

To achieve accredited certification to ISO 55001, Essential Energy had to demonstrate both implementing an Asset Management System, and also how the system is used to help make the best decisions.

Essential Energy Chief Operating Officer, Luke Jenner, said, “The energy industry is experiencing rapid and sustained change in both use and availability of technology and the ways in which our customers demand, and wish to use energy. 

“In anticipating this, asset intensive businesses like ours need an asset management system to provide the coordinated customer-centric asset management activity required. 

“This will ensure our network remains valuable to our customers and other important stakeholders. It’s been a rewarding journey to get external recognition through accredited ISO 55001 certification supporting the way we do asset management.”

Mr Jenner said that with over 183,000km of overhead powerlines and all the interconnecting pieces, it is a big job to manage the assets that serve Essential Energy’s more than 880,000 plus customers across regional New South Wales and parts of Southern Queensland.

“As an electricity network, Essential Energy is responsible for ensuring the services we deliver meet the needs and expectations of our customers, industry, and stakeholders both today and well into the future,” Mr Jenner said. 

“With our network existing in a variety of climates ranging from arid to alpine and everything in between, ensuring the safe operation of our assets while realising value from them for our customers means we need a robust system to manage the full lifecycle of our assets.”

This is a significant achievement for Essential Energy and better asset management outcomes will continue to provide all customers with a safe, reliable, and affordable energy distribution network.

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