Spectrum scores Aussie deal

The software, developed by SPE's Kinetiq subsidiary, will be used by Victoria-based TXU Networks, an energy distribution business with over half a million customers.

Spectrum says Australian states are currently pursuing deregulation of their energy markets and, in Victoria, full retail contestability will be introduced early next year,

"We targeted the Australian market a year ago because of the progress made in different states towards deregulation," says Gavin Mitchell, CEO of Kinetiq.

"Additional investment in business development activity earlier this year has improved our ability to consult with companies about the changes they are facing, along with options about how they can alter their business model to meet the needs of the new environment."

Mr Mitchell says the Australian company will use PV2 as its core tool for providing billing information for network use by retailers and large industrial customers.

"PV2 will also provide load profiling information, enabling the company to advise their customers on the best management of their energy needs," he says.

Spectrum has not disclosed what the deal is worth.

Comments from our readers

No comments yet

Add your comment:

Your name:
Your email:	Not displayed to the public
Comment:
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Anti-spam verification:

Type the text you see in the image into the field below. You are asked to do this in order to verify that this enquiry is not being performed by an automated process.