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The overseas retail giant Costco will open its long-awaited first store in Australia on August 17 at Melbourne’s Harbour Town, Docklands.

A $20million National Australia Bank (NAB) facility secured by ERM Power's growing retail business will help fund the company's next stage of expansion in the competitive electricity market.

Queensland and New South Wales may face shortfalls in electricity supply in as little as two years if the Federal Government pushes ahead with the planned Carbon Pollution Reduction Scheme (CPRS), a Senate committee has been told today.

New energy retailer ERM has powered into its second year by trumping rivals to become one of Queensland’s top three corporate power retailers.

ERM Power Retail has successfully billed its first set of customers with Sage EMS.