Economic performance

In an evolving energy market, we are guided by two key strategic imperatives: prospering in a carbon-constrained future and building customer advocacy. Visit our 2018 Annual Report for further details on our strategy.

This section focuses on:

• Financial management: In FY18 we announced a strong Underlying Profit after tax, declared strong dividends, and drove strong return on equity.

• Capital investment for growth: We continue to look for opportunities to unlock growth through prudent investment of capital. Key focus areas in FY18 have been in lower-carbon energy generation, increasing wholesale gas supply, exploring new technologies and markets for our retail customers, continuing our significant customer experience transformation project, and delivering a digital transformation project to drive efficiency and engagement of our people.

• Reliable energy: As the largest electricity generator in the National Electricity Market, we recognise that we have a key role to play in ensuring that we manage and maintain our generation portfolio to optimise security of supply for customers.

• Taxation and transparency: We are committed to meeting all tax compliance obligations, and to providing transparent information about the taxes we pay and the taxation policies we employ.