AusNet Services Holdings Pty Ltd - Company Profile
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Business Description
AusNet Services Holdings Pty Ltd (AusNet), previously AusNet Pty Ltd, a subsidiary of Australian Energy Holdings No 4 Pty Ltd, is an energy utility company. It does business in electricity distribution, gas distribution, and electricity transmission network. AusNet serves a diverse range of customers, including households, small businesses, schools, councils, farms, hospitals, and large commercial and industrial clients. Key industries served include healthcare, construction, retail trade, transport, postal and warehousing, and professional, scientific, and technology services. It manages over AUD13,000 million in network assets and provides services to more than 3.8 million people. The company also operates Mondo, a commercial business providing energy and technical services, including renewable energy projects like wind and solar farms. AusNet is involved in developing future networks, supporting regional communities with mini-grids and solar programs, and investing in projects to increase network capacity and reliability.
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R&D Overview
AusNet is engaged in various R&D initiatives to prepare for Victoria's energy future. The company is investing in projects that increase network capacity, improve reliability, introduce more renewable energy into the network, and protect communities from bushfires. AusNet is also involved in building a smarter, more efficient grid to support the shift to electric vehicles, enabling solar and battery futures, and exploring non-network options to manage electricity demand during peak times. Additionally, the company is working on energy system transformations and supporting solar exports through smart inverters. The Gippsland Renewable Energy Zone is another significant project, focusing on developing new renewable energy transmission infrastructure.
Business Segments
Overview
Our electricity transmission network consists of the transmission lines and towers which carry electricity at high voltages from power generators to electricity distributors around Victoria forming the backbone of the Victorian electricity network.
Overview
Carries electricity from the high voltage transmission network to end users, including metering. The electricity distribution segment does not purchase or sell electricity. The network covers eastern Victoria including the eastern metropolitan region of Melbourne. In FY2024, the segment's capital expenditure stood at AUD568.8 million, which grew 20.6% YoY.
Performance
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Overview
Carries natural gas to commercial and residential end users, including metering. It does not purchase or sell gas. The network covers the central and western Victoria. In FY2024, the segment's capital expenditure stood at AUD122.5 million, which grew 20.2% YoY.
Performance
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Overview
Provides contracted infrastructure asset and energy services and a range of asset and utility services to support the management of electricity, gas, and water networks. Many of these services continue to be provided under the Mondo brand. Also provides various asset and utility services to customers. In FY2024, the segment’s capital expenditure stood at AUD438.8 million which grew 14.6% YoY.
Performance
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