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Synergy has continued to improve its business operations in FY2018-19, despite a challenging energy landscape. Synergy Chief Executive Officer Jason Waters said year-on-year the business continued to perform well, but the overall net loss after tax reflected the ongoing challenges confronting an increasingly complex electricity supply environment.
The wave of change impacting the energy industry globally is accelerating, leading to rapid and transformational change in how electricity is generated, bought, sold and distributed. While the energy sector at both levels of government needs a coordinated and collaborative direction, the discussion going forward must include some difficult decisions at a State level, if consumers are to benefit in the future.
“The 2015-16 financial years represented another 12 months of Synergy overcoming the blistering challenges to the electricity sector resulting from disruptive technologies and, laying the foundation for future sustainability. We have developed a corporate strategy with a strong focus on delivering the new products and services demanded by our customers…"