The appointments will shore up EnergyAustralia’s trading team ahead of possible market volatility.
EnergyAustralia has named a new head of forward trading as it shores up a critical team in its energy markets business after several departures.reported that four traders had resigned from EnergyAustralia’s contract trading team after being poached by a newThe departures are a blow to EnergyAustralia, depriving it of experienced staff at a time of extreme volatility in energy markets, which could be heightened by the onset of winter and increasing domestic demand.
Matthew Shanahan has also been promoted to the role of electricity lead trader, reporting to Mr Quinn. The promotions, filling the two most senior vacancies, will ensure continuity for EnergyAustralia – the country’s third-biggest electricity and gas supplier – amid fears of market volatility.at its parent company CLP Group for the half year to June 30.
The losses have clouded EnergyAustralia’s transition plans. Although it has announced proposals for several new projects, it is yet to strike any partnerships of the kind that chief executive Richard Lancaster said last year were needed for new investment in renewables and storage assets.EnergyAustralia is also trying to lure customers into installing solar systems and batteries at their homes as it tries to boost its strategy to rapidly develop virtual power plants .
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
French nuclear energy giant EDF to join local marketElectricite de France (EDF), best known for nuclear generation, will launch in Australia with a plan to invest in renewables after raiding EnergyAustralia.
Read more »
Israel, Gaza fighters trade fire after deadly West Bank raidGaza militants fired rockets and Israel carried out air strikes early on Friday as tensions soared after the deadliest raid in the occupied West Bank for more than 20 years.
Read more »
EU toughens stance on non-EU countries taking back citizens denied right to stayCampaigners say bloc’s plan to use development aid, trade policy and access to visas as ‘leverage’ fails to put human rights first
Read more »
Rudd US foreign policy jibe 'very different' to Labor positionA spokesman for the US Trade Representative said the comments about the US throwing 'some of its allies under a bus' were 'very different' to representations the Australian government has been making to the Biden Administration.
Read more »
ASX LIVE: Australian shares to rise, Tesla surge paces Wall Street higherAustralian shares are poised to open higher. Nasdaq paces gains in New York as Tesla leaps on Elon Musk’s optimism. Trade data, PPI top agenda.
Read more »