Genesis Energy reduces emissions and grows customer numbers in Q2

Mon, 23 Jan 2023

Favourable market conditions in the second quarter of the financial year saw Genesis Energy reduce emission and portfolio fuel costs.The listed energy company provided an update to the market this morning, in which customer numbers increased by 2.5%, to 481,000, relative to the same period last year.In addition, loyalty and customer satisfaction remained strong, with net churn declining to 11.7%, a 0.9% decrease.Netbacks grew across electricity, gas and LPG.Gas and LPG netback increased 14.2% and 16.4% respectively, and electricity netback incr...

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