One of Australia\u2019s largest energy providers is sacking almost seven per cent of its workforce as it battles crippling power price rises that are hurting the nation\u2019s households.<\/p>\n
EnergyAustralia has appointed global professional services firm Alvarez & Marsal and plans on cutting about 150 roles across several parts of the business.<\/p>\n
The company, which is owned by Hong Kong-based CLP Group, has struggled with a dwindling customer base, declining earnings and heightened competition in the sector.<\/p>\n
EnergyAustralia\u2019s customer base has fallen by 163,000 accounts since 2022, including about 99,000 in the 12 months ended June.<\/p>\n
The company also plans on closing its Yallourn coal fired generator in 2028.<\/p>\n
A spokesperson confirmed the sackings in a statement to News24.com.au.<\/p>\n
“The energy market is changing quickly and we have brought in outside expertise to test our thinking and learn from what\u2019s worked elsewhere,” the spokesperson said.<\/p>\n
“We are looking at how we\u2019re set up so we can compete well and keep delivering for our customers.<\/p>\n
“Around 150 roles have been impacted to date across our business.”<\/p>\n
EnergyAustralia came under fire earlier this year<\/a> when the consumer watchdog revealed the company failed to uphold the government\u2019s promise of three hours of free electricity during the day.<\/p>\n The Australian Competition and Consumer Commission said EnergyAustralia did not offer eligible households in New South Wales, South Australia and South East Queensland access to a Solar Sharer Offer.<\/p>\n The government scheme was established to help households struggling with power bills, provided they could shift their electricity use to the three-hour free usage period.<\/p>\n EnergyAustralia failed to make the offer available to customers from July 1, instead only implementing it from August 3.<\/p>\n The Solar Sharer Offer provides eligible households with smart metres free electricity usage when solar generation peaks.<\/p>\n The three-hour period runs from 11am to 2pm in NSW and South East Queensland and from 12pm to 3pm in South Australia.<\/p>\n EnergyAustralia will continue offering the Solar Share Offer to consumers and report to the ACCC and the Australian Energy Regulator on its compliance with the scheme.<\/p>\n The retailer will also train staff to assist customers asking about the offer and will publish and maintain a notice on its website.<\/p>\n Read related topics:Australian business<\/a>Energy crisis<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"One of Australia\u2019s largest energy providers is sacking almost seven per cent of its workforce as it battles…\n","protected":false},"author":2,"featured_media":942489,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[64,63,99,509543,164,370862,509544,9618,6091],"class_list":["post-942488","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-au","tag-australia","tag-business","tag-clp-group","tag-economy","tag-energy-company","tag-energyaustralia","tag-job-losses","tag-power"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/942488","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/comments?post=942488"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/posts\/942488\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media\/942489"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/media?parent=942488"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/categories?post=942488"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/au\/wp-json\/wp\/v2\/tags?post=942488"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}