Energy Watch enters administration and lays off 50 staff but company looks to regroup

Energy Watch was placed into administration last week with about 50 staff made redundant and $580,000 in superannuation owing, but the company is set to resurface in another form with concerns expressed that staff will be left “high and dry”.

The utility broker’s difficulties became public when founder and former chief executive Ben Polis stepped down from his role after making racist and offensive remarks on his personal Facebook page. 

Energy Watch’s troubles deepened when the Fair Work Ombudsman issued it with a compliance notice on Tuesday demanding payment of $580,000 in staff’s superannuation by the end of May.