About us - Stanwell

Our vision

We are working to find smart solutions and promote partnerships that will help build the energy market of the future. In 2017/18, we launched our new company vision:

Together we create energy solutions.

We fulfil our vision by:

ensuring security of electricity supply by flexibly providing our highly reliable plant to the market when required;
supporting the transition to a lower carbon energy market, by supporting the development of renewable energy proponents in Queensland; and
providing affordable energy to customers by developing innovative and tailored energy products.

Our values

At Stanwell, we are:

Safe – Everyone is a safety leader. We seek to achieve Zero Harm Today in all our workplaces.
Responsible – We are reliable, we are accountable for our actions, we make a positive contribution to our community and we are here for the long-term.
Commercial – Every one of us contributes to Stanwell’s financial stability and performance through our decisions and actions.

Our story

Stanwell is a diversified energy business. Our revenue comes from a variety of sources. We generate electricity, we have an electricity retail business, and we trade gas and coal. We also provide services to the electricity market to keep energy secure and reliable.

Having a variety of revenue sources allows us to achieve the best possible returns for our owners, the people of Queensland. Around 75 per cent of our revenue comes from energy contracts. The other major contributors to our total income were the delivery of energy services, such as network and environmental certificate charges, representing 15 per cent of our revenue, in addition to coal and gas sales ( including exports) which accounted for approximately 8.7 per cent.

We have a responsibility to produce and deliver energy for Queensland that’s reliable, affordable and sustainable. We take this responsibility seriously.

We are helping to keep Queensland electricity affordable. In 2017/18, Queensland’s contract and spot market electricity prices were, on average, the lowest and most stable in the National Electricity Market. This year, our low cost power stations delivered 19,756 GWh, increasing supply to the market and putting downward pressure on prices. We have also worked closely with our customers to provide them with more affordable contracts which protect them from price volatility in the market. Further, we have carefully managed our costs so that our business is sustainable into the future – allowing us to continue to deliver solutions which will meet the transforming needs of our customers.

We make sure Queenslanders have a secure supply of electricity. Throughout the 2017/18 summer, our power stations played a major part in keeping the lights on when the market was dealing with record electricity demand. We have proven ourselves to be one of Australia’s most reliable energy providers, with our assets achieving 96.7 per cent availability during the 2017/18 summer. Following the closure of several old coal-fired power stations in southern states, we returned our gas-fired Swanbank E Power Station to service to ensure the network had enough supply to meet peak summer demand. Swanbank E Power Station provided additional reliability to the National Electricity Market and performed exceptionally, delivering 99 per cent availability throughout the 2017/18 summer.

We consider the well-being of our environment, as well as the need to keep energy affordable, in the decisions we make, every day. Several state and federal regulations outline how the energy industry should perform. Just complying with regulations is not enough for us. We are proud to support the communities we serve and we are committed to preserving our environment, by operating beyond baseline compliance requirements. This year, we launched a new Environmental Sustainability Policy which outlines how we are preparing for a low-carbon future, including a $2.0 million investment in another continuous emissions monitoring system for one of our power stations. We will continue to deliver energy solutions that balance the needs of the environment and our communities, with our obligation to deliver reliable and affordable energy.

We make a difference in the communities in which we operate. At Stanwell, we understand that our ability to generate electricity is, in large part, dependent on the support of the communities in which we operate. This year, we invested around $288,000 in our local communities to support a variety of initiatives which will deliver long-term value to our host regions. In addition, as at 30 June 2018, we employed 685 (FTE) people at our sites and offices, the majority of whom are located throughout regional Queensland (30 June 2017: 650). We also indirectly employ thousands of contractors, through our business partners, in the local communities in which we operate.

About Stanwell Energy

Stanwell Energy is the retail brand of Stanwell Corporation Limited. Through Stanwell Energy, we sell electricity to large commercial and industrial customers in Queensland, New South Wales, Victoria and the Australian Capital Territory.

Our customers include some of Australia’s major infrastructure, resources and service companies. The success of Stanwell Energy is driven by our ability to listen to our customers and tailor innovative and competitively priced products which are supported by one of the most diverse and reliable electricity generation portfolios in Australia.

We are proud of our reliable and proactive customer service and our high customer retention rate.

Watch Stanwell’s 2017/18 Annual Report overview video here.