News: EPW Erm Power expects Australian Retail gross margin for FY2017 to improve to about $3.50/MWh

March 30 (Reuters) - Erm Power Ltd (EPW)

• Also expects its australian retail gross margin for fy2018 to improve to about $3.50/mwh, which is materially above current market consensus.
• ERM POWER is realising improved margins with positive results from forward sales, portfolio optimisation and risk management activities.
• Expected outlook for its australian retail gross margin for fy2017 to improve to about $3.50/mwh, from a previously advised $3.00/mwh
• "Other components of FY2017 outlook remain broadly in line with announcement made on 23 February 2017."