Just Energy Expands International Footprint with Launch into Japan
November 21 2017 - 5:09PM
Just Energy Group Inc. (TSX:JE) (NYSE:JE) (“Just Energy” or the
“Company”), a leading retail energy provider specializing in
electricity and natural gas commodities, energy efficiency
solutions, and renewable energy options, today announced that the
Company has officially launched operations in Japan under the Just
Energy brand.
The Company successfully launched its selling
operations in Japan and now has access to the largest deregulated
energy market in the world. In line with the Company’s growth
strategy, Just Energy intends to expand its presence in Japan
through its growing suite of value-add products and long-term
loyalty programs. The launch in Japan marks Just Energy’s first
expansion into Asia, and is the Company’s third new geographic
launch outside of North America over the past twelve months.
James Lewis, Co-CEO of Just Energy, said: “This
is an exciting new milestone in our geographic brand expansion
strategy and a tremendous growth opportunity as we now have access
to the largest deregulated energy market in the world. We are
confident in our ability to bring our core competencies,
experience, and depth of product offering to this high-growth
market as we seek access to the over 85 million gas and power
meters in Japan. In line with our growth strategy, we believe we
can continue to disrupt the utility markets with new channels and
products while creating strong residential and commercial customer
relationships. In addition, this provides further opportunities to
diversify our business model and improve our risk profile in a
market where we see additional potential to grow our global
platform.”
Mr. Lewis added, “As a global company with 20
years of experience, and approximately 1.5 million customers across
North America, the U.K., Germany, and Ireland, Just Energy is
well-positioned to offer Japanese customers energy solutions that
deliver comfort, convenience and control, along with flexible
product options to meet their unique needs.”
Just Energy expanded beyond North America in
2012 when the Company began marketing electricity to commercial
customers in the United Kingdom under its Hudson Energy brand. That
followed, in 2013, with the launch of Green Star Energy which
markets electricity and natural gas to U.K. residential consumers.
Just Energy’s global footprint further expanded in 2016 with its
entry into Germany, and most recently expanded into Ireland in
September 2017.
About Just Energy Group
Inc.Established in 1997, Just Energy is a leading retail
energy provider specializing in electricity and natural gas
commodities, energy efficiency solutions, and renewable energy
options. With offices located across the United States, Canada, the
United Kingdom, Germany, Ireland and Japan, Just Energy serves
approximately 1.5 million residential and commercial customers
providing homes and businesses with a broad range of energy
solutions that deliver comfort, convenience and control. Just
Energy Group Inc. is the parent company of Amigo Energy, Green Star
Energy, Hudson Energy, Tara Energy and TerraPass. Visit
justenergygroup.com to learn more. Also, find us on Facebook and
follow us on Twitter.
FORWARD-LOOKING STATEMENTSJust
Energy's press releases may contain forward-looking statements
including statements pertaining to customer revenues and margins,
customer additions and renewals, customer attrition, customer
consumption levels, general and administrative expenses, dividends,
distributable cash and treatment under governmental regulatory
regimes. These statements are based on current expectations that
involve a number of risks and uncertainties which could cause
actual results to differ from those anticipated. These risks
include, but are not limited to levels of customer natural gas and
electricity consumption, rates of customer additions and renewals,
rates of customer attrition, fluctuations in natural gas and
electricity prices, changes in regulatory regimes and decisions by
regulatory authorities, competition and dependence on certain
suppliers. Additional information on these and other factors that
could affect Just Energy's operations, financial results or
dividend levels are included in Just Energy's annual information
form and other reports on file with Canadian securities regulatory
authorities which can be accessed through the SEDAR website at
www.sedar.com, on the U.S. Securities Exchange Commission’s website
at www.sec.gov or through Just Energy's website at
www.justenergygroup.com.
Neither the Toronto Stock Exchange nor the New
York Stock Exchange has approved nor disapproved of the information
contained herein.
FOR FURTHER INFORMATION PLEASE
CONTACT:
Pat McCulloughChief Financial OfficerJust
Energy713-933-0895pmccullough@justenergy.com
or
Michael CummingsInvestor RelationsAlpha IR Group
617-461-1101michael.cummings@alpha-ir.com
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