TasNetworks

Tasmanian Networks Pty Ltd
TasNetworks
State government owned
Industry Public utility
Predecessor Transend Networks, Aurora Energy (distribution)
Founded 1 July 2014 (2014-07-01)
Headquarters Lenah Valley, Tasmania, Australia
Area served
 Tasmania
Services Electricity transmission and distribution, Telecommunications
Owner Government of Tasmania
Website www.tasnetworks.com.au

TasNetworks, the trading name of Tasmanian Networks Pty Limited, is a Tasmanian Government-owned corporation that is responsible for electricity transmission and distribution throughout Tasmania. They also own and operate a telecommunications network throughout the state. TasNetworks is a participant in the Australian National Electricity Market (NEM) that operates an interconnected power system that extends from Queensland to South Australia. Tasmania is connected to the NEM via Basslink.

TasNetworks was formed on 1 July 2014 by the merger of transmission company Transend Networks and the distribution division of Aurora Energy; with the resultant wind-up of Transend Networks, and Aurora Energy becoming a retail-only business[1] and a fall in Tasmanian electricity prices.

TasNetworks also owns and operates a telecommunications business that serves customers in the electricity supply industry and in other industries.

TasNetworks is a regulated monopoly that receives its revenue cap from the Australian Energy Regulator.[2]

The company has two shareholders, the Minister for Energy and the Treasurer of Tasmania.[3]

See also

References

  1. ↑ "Tasmania throws switch on retail energy competition". Australian Broadcasting Corporation. 1 July 2014. Retrieved 17 August 2014.
  2. ↑ "Australian Energy Regulator - TasNetworks". Retrieved 17 August 2014.
  3. ↑ "Corporate governance". TasNetworks. Retrieved 15 July 2016.
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