Engie Australia Explained

ENGIE
Foundation:2005
Parent:Engie
Location:Melbourne, Victoria, Australia
Industry:Energy
Products:Energy retailer

Engie Australia (stylised as ENGIE), previously Simply Energy, is an Australian energy retailer, providing electricity and gas to more than 700,000 accounts across Victoria, South Australia, New South Wales, Queensland and Western Australia, with sales totalling 12% of the Australian market. It is the Australian retail arm of French company ENGIE.[1] It was rebranded from Simply Energy in 2024.[2]

Products and services

Engie Australia provides electricity and gas to homes and businesses in Victoria, New South Wales, South Australia, Queensland and Western Australia.

History

In 2005, the EA-IPR Retail Partnership was launched as a retail brand by International Power in a partnership with New South Wales state-owned enterprise EnergyAustralia, and the partnership operated in the electricity and gas retail and wholesale markets of Victoria and South Australia.

In August 2007, International Power completed a buy out of the partnership.[3] [4] [5] Subsequently, International Power launched the retail brand as Simply Energy in those two states.

Between 2010 and 2012, International Power was progressively acquired by French company GDF Suez, with the French Government having control of the entity and its subsidiaries, including Simply Energy.[6] [7] GDF Suez changed its name to ENGIE in 2015.[8] The Simply Energy brand was subsequently phased out in favour of its parent company's Engie branding about a decade later in 2024.[2]

Controversy

Simply Energy had been subject to many high profile complaints regarding the practices of their doorknockers and billing issues.[9] [10] [11]

Naming rights deal

Under a three-year naming rights deal since March 2024, Engie Australia secured the naming rights of the Sydney Showground Stadium, with the stadium renamed ENGIE Stadium.[12]

Notes and References

  1. Web site: About ENGIE. Simply Energy . 5 February 2019.
  2. Web site: Simply becoming ENGIE . Simply Energy . 28 March 2024 . https://web.archive.org/web/20240328103056/https://www.simplyenergy.com.au/engie . 28 March 2024 . dead.
  3. Web site: Power at any price . . 18 December 2008 . Gottliebsen . Robert.
  4. Web site: International Power plc - proposed acquisition of EA-IPR Retail Partnership. Australian Competition and Consumer Commission. 24 September 2024.
  5. Web site: Annual Report 2006/2007. EnergyAustralia. 29 October 2007. 24 September 2024.
  6. News: GDF takes control of International Power to form energy giant. https://web.archive.org/web/20160121180711/http://uk.reuters.com/article/uk-gdfsuez-intlpower-idUKTRE6790KW20100810. dead. January 21, 2016. 10 August 2010. Reuters. 2012-06-06.
  7. News: GDF Suez to Buy Remaining Stake in British Utility for $10 Billion. 2012-06-06.
  8. News: French gas giant GDF Suez changes name to Engie. Reuters.com . 24 April 2015 .
  9. Web site: Doorknockers switching unsuspecting households onto new utility contracts . News Corp Australia.
  10. Web site: Pensioner receives $32,000 electricity bill from Simply Energy.
  11. Web site: Simply Energy power bungle. Today Tonight.
  12. Web site: 2024-03-07 . Welcome to ENGIE Stadium . 2024-03-07 . . en.