The state government will pay a financial adviser half a million dollars to help prepare Aurora Energy's retail customer base for sale, as part of major reforms planned for the energy sector.
Melbourne firm Lazard Pty Ltd has been awarded the contract to advise the Electricity Project Team within the Department of Treasury and Finance on the scoping and structure of the sale over the next 13 months.
The divestment of the state-owned electricity retailer's customer base is a key step towards introducing competition in the market which will give households a choice about which company provides their power.
Legislation to enable the overhaul of the energy market - including merging Aurora and Transend - is yet to be tabled in Parliament and it is unclear how Labor will get the support it needs from either the Greens or Liberal Party.
Full story in The Examiner tomorrow.