21 May 2021
Telecommunications giant Telstra is gearing up to launch what could be a major challenge to Australia’s incumbent energy utilities, submitting applications to regulators for approval to sell gas and electricity as early as late June.
The telco has already pledge to cut emissions from its own operations to zero, and the only complication to its offering zero emissions energy to its customers appears to be the fact that it is also asking for a licence to sell gas to households as well as green electricity.
In its application lodged with the Australian Energy Regulator, the new entity, Telstra Energy, makes clear that it will offer its energy retail services to its phone and internet services to households, leveraging its dominant position in the communications space where it has some 13 million accounts.