Tasmanian distributor reduces budget and secures reliable supply

摘要

Aurora Energy reduced its capital and operational budgets expenditures by more than $54 million, the Tasmanian distributor and retailer announced in December 2011. Its financial results show operating costs $21.5 million under budget and overall capital expenditure $33 million below budget. Aurora's energy and distribution businesses have undergone considerable change over the past 18 months, with some parts of the business now unrecognisable from their prior state, Aurora Energy CEO Dr Peter Davis said. Its energy business, which incorporates the Tamar Valley Power Station, wholesale energy trading and retail activities, is targeting a reduction in operating costs of $14 million a year and potential productivity gains of more than 20 per cent.