Power prices fall as mild summer, renewables reduce generation costs theage.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theage.com.au Daily Mail and Mail on Sunday newspapers.
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Subscriber only Just days after energy giant Stanwell revealed its long-term plans to transition to renewable energy, CEO Richard Van Breda has announced he s stepping down from the top job. Independent Non-executive Chair and Director Paul Binsted revealed the shock decision in a statement released to the media today, thanking Mr Van Breda for 20 years of leadership within the Queensland energy sector. Richard has led Stanwell through many challenges since his 2012 appointment to the position of CEO, Mr Binsted said. Under his leadership Stanwell has consistently achieved a strong financial performance, earned the trust of its people and host communities, in both Rockhampton and the South Burnett and positioned itself as a key participant in the energy market of the future.
Stanwell CEO resigns days after company pivots to renewables themorningbulletin.com.au - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from themorningbulletin.com.au Daily Mail and Mail on Sunday newspapers.
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Statement on AEC Outgoing Chair Brett Redman
The Australian Energy Council (AEC) and its Board has thanked Brett Redman for his Chairmanship of the Australian Energy Council over the past 17 months.
The Council’s Chief Executive Sarah McNamara said: “Mr Redman brought great experience and knowledge to the AEC’s Board, which has been invaluable.”
“His input, guidance and support has been greatly valued not just by me in my role as Chief Executive, but also by our members during a period of significant adjustment for the industry.
“As a widely respected friend and colleague across the energy sector his contributions will be missed. On behalf of the AEC, its Board and our members, I would like to wish him well.”
Household debt escalates as Victorian struggle to pay bills
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Household debt has skyrocketed since the start of the pandemic, with Victorians now owing more than $103 million to gas and electricity retailers for unpaid bills.
Debt has risen by 35 per cent since April 2020, according to new data from the Essential Services Commission that highlights the perilous financial state many Victorians find themselves in.
Jen has fallen behind on her utility bills and fears she will be evicted soon.
Credit:Chris Hopkins
More than 288,000 Victorians have fallen behind on their electricity bills and are not receiving any help, while around 55,000 struggling households are receiving payment assistance from electricity retailers.