It has been more than a year since we embarked on refreshing the Essential Energy Corporate Strategy. Through our strategy we identify how we can best respond to the rapidly changing environment and contribute to the energy transition.
Our strategy considers the future needs of our customers in regional, rural and remote communities and sets a clear direction for optimal asset investment and use, maintaining affordable network charges and facilitating new ways for customers to connect to our network and use our services.
2022-23 HIGHLIGHTS
- 1st Network battery trial – increasing energy export from rooftop solar to the network
- 4 New large-scale renewable generation facilities connected to the network
- 1st Hydrogen-supported Stand Alone Power System in Australia
- 34 Electric vehicles, and 29 hybrid vehicles in our fleet
The Corporate Strategy consists of four pillars:
- Pillar 1: Strengthen the core and enable the network – continuously improving our tools, systems and processes to better position our business for the rapidly changing energy industry.
- Pillar 2: Drive connections and load – optimising our network and assets to enable more connections, increase energy throughput and build better resilience.
- Pillar 3: Facilitate electric vehicle adoption – actively engaging and supporting customers as they switch to electric vehicles.
- Pillar 4: Enable smart energy communities and new customer solutions – expanding our commercial activities, products and services to support rural and regional NSW through the energy transition.
Strategy progress
Over the past year much has been done to align business activities with the Corporate Strategy. Delivery teams are in place for each pillar to build capabilities and opportunities for the business to progress. We are leading discussions about locating new electric vehicle charging infrastructure and facilitating new generation connections on our network. Our first network battery at Sovereign Hills, near Port Macquarie, is delivering a constant stream of information to help optimise a new asset class.
By creating a subsidiary, Intium, we have taken a first step to providing new services for rural and regional NSW customers.
There remains much to do. Our values and our vision – to ’empower communities to share and use energy for a better tomorrow’ – continue to guide our decision making.