TasNetworks
State government owned | |
Traded as | TasNetworks |
Industry | Utility |
Predecessor | Transend Networks, Aurora Energy (distribution) |
Founded | 1 July 2014 |
Headquarters | Lenah Valley, Tasmania, Australia |
Area served
|
Tasmania |
Services | Electricity transmission and distribution, Telecommunications |
Owner | Government of Tasmania |
Website | www |
Tasmanian Networks Limited, trading as TasNetworks, was formed by the merger of transmission company Transend Networks and the distribution division of Aurora Energy on 1 July 2014. This resulted in the winding-up of Transend Networks, and Aurora Energy becoming a retail-only business.[1] The merger resulted in a drop in Tasmanian electricity prices.[citation needed]
TasNetworks is a participant in Australia's National Electricity Market (NEM). The NEM operates on an interconnected power system that extends from Queensland to South Australia. Tasmania is connected to the NEM via Basslink.
TasNetworks also owns and operates a telecommunications business that serves customers in the electricity supply industry and in other industries.
TasNetworks is a regulated monopoly that receives its revenue cap from the Australian Energy Regulator.[2]
References
External links
- Articles with unsourced statements from February 2015
- Companies based in Tasmania
- Companies established in 2014
- Electric power transmission system operators in Australia
- Electric power distribution network operators in Australia
- Government-owned companies of Tasmania
- Power monopolies
- 2014 establishments in Australia