Ann: Appendix 4C - quarterly, page-34

@getready has a very good point with his pickup on how they reported "active" customers implying some aren't active. Just as they have moved away from the term "Billing" it sounds like they aren't going to report GWh under management any more? As a smaller developing power provider - that metric probably served it's purpose, however larger power providers don't report this, most seem to report just the number of customers along with sales figures. LPE has already moved from reporting this monthly to quarterly. If that is the case an explanation would have been nice.

To arrive at a GWh "under management" figure they must have just multiplied the number of accounts by average usage. I suppose you could have 2 extremes, a new block of units with very low tenancy and an established block with 100% tenancy. Number of customers or active customers would be a more meaningful metric to use.

I'm quite sure the GWh under management would have increased last Q if reported, good to see active customers increased 8.4% - quite significant.

Moving from monthly to quarterly billing certainly has an impact on the 4C cashflow statements, the loan delay would certainly have impacted growth, since the banking royal commission credit is very tight. Despite their funny way of reporting things, I believe all is on track & they'll make their $32m sales which will be a fantastic result.