The release of a discussion paper on how to fix the electricity market has reignited the debate over whether Synergy and Verve should be split into two separate generator-retailers.
Energy Minister Mike Nahan has confirmed the resignation of Michael Smith from the board of electricity retailer Synergy, a departure which coincided with the exit of three other board members.
Western Australians will have to wait until Christmas to find out how much the government saved by merging power generator and retailer Verve and Synergy.
A range of sophisticated and institutional investors have been named as some of the major shareholders in financial services firm Pioneer Credit following its $40.2 million IPO.
The Economic Regulation Authority has called for an end to the Royalties for Regions program and the abolishment of domestic gas reservation and the Keystart housing scheme, while also pushing for major payroll tax, land tax and stamp duty reforms.
Perth-based financial services group Pioneer Credit is looking to raise more than $40 million with the sale of just over half the company through an IPO which will provide capital for the group to expand its debt purchasing.
Energy Minister Mike Nahan's launch today of the first review of the state electricity market since Western Power was disaggregated in 2006 has drawn a mixed response.
SPECIAL REPORT: Energy Minister Mike Nahan has told Business News a review of Western Australia's wholesale electricity market could open the door to some dramatic shakeups in the sector.
SPECIAL REPORT: Former Verve Energy CEO Shirley In't Veld says when it comes to government-owned businesses, politics often wins out over commercial imperatives.
Two Western Australian businesses are seeking to join the electricity retail market currently dominated by Synergy and the handful of companies licensed to sell to businesses using more than 50-meg
The state government has introduced legislation to merge Synergy and Verve Energy, but is yet to release regulations that will specify how existing contracts between the government entities and the private sector will be protected.
Western Australia's private sector says the state government's decision to sink another $46 million into the Muja AB power station is a questionable decision that lacks financial discipline.
Youth arts group Awesome Arts is the big winner in this year's Creative Partnerships Australia awards, which recognises collaborations between business and the arts.
Energy Minister Mike Nahan is positive the remerging of energy retailer Synergy and generator Verve will lead to increased competition in the marketplace, but acknowledges the details of how the ‘r
Who pays? That is a question no-one seems to be asking in the debate over solar-power subsidies, or the bigger question of who pays for the state government's debt binge.
In his usual forthright manner, state Treasurer and Transport Minister Troy Buswell made some pointed comments earlier this year about the role of the state's port authority boards.
The state government has set January 1 next year as the date for energy utilities Verve and Synergy to commence trading as one entity, after announcing that Michael Smith would be chair of a new bo
Premier Colin Barnett is keeping a tight lid on how much has been spent on the government's failed attempts to revive the Muja coal-fired power station in Collie.
Western Australia's mining sector has again proven its worth to related service providers with an information technology company receiving a significant award for work with BHP Billiton.
Verve Energy has been paid full 'capacity credits' for power stations that are only available half the time, a report by the state government's economic regulator has found.
Bhagwan Marine has been named the 2013 Business News Rising Stars award winner, capping off more than a decade of strong growth for the Geraldton-based company.
Newly appointed energy minister Mike Nahan has defended state government plans to re-merge utilities Verve Energy and Synergy, despite being told that market reform has created savings of about $15
Australian Institute of Company Directors deputy chairman and WA president Michael Smith has been appointed as national chairman, becoming the first Western Australian to head the organisation in i
The state's economic watchdog says electricity retailer Synergy would need to hike residential electricity bills by 23 per cent on average, or $353 per year, to ensure taxpayers are not covering th
Premier Colin Barnett has stated that Western Australia should have two energy utilities rather than four, raising the ire of shadow minister Bill Johnston who believes investment in the sector is
Energy minister Peter Collier has predicted that state-owned energy retailer Synergy will need to contract up to 1,000 megawatts of new power generation capacity in WA over the coming decade.
