Essential Energy has been directed to halt its staff restructuring process by the NSW Government.
Essential Energy Interim Chair, Robyn Clubb and Chief Executive Officer, John Cleland, met with NSW Government Ministers to discuss the implications of future job reductions and will now consider alternative options for savings.
Essential Energy will provide information on alternate options for savings to the State Government when finalised and work with the Government to implement its decisions.
Essential Energy’s business is regulated by the AER under the National Electricity Rules. This means it is subject to price controls determined by the AER, with prices set every five years.
Essential Energy believes lower energy prices across regional, rural and remote NSW are in the best interests of our customers and vital to support continued economic growth.
Over the 2014-19 regulatory period Essential Energy delivered a 40 per cent reduction in network charges.