Energy for large Queensland government sites
CS Energy won a competitive procurement process to supply wholesale electricity to large Queensland Government sites for 10 years from 1 January 2019. CS Energy was also awarded the contract for the associated retail services for an initial period of three years.
The contract provides revenue certainty for the business and price stability for Queensland Government frontline services such as schools, hospitals and emergency services
CS Energy CEO Andrew Bills said the contract win marked an important step forward in the execution of CS Energy’s strategy.
“We have negotiated a very competitive offer that provides substantial savings for the Queensland Government, and locks in a revenue stream for a portion of CS Energy’s portfolio over the next decade,” Andrew said.
“The supply agreement includes an initial renewable energy allocation with a flexible mechanism to increase that allocation to 50 per cent through the life of the contract, utilising energy from Kennedy Energy Park and other sources.
“As a Government-owned corporation, CS Energy is proud to be supporting the Queensland Government to deliver its target of achieving 50 per cent of Queensland’s electricity generation from renewable sources by 2030.”
CS Energy Head of Legal, Investment and Regulation Emma Roberts said CS Energy provided a bespoke solution for the Queensland Government, which bundled the ‘black and green’ energy in our trading portfolio.
“CS Energy is also providing a cost-effective retail solution to these government customers, which includes access to an energy management portal for tracking their energy usage and expenditure,” Emma said.