The Australian Energy Regulator (AER) has approved an electricity retailer authorisation application from renewables developer Squadron Energy for a new entity called Squadron Energy Retail (SQER).
Related article: Squadron Energy applies for electricity retail licence
The AER’s authorisation only applies as and when the National Energy Retail Law is adopted in each participating jurisdiction. Victoria has not yet adopted the National Energy Retail Law framework.
In August, renewables developer Squadron Energy applied to Victoria’s Essential Services Commission (ESC) seeking an electricity retail licence to sell electricity to medium and large business customers throughout the state.
The ESC’s retail licence decision is still pending.
According to its application documents, in the first phase of the business SQER will undertake limited marketing activities, only making offerings to select Commerial & Industrial (C&I) customers.
“As a newly formed organisation, SQER has brought together a team of highly skilled professionals with deep experience in the retail energy sector,” the company said in its application.
“Many of the key team members have held senior roles at leading energy retailers, offering invaluable industry insight. The management team has a wealth of experience across retail, wholesale, generation, and commodity markets, with a proven track record in delivering renewable energy projects across Australia.”
Related article: Squadron opens first stage of Clarke Creek Wind Farm
