ERM Power Limited
(ASX:EPW) has announced it expects to make a better margin for the 2017 financial year than originally forecast.
The business electricity supplier expects to generate $3.50 per megawatt hour (Mwh) instead of the previously advised $3.00 per megawatt hour (Mwh).
The for 2018 financial year it also expects the Australian retail gross margin to improve to $3.50 per megawatt hour (Mwh).
ERM Power says the stronger results are excepted thanks to improved operating conditions, positive forward sales and portfolio improvements.
Shares in ERM Power Limited
(ASX:EPW) last closed 4.99% higher at $1.17
