Our purpose is 'to provide our customers with superior network and energy solutions.'
To achieve our corporate purpose and provide increased securityholder value, SP AusNet is focused on delivering against four key outcomes during the next five years:
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STRENGTHEN - Strengthening the existing networks business
The existing electricity transmission and electricity and gas distribution networks will continue to underpin the delivery of a reliable supply of energy to Victorians for the immediate future. With continued demand growth expected, further development of these networks is required to ensure a high level of capacity and reliability are achieved. |
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TRANSFORM - Execute cultural and business transformation
Dramatic transformation is required for SP AusNet to be successful in embracing smart networks and providing related energy solutions while continuing to strive to deliver excellent customer service from its networks. This will be achieved through a commitment to planning and implementing change programs to support the transformation required for SP AusNet’s people, culture and business processes.
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EXTEND - Support non-regulated growth
SP AusNet will continue development and marketing of Select Solutions’ product range across Australia. This includes the implementation of a range of smart network initiatives to meet SP AusNet’s customer requirements and potentially provides Select Solutions with a range of additional products.
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MODERNISE - Implement smart network solutions
Smart network capability will be developed over the coming years, with the need to become an integrated part of SP AusNet’s asset management processes. The successful development of smart network solutions and related growth options will only be possible if the existing networks are in a safe, strong and sustainable condition.
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This approach represents a significant change for SP AusNet that requires traditional asset management strategies to be complemented by a broader customer energy solutions focus and the ability to commercialise these innovations.
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