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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.
Synergy will close two of the four electricity generation units at its Muja Power Station near Collie in a staged approach to support reliable and affordable electricity supplies.
Today, the State Government announced a 1.75 percent increase to household electricity tariffs effective from 1 July 2019. The setting of electricity tariffs is determined by the State Government as part of the annual state budget process.
Western Australia’s state-owned electricity generator and retailer Synergy has been named as Australia’s most trusted energy company.