News Column

Just Energy Reports Third Quarter Fiscal 2013 Results and Fiscal 2014 Dividend Policy

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The Company maintains its focus on the preservation and profitability of the energy customer base. A total of 241,000 customers were lost during the quarter and replaced by new additions. This compares to 195,000 lost a year earlier and 297,000 lost in Q2.

In addition to the 341,000 new customers added to offset this, a further 203,000 customers renewed their contracts during the quarter. The Company's traditional salesforce was augmented by strong results from telemarketing, internet sales and network marketing. With the opening of new markets such as the U.K., Just Energy's sales capacity remains at its highest level in history. The recent U.K. supply agreement with Shell shows the progress being made in Europe.

Long-term energy customer aggregation                           October 1,                             Failed to                                 2012   Additions    Attrition        renew----------------------------------------------------------------------------Natural gas                         ---------------------------------------------------Canada                        557,000      20,000      (11,000)     (42,000)                         ---------------------------------------------------United States                 469,000      47,000      (28,000)      (7,000)----------------------------------------------------------------------------Total gas                   1,026,000      67,000      (39,000)     (49,000)--------------------------------------------------------------------------------------------------------------------------------------------------------Electricity                         ---------------------------------------------------Canada                        660,000      25,000      (15,000)     (22,000)                         ---------------------------------------------------United States               2,331,000     246,000      (57,000)     (59,000)                         ---------------------------------------------------United Kingdom                  7,000       3,000            -            -----------------------------------------------------------------------------Total electricity           2,998,000     274,000      (72,000)     (81,000)--------------------------------------------------------------------------------------------------------------------------------------------------------Combined                    4,024,000     341,000     (111,000)    (130,000)--------------------------------------------------------------------------------------------------------------------------------------------------------Long-term energy customer aggregation                            December                  December                                 31,  % increase           31,  % increase                                2012  (decrease)          2011  (decrease)----------------------------------------------------------------------------Natural gas                        ----------------------------------------------------Canada                       524,000          (6)%     571,000          (8)%                        ----------------------------------------------------United States                481,000           3%      566,000         (15)%----------------------------------------------------------------------------Total gas                  1,005,000          (2)%   1,137,000         (12)%--------------------------------------------------------------------------------------------------------------------------------------------------------Electricity                        ----------------------------------------------------Canada                       648,000          (2)%     678,000          (4)%                        ----------------------------------------------------United States              2,461,000           6%    1,943,000          27%                        ----------------------------------------------------United Kingdom                10,000          43%            -           -----------------------------------------------------------------------------Total electricity          3,119,000           4%    2,621,000          19%--------------------------------------------------------------------------------------------------------------------------------------------------------Combined                   4,124,000           2%    3,758,000          10%--------------------------------------------------------------------------------------------------------------------------------------------------------

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