ERM Power eyes up NSW electricity sell off

ERM Power, which is Australia's largest, privately owned energy company is eyeing up the energy wares in New South Wales.

ERM Power is the only energy retailer dedicated to serving large corporate and industrial customers (C&I), so could have a lot to gain by acquiring some of the generation portfolios currently owned and operated by the NSW Government (Integral Energy, Country Energy and Energy Australia).

The other parties vying for a piece of the pie are:

  • Origin Energy Limited
  • AGL Energy Limited
  • ERM Power Pty Ltd
  • Shenhua Group Corporation Limited
  • China Huaneng Group Corporation
  • GdF Suez SA
  • TRUEnergy Australia Pty Ltd
  • China Light and Power Company