❓ Mr Barron-Sullivan asks if Verve Energy was required to tender the opportunity to sell wholesale electricity. The Minister responds that tendering is not required and Verve Energy sells to multiple retailers, including Synergy, under a vesting contract.
AnsweredQoN 1263Legislative Assembly
QuestionView source ↗
(ii) was Verve required to, and did it, put this opportunity out to tender; and
The Minister for Energy has provided the following response: (a) Verve Energy aims to market electricity through a number of electricity retailers including Wesfarmers Energy. (i) Verve Energy will typically sell bulk electricity to electricity retailers. (b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers. (i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(a) Verve Energy aims to market electricity through a number of electricity retailers including Wesfarmers Energy. (i) Verve Energy will typically sell bulk electricity to electricity retailers. (b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers. (i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(i) Verve Energy will typically sell bulk electricity to electricity retailers. (b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers. (i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers. (i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
The Minister for Energy has provided the following response: (a) Verve Energy aims to market electricity through a number of electricity retailers including Wesfarmers Energy. (i) Verve Energy will typically sell bulk electricity to electricity retailers. (b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers. (i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(a) Verve Energy aims to market electricity through a number of electricity retailers including Wesfarmers Energy. (i) Verve Energy will typically sell bulk electricity to electricity retailers. (b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers. (i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(i) Verve Energy will typically sell bulk electricity to electricity retailers. (b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers. (i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers. (i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(i) Verve Energy has not entered into any exclusive arrangements. (ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(ii) The provision of wholesale electricity does not require tendering. (c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
(c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
AnswerView source ↗
Answered
1 August 2006
Responded by
Minister for Energy
Response time
34 days
Answer
The Minister for Energy has provided the following response:
(a) Verve Energy aims to market electricity through a number of electricity retailers including Wesfarmers Energy.
(i) Verve Energy will typically sell bulk electricity to electricity retailers.
(b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers.
(i) Verve Energy has not entered into any exclusive arrangements.
(ii) The provision of wholesale electricity does not require tendering.
(c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
The Minister for Energy has provided the following response:
(a) Verve Energy aims to market electricity through a number of electricity retailers including Wesfarmers Energy.
(i) Verve Energy will typically sell bulk electricity to electricity retailers.
(b) Verve Energy is not involved in the retailing of electricity. However, consistent with the establishment of the wholesale electricity market, Verve Energy is actively seeking to provide wholesale electricity to both Synergy and privately-owned electricity retailers.
(i) Verve Energy has not entered into any exclusive arrangements.
(ii) The provision of wholesale electricity does not require tendering.
(c) The vesting contract (published on Verve Energy's website) provides Synergy with a large quantity of wholesale electricity. Verve Energy stands ready to provide additional wholesale electricity to Synergy on commercial terms.
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