- Locality Planning Energy Holdings (LPE) has surpassed a milestone of 40,000 customers
- The company has added more than 2,300 new customers since March 31, representing 31 per cent growth from the corresponding period in 2020
- LPE says it is also on track to deliver against its guidance of an additional 10,000 customers in the current financial year of FY2021
- LPE shares are down 1.19 per cent, trading at 20.8 cents at 12:40 pm AEST
Locality Planning Energy Holdings (LPE) has surpassed a milestone of 40,000 customers.
LPE is an electricity provider specialising in renewable solutions using shared solar batteries and centralised hot water to give strata communities an immediate reduction in electricity costs.
The company has added more than 2,300 new customers since March 31, with over 1,400 added in May 2021 alone. This represents a 31 per cent growth from the previous corresponding period of May 2020, which the company says points towards the potential for further growth during FY2022.
The ratio of strata customers to retail remains consistent at 60/40. LPE says it anticipates this ratio will strengthen further towards high value, contracted customers as its shared solar product continues to be rolled out.
The company says it is also on track to deliver against its guidance of an additional 10,000 customers in the current financial year of FY2021.
“I’m very proud of all our sales teams, as during the month of May we continued to break daily, weekly and monthly intake records customer numbers,” LPE Chairman Justin Pettett said.
“We still have a lot of hard work ahead of us with the roll out of our shared solar product, a compelling option for strata communities to deliver renewable energy to their residents. However with our highly dedicated team I am confident we can continue to achieve and exceed milestones.”
LPE shares were down 1.19 per cent, trading at 20.8 cents at 12:40 pm AEST.