Home›Questions on Notice›QoN 4600

❓ Mr. Johnston questions Synergy's Business Efficiency Program savings targets for the period prior to June 30, 2015. The answer clarifies that savings are projected over the forward estimates, with $50 million targeted for the 2015/16 financial year.

AnsweredQoN 4600Legislative Assembly

Asked

13 October 2015

Member

Mr W.J. Johnston

Portfolio

Energy

QuestionView source ↗

I refer to the Business Efficeincy Program announced in the 2015 Budget for Synergy, and I ask: (a) was any of the $450 million of savings due under the Business Efficeincy Program due to be achieved by Synergy prior to 30 June 2015: (i) if yes, how much was planned to be achieved before 30 June 2015; and (ii) if yes, how much was actually achieved before 30 June 2015?

AnswerView source ↗

Answered

17 November 2015

Responded by

Minister for Energy

Response time

35 days

(a) $450 million in savings is the number due to be saved over the forward estimates and Synergy will see cost of sales, operating costs, and capital expenditure gradually decrease from the across the business over the next four years.
(i-ii) The first three months of the business efficiency program is designed at identifying savings opportunities and implementing processes that will deliver benefits over a sustained period. Synergy is on target to deliver $50 million of savings in the 15/16 financial year.

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