Enova Energy has become the first Australia’s first community-owned energy retailer to gain a licence to sell electricity to consumers, in what could become the first i
mportant step to a complete re-design of the energy market.
..The Australian Energy Regulator (AER) approved Enova’s application for a retail licence on Friday, subject to completion of Enova’s current capital raising by late November. Enova is seeking for raise $3 million, and is half way to that target.
If you’re not familiar with concept of CORE(Community Owned Renewable Energy) it’s very much like the favourable terms and improved security you get with not-for-profit credit union, rather than rip-off by big banks. These things are all about trust and have worked for centuries.