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Victoria Power Networks Pty Ltd
CitiPower Powercor is a Proprietary Company that generates the majority of its income from the Electricity Distribution industry. In 2024 the company generated total revenue of $2,324,910,000 including sales and other revenue. In 2024 CitiPower Powercor had 2,314 employees including employees from all subsidiaries under the company's control. The Chief Executive of CitiPower Powercor is Mr Timothy Rourke whose official title is Chief Executive Officer Powercor & CitiPower. The Chairman of CitiPower Powercor is Mr Peter Tulloch whose official title is Chairman. Victoria Power Networks Pty Ltd is the consolidating parent of the group of companies that manage and operate Victoria’s electricity distribution and sub-transmission networks. Victoria Power Networks operates through two main divisions: CitiPower - Management and ownership of inner-suburban Victoria and Melbourne CBD’s electricity distribution networks. Powercor - Electrical distribution to areas in western and central Victoria and Melbourne’s outer western suburbs.The company’s primary business is to manage the poles, wires, and equipment that deliver electricity to homes and businesses in Melbourne and across central and western Victoria.
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What's included in this industry analysis
IBISWorld's research coverage on the Victoria Power Networks Pty Ltd includes market sizing, forecasting, data and analysis. The most recent publication will be as current as of March 2026.
Company Details
What’s this enterprise profile about?
Victoria Power Networks Pty Ltd, trading as CitiPower Powercor, operates under the ABN 37 116 940 820 and was incorporated on 01 November 2005. Victoria Power Networks Pty Ltd primarily operates in the Electricity Distribution industry in Australia.
Key Personnel
What’s included in the Key Personnel chapter?
The Key Personnel chapter outlines the principal leadership positions within Victoria Power Networks Pty Ltd, including the Chairman, Board members, Chief Executive Officer, and other key management personnel. It provides an overview of the company’s governance and executive structure, along with a breakdown of gender diversity across leadership roles, offering insight into the composition of the organisation’s senior team.
Financials
What’s included in the Financials chapter?
The Financials chapter presents Victoria Power Networks Pty Ltd’s historical financial performance, including detailed profit and loss statements outlining sales revenue, cost of sales, and profitability. It also incorporates balance sheet data, providing a breakdown of assets and liabilities, as well as additional financial metrics such as the number of shares on issue. Together, these disclosures offer a comprehensive view of the company’s financial position and performance over time.
Growth & Ratios
What’s included in the Growth & Rations chapter?
The Growth & Ratios chapter provides historical data on key financial performance indicators, enabling an assessment of the company’s operational efficiency, profitability, and financial structure over time. Metrics covered include return on equity, return on assets, profit margins, revenue per employee, as well as gearing and leverage ratios, offering a comprehensive view of performance trends and capital management.
Operating Segments
What’s included in the Operating Segments chapter?
The Operating Segments chapter provides an overview of the revenue composition and asset allocation across the various industries in which Victoria Power Networks Pty Ltd operates. It offers insights into how the company’s financial performance is distributed among its core business segments, highlighting the relative contribution of each industry to total revenue.
Competitor Benchmarking
What’s included in the Competitor Benchmarking chapter?
The Competitor Benchmarking chapter includes a comparative assessment of Victoria Power Networks Pty Ltd’s key financial, growth, and valuation ratios against industry averages to evaluate its competitive position. It analyses valuation metrics such as price-to-earnings, price-to-book, enterprise value to EBITDA, and enterprise value to sales, alongside core financial indicators including liquidity ratios and profitability measures.
Shareholders
What’s included in the Shareholders chapter?
The Shareholders chapter provides a breakdown of the ownership structure of Victoria Power Networks Pty Ltd, identifying key shareholders and outlining their respective ownership interests. This section offers insight into the concentration of shareholdings, the presence of institutional or strategic investors, and the overall distribution of equity within the company.
Subsidiaries
What’s included in the Subsidiaries chapter?
The Subsidiaries chapter provides an overview of the companies and business entities that are wholly or partially owned by Victoria Power Networks Pty Ltd. It outlines the ownership structure of each subsidiary, offering insight into the broader corporate group and how these entities contribute to the company’s overall activities and performance.
History
What’s included in the History chapter?
The History chapter presents a overview of Victoria Power Networks Pty Ltd’s development, highlighting key milestones and significant corporate events since its incorporation. It includes the company’s incorporation date and outlines major strategic, operational, and structural developments, providing context for its evolution and current market position.
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Frequently Asked Questions
What is Victoria Power Networks Pty Ltd?
Victoria Power Networks Pty Ltd is the consolidating parent of the group of companies that manage and operate Victoria’s electricity distribution and sub-transmission networks. Victoria Power Networks operates through two main divisions: CitiPower - Management and ownership of inner-suburban Victoria and Melbourne CBD’s electricity distribution networks. Powercor - Electrical distribution to areas in western and central Victoria and Melbourne’s outer western suburbs.The company’s primary business is to manage the poles, wires, and equipment that deliver electricity to homes and businesses in Melbourne and across central and western Victoria.
What industry does Victoria Power Networks Pty Ltd operate in?
Victoria Power Networks Pty Ltd, trading as CitiPower Powercor, is a Private Company that generates the majority of its income from the Electricity Distribution industry in Australia.
Where is Victoria Power Networks Pty Ltd located?
Murray Cod Australia Limited company is based at 40 Market Street, Melbourne, Victoria, Australia.
Who is the CEO of Victoria Power Networks Pty Ltd?
The Chief Executive Officer Powercor & CitiPower of Victoria Power Networks Pty Ltd is Peter Tulloch and the Chief Executive Officer Powercor & CitiPower is Timothy Rourke.
What was Victoria Power Networks Pty Ltd’s revenue in 2025?
In 2025, Victoria Power Networks Pty Ltd generated total revenue of approximately $2.3 billion.
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