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Just Energy Planning Storage Pilot, To Enter Two New European Markets
In reporting earnings yesterday, Just Energy provided insight into its product and growth plans
Just Energy said that its previously reported flat bill product has now been rolled out in six new markets
Just Energy also disclosed that a new commercial energy storage pilot is being planned.
Solar is being piloted and launched in California and New York as previously reported.
"Just Energy’s solar program commenced its initial pilot phases in California and New York during the fiscal year, with the volume signed during this initial pilot resulting in higher than expected profit. Based on the success of our pilot launch in southern California, operations will continue to grow with further expansion in California and the northeast U.S. The solar pilot remains on track and it is expected that Solar will contribute $10 million towards the double digit percentage Base EBITDA target for fiscal 2017," Just Energy said
"Growth plans center on geographic expansion, structuring superior product value propositions, and enhancing the portfolio of energy management offerings," Just Energy said.
The company’s geographic expansion, "is centered on Europe where the Company expects to expand into two new nations within the next 18 months."
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February 11, 2016
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Copyright 2010-16 EnergyChoiceMatters.com
Reporting by Karen Abbott • kabbott@energychoicematters.com
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