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Lumo Energy
Lumo Energy is an Australian energy retailer operating in Victoria and South Australia, which has been wholly owned by Snowy Hydro since 2014. The business offers electricity and gas packages in Victoria and South Australia. As of October 2017, the business had almost 500,000 customers and a workforce of just under 500 people. History Infratil registered as Victoria Electricity in 2002 and secured an electricity retail licence for the state of Victoria in August 2002. Victoria Electricity commenced retailing electricity in February 2004. On 1 October 2002, the gas market in Victoria was opened to new gas retailers and full retail contestability for gas customers was introduced, enabling gas retailers to seek customers statewide. Victoria Electricity applied for and obtained a licence for gas retailing in Victoria in December 2004 and commenced gas retailing in early 2005. In May 2005, Infratil also registered South Australia Electricity and Queensland Electricity, and New South ...
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Queensland Electricity
Lumo Energy is an Australian energy retailer operating in Victoria and South Australia, which has been wholly owned by Snowy Hydro since 2014. The business offers electricity and gas packages in Victoria and South Australia. As of October 2017, the business had almost 500,000 customers and a workforce of just under 500 people. History Infratil registered as Victoria Electricity in 2002 and secured an electricity retail licence for the state of Victoria in August 2002. Victoria Electricity commenced retailing electricity in February 2004. On 1 October 2002, the gas market in Victoria was opened to new gas retailers and full retail contestability for gas customers was introduced, enabling gas retailers to seek customers statewide. Victoria Electricity applied for and obtained a licence for gas retailing in Victoria in December 2004 and commenced gas retailing in early 2005. In May 2005, Infratil also registered South Australia Electricity and Queensland Electricity, and New S ...
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South Australia Electricity
Lumo Energy is an Australian energy retailer operating in Victoria and South Australia, which has been wholly owned by Snowy Hydro since 2014. The business offers electricity and gas packages in Victoria and South Australia. As of October 2017, the business had almost 500,000 customers and a workforce of just under 500 people. History Infratil registered as Victoria Electricity in 2002 and secured an electricity retail licence for the state of Victoria in August 2002. Victoria Electricity commenced retailing electricity in February 2004. On 1 October 2002, the gas market in Victoria was opened to new gas retailers and full retail contestability for gas customers was introduced, enabling gas retailers to seek customers statewide. Victoria Electricity applied for and obtained a licence for gas retailing in Victoria in December 2004 and commenced gas retailing in early 2005. In May 2005, Infratil also registered South Australia Electricity and Queensland Electricity, and New S ...
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New South Wales Electricity
Lumo Energy is an Australian energy retailer operating in Victoria and South Australia, which has been wholly owned by Snowy Hydro since 2014. The business offers electricity and gas packages in Victoria and South Australia. As of October 2017, the business had almost 500,000 customers and a workforce of just under 500 people. History Infratil registered as Victoria Electricity in 2002 and secured an electricity retail licence for the state of Victoria in August 2002. Victoria Electricity commenced retailing electricity in February 2004. On 1 October 2002, the gas market in Victoria was opened to new gas retailers and full retail contestability for gas customers was introduced, enabling gas retailers to seek customers statewide. Victoria Electricity applied for and obtained a licence for gas retailing in Victoria in December 2004 and commenced gas retailing in early 2005. In May 2005, Infratil also registered South Australia Electricity and Queensland Electricity, and New S ...
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Privately Held Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ...
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Snowy Hydro
Snowy Hydro Limited is an electricity generation and retailing company in Australia that owns, manages, and maintains the Snowy Mountains Hydro-electric Scheme which consists of nine hydro-electric power stations and sixteen large dams connected by 145 kilometres (90 mi) of tunnels and 80 kilometres (50 mi) of aqueducts located mainly in the Kosciuszko National Park. Snowy Hydro also owns and operates two gas-fired power stations in Victoria and one in New South Wales, three diesel power stations in South Australia and owns two electricity retailing businesses, Red Energy and Lumo Energy. The company is owned by the Government of Australia and whilst not a statutory corporation, is established by the ''Snowy Mountains Hydro-electric Power Act 1949 (Cth)''. Prior to its incorporation under the ''Corporations Act 2001 (Cth)'', the company was previously known as Snowy Mountains Hydro-electric Authority. Generating assets The company manages the Snowy Mountains Scheme wh ...
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Victoria (Australia)
Victoria is a state in southeastern Australia. It is the second-smallest state with a land area of , the second most populated state (after New South Wales) with a population of over 6.5 million, and the most densely populated state in Australia (28 per km2). Victoria is bordered by New South Wales to the north and South Australia to the west, and is bounded by the Bass Strait to the south (with the exception of a small land border with Tasmania located along Boundary Islet), the Great Australian Bight portion of the Southern Ocean to the southwest, and the Tasman Sea (a marginal sea of the South Pacific Ocean) to the southeast. The state encompasses a range of climates and geographical features from its temperate coastal and central regions to the Victorian Alps in the northeast and the semi-arid north-west. The majority of the Victorian population is concentrated in the central-south area surrounding Port Phillip Bay, and in particular within the metropolit ...
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South Australia
South Australia (commonly abbreviated as SA) is a state in the southern central part of Australia. It covers some of the most arid parts of the country. With a total land area of , it is the fourth-largest of Australia's states and territories by area, and second smallest state by population. It has a total of 1.8 million people. Its population is the second most highly centralised in Australia, after Western Australia, with more than 77 percent of South Australians living in the capital Adelaide, or its environs. Other population centres in the state are relatively small; Mount Gambier, the second-largest centre, has a population of 33,233. South Australia shares borders with all of the other mainland states, as well as the Northern Territory; it is bordered to the west by Western Australia, to the north by the Northern Territory, to the north-east by Queensland, to the east by New South Wales, to the south-east by Victoria, and to the south by the Great Australian Bight.M ...
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Infratil
Infratil Limited is a New Zealand-based infrastructure investment company. It owns renewable energy, digital infrastructure, airports, and healthcare assets with operations in New Zealand, Australia, Asia, the US and Europe. Infratil was founded by the late Lloyd Morrison, a Wellington-based merchant banker. Morrison's company, H. R. L. Morrison & Co, is responsible for Infratil's management and administration. History Infratil was one of the world's first listed infrastructure funds when it was established and listed on the New Zealand Exchange in 1994. Its first investment was a minority stake in Trustpower. It expanded into airport ownership in 1998 when it bought a 66% shareholding in Wellington Airport. More recently Infratil has invested into the Digital Infrastructure and Healthcare sectors. Infratil was named Amazon Web Services Company of the Year at the Deloitte Top 200 Awards for 2021. Infratil was also recognised in the IJInvestor awards with APAC Fund Performance o ...
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American Express
American Express Company (Amex) is an American multinational corporation specialized in payment card services headquartered at 200 Vesey Street in the Battery Park City neighborhood of Lower Manhattan in New York City. The company was founded in 1850 and is one of the 30 components of the Dow Jones Industrial Average. The company's logo, adopted in 1958, is a gladiator or centurion whose image appears on the company's well-known traveler's cheques, charge cards, and credit cards. During the 1980s, Amex invested in the brokerage industry, acquiring what became, in increments, Shearson Lehman Hutton and then divesting these into what became Smith Barney Shearson (owned by Primerica) and a revived Lehman Brothers. By 2008 neither the Shearson nor the Lehman name existed. In 2016, credit cards using the American Express network accounted for 22.9% of the total dollar volume of credit card transactions in the United States. , the company had 121.7million cards in force, includ ...
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Velocity Frequent Flyer
Velocity is the frequent-flyer program of Virgin Australia Holdings. History Velocity was launched by Virgin Blue (later renamed Virgin Australia) in 2005 as Velocity Rewards, with partner National Australia Bank offering a companion credit card. Initially, Velocity differed from most other frequent flyer programs with points earned being based on the cost of a flight, rather than distance. Velocity members originally earned 6 points per dollar spent on Virgin Blue flights. By 2007, points earned in loyalty programs operated by Westpac, American Express and Diners Club could be transferred to Velocity Rewards, as well as from the ANZ loyalty program from September 2008. As part of Virgin's effort to attract business travelers, status levels were introduced to the program in late 2007. Alongside the entry-level "Red" status, members could attain "Silver" and "Gold" status, each with its own set of benefits. With the introduction of status levels, the earning rate was changed: Re ...
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Red Energy
Snowy Hydro Limited is an electricity generation and retailing company in Australia that owns, manages, and maintains the Snowy Mountains Hydro-electric Scheme which consists of nine hydro-electric power stations and sixteen large dams connected by 145 kilometres (90 mi) of tunnels and 80 kilometres (50 mi) of aqueducts located mainly in the Kosciuszko National Park. Snowy Hydro also owns and operates two gas-fired power stations in Victoria and one in New South Wales, three diesel power stations in South Australia and owns two electricity retailing businesses, Red Energy and Lumo Energy. The company is owned by the Government of Australia and whilst not a statutory corporation, is established by the ''Snowy Mountains Hydro-electric Power Act 1949 (Cth)''. Prior to its incorporation under the ''Corporations Act 2001 (Cth)'', the company was previously known as Snowy Mountains Hydro-electric Authority. Generating assets The company manages the Snowy Mountains Scheme wh ...
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Queensland Competition Authority
The Queensland Competition Authority (QCA) is an independent statutory authority that promotes competition as the basis for enhancing efficiency and growth in the Queensland economy. It was established by the Government of Queensland in 1997. The QCA is governed by a four-member board. The minister (government), Minister responsible for administering the ''Queensland Competition Authority Act'' ''1997'' (the QCA Act) is the Treasurer of Queensland. Functions The QCA's primary role is to ensure monopoly businesses operating in Queensland, particularly in the provision of key infrastructure, do not abuse their market power through unfair pricing or restrictive access arrangements. Responsibilities The QCA's main responsibilities under the QCA Act are: Monopoly prices oversight The QCA uses pricing and other regulatory arrangements, based on sound economic and commercial principles, to encourage monopoly businesses to operate responsibly in the absence of normal competitive m ...
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