Business Services Industry
Energy market shake-out points to the limitations of privatisation.
Australasian Business Intelligence, April, 2002
Apr 18, 2002 (The Age
ABIX via COMTEX) -- The Victorian energy retailing business, Pulse, is to be sold. Pulse is a joint venture owned by United Energy, Shell, Woodside Petroleum and the joint venture between the US company, Aquila and AMP. When Pulse goes on the market next week it will be interesting to see who is willing to buy the business, given that it operates in an industry where retail prices are capped and wholesale prices are extremely volatile. The limitations of such a venture will be obvious to any potential buyer. However, what Pulse does offer is sheer customer mass and almost unmatchable market scale and the outcome of its sale will have national implications.
Publication Date: 19 April 2002
UNITED ENERGY LIMITED - ASX UEL:...
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