Canberra executive Ivan Slavich appointed CEO of Energy Action
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Canberra executive Ivan Slavich appointed CEO of Energy Action

Canberra business executive Ivan Slavich has been appointed CEO of ASX-listed company Energy Action.

Mr Slavich is managing director of Trident Corporate Services. He has previously held leadership positions at ActewAGL and TransACT Communications, which sold to iiNet.

Canberra businessman Ivan Slavich has been appointed chief executive of ASX-listed company Energy Action.

Canberra businessman Ivan Slavich has been appointed chief executive of ASX-listed company Energy Action.Credit:Jeffrey Chan

Energy Action provides energy buying and management services to commercial and industrial customers. Mr Slavich told Fairfax Media it's the "number one independent energy advisor in Australia".

The company operates the Australian Energy Exchange, which gives online, real-time price information and provides a reverse-auction platform.

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The financial year six-month results, released in February, showed revenue of $15.6 million, down 10 per cent on the previous half year.

"Unprecedented market volatility", including the Hazelwood closure and South Australian blackouts, was blamed for the downturn.

Mr Slavich said he's confident the company's performance can be quickly improved.

"I've got a lot of experience with transformation and business turnaround," he said.

"At ActewAGL when I started there in 2000 it was run like a government-owned utility.

"I came in from the AGL side of things and made it much more commercial, which has continued since then.

"Energy Action has some really fabulous products and services."

Mr Slavich predicted greater demand for microgrids, where customers can connect or disconnect from the main network.

"There's going to be more and more embedded networks in the electricity distribution system," he said.

"We're experts at managing those.

"It's decentralised electricity generation with solar and various other forms of generation, such as gas-fired portable generators."

Mr Slavich said Energy Action offered tools to reduce energy consumption and minimise expenditure.

He said this would become more important as power prices continue to rise.

"Electricity prices are going to skyrocket in South Australia and Victoria," he said.

"If the [federal] government is going to build a $2 billion Snowy Hydro facility and SA spends $550 million on building capacity in South Australia, electricity prices have got to go up.

"Someone has got to pay for it."

Mr Slavich said ACT prices should continue to remain lower than the states because of its compact distribution network.

"In New South Wales, Victoria and South Australia they've got to string electricity wires over vast distances and they've got to recover the cost of that from all consumers in those states," he said.

"In the case of the ACT, because of its compact nature, the distribution charges are more competitive.

"Energy Action does pricing for the whole package. I strongly encourage customers in the ACT to give us a call.

"We will be beefing up our presence in the ACT and nationally."

Mr Slavich starts in the new role on April 3. He said he intends to remain living in Canberra.

Michael Gorey is a reporter at The Canberra Times

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