LPE 0.00% 16.0¢ locality planning energy holdings limited

StarCorp aka Perry Strahmer - former LPE sales manager Apex aka...

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    StarCorp aka Perry Strahmer - former LPE sales manager
    Apex aka Ultium failed application aka Jason Hague - former LPE director

    Both awaiting AER approvals
    LPE submitted a response to the Apex submission

    https://www.aer.gov.au/retail-marke...electricity-retailer-authorisation/initiation

    This was in the AER's response to Ultium's failed application....

    The AER also received a submission from Gadens Lawyers, on behalf of Locality Planning Energy (LPE), detailing why Ultium's application should be refused. On 8 December 2016, AER staff provided Ultium with an opportunity to respond to LPE's submission and to provide any further information in support of its application. Ultium responded on 16 December 2016. The AER published LPE's submission and Ultium's response on its website.

    LPE's submission made some allegations (to which Ultium responded) that are not relevant to the AER's assessment of Ultium's application against the entry criteria. Accordingly, while the AER has had regard to all submissions received, it has not needed to consider the merits of all claims made in those submissions.

    So we probably have some new competition (Apex will probably get up after lessons learned from failed Ultium submission) being approved in Jan sometime who are trying to tap into a pretty big niche market.....and have realised this is a massive opportunity after working for LPE. They are beginning from scratch like LPE and will have similar constraints to growth like LPE. Capital intensive also which unless they have access to $10+mil will also constrain early growth. LPE have a pretty good head start advantage in QLD + locality embedded networks engaging customers now also.......plenty of room for a few players in NSW.
 
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