Author - Shelley Tuicakau

Energy Efficiency Funding for Manufacturers - ERM Power

Energy Efficiency Funding for Manufacturers

The NSW Government is offering up over $16m in matched funding to help manufacturing businesses save energy and money.
The NSW Office of Environment and Heritage funding is open for manufacturing businesses in NSW, as well as potentially those that undertake manufacturing activities, to boost their energy efficiency.
Manufacturers are energy intensive and some of the largest users of energy in the country, so this comes as a valuable opportunity for businesses to upgrade to energy efficient equipment, improve energy metering…

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February 21, 2019 Blog ,
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Record electricity prices driven by extreme weather

Record electricity prices driven by extreme weather, generator outages and aggressive patterns of generator bidding behaviour, outlines ERM Power EGM Trading David Guiver.
Forward contract prices escalating: high pool prices, as a result of recent events, have led to higher contract prices for commercial and industrial customers. Unpredictable market behaviour highlights the importance of good energy management strategies for large power consumers in a volatile energy market and policy environment.
Much has been written about the extreme pool price volatility that…

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February 1, 2019 Blog
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Prime time for helping smooth the flow

ERM Power CEO Jon Stretch makes no attempt to hide his frustration with the latest failed attempt to get a national energy policy up and running, even though it means plenty of opportunity for his business to grow.
“It’s just beyond belief that at five minutes to midnight, when there has been an incredible amount of consultation with industry, with industry groups, with consumers, with competition groups et cetera, that we just saw politics of the worst kind make the…

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October 16, 2018 Blog
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Energy customers saving through free service – but significantly more left on the table

A unique, free service offered by energy retailer ERM Power has this year identified potential annual savings of more than $3.4 million for its large(i) customers – savings that can be achieved by simply moving to a different network tariff.
The savings were revealed through analysis of almost 15,000 large customer sites since January this year by ERM Power, which is the second largest electricity retailer to commercial business and industrial customers in Australia by load.
The company regularly reviews the…

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September 12, 2018 Media Release
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ERM Power and FG Advisory partner to provide complex energy management solutions

ERM Power and FG Advisory are pleased to announce a partnership that will see them collaborating to provide energy management solutions to New South Wales Government departments and agencies.
The ERM Power/FG Advisory partnership has been selected as a pre-qualified energy service provider to the Energy Performance Contracting Panel, managed by the NSW Office of Environment & Heritage on behalf of the NSW Government.
Panel members are selected every four years and are pre-qualified to provide energy services at existing government…

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September 3, 2018 Media Release
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Planning The Key To Managing Energy Prices

Australian businesses are failing to seize the opportunity to take control of their energy consumption, despite the increasing cost of electricity being their most pressing concern, new research from ERM Power shows.
The research, conducted for ERM Power by MCR (Market and Communications Research)* reveals that only four in ten businesses surveyed have in place, or are working on, a formal energy management strategy, and only two in ten have KPIs related to energy or sustainability.
With energy prices forecast to stay…

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November 14, 2017 Media Release
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ERM Power Urges A Reasoned, Calm Approach To Finkel Report

ERM Power (ASX: EPW) has welcomed the much-anticipated Finkel Report and hopes that for the sake of energy consumers it will provide a pathway which lends certainty to investors and the energy industry.
CEO Jon Stretch said the company would take some time to digest the recommendations in Chief Scientist Dr Alan Finkel’s report, released today (9 June).
“I would call for a reasoned and calm approach to analysing Dr Finkel’s report,” he said. “We don’t believe anyone should be ruling…

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June 9, 2017 Media Release
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ERM Power Signs Offtake Agreement For Wind Farm Project In SA

ERM Power (ASX: EPW) has signed two Large-scale Generation Certificate (LGC) offtake agreements with Nexif Energy, supporting construction of the 212MW Lincoln Gap Wind Farm in South Australia.
ERM Power Managing Director & CEO Jon Stretch said it was gratifying to support a project which had been a long time in development and which delivered new renewable sources of energy in Australia.
“We’re helping deliver new wind and solar energy into the system like this Nexif Energy wind project due to…

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April 11, 2017 Media Release
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ERM Power Announces Renewables Offtake Agreements

ERM Power today announced it has reached agreement on commercial terms that will underpin the construction of two renewable energy generation assets in Australia. The two facilities will have a combined capacity of more than 300MW.
The foundation contracts for the purchase of Large-scale Generation Certificates (LGCs) have been the subject of negotiation with developers since mid-2016 and will commence in 2018. Project details remain commercial in confidence until the respective projects reach financial close, and are subject to standard…

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February 23, 2017 Media Release
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Taking The Heat Out Of Summer Energy Bills

Beenleigh School Program slashes power bills.
As large parts of Australia swelter through the latest heatwave, energy expert ERM Power is urging schools and businesses to consider a number of energy saving initiatives that will help take the sting out of their power bills.
“We know from our many years of working with schools and large commercial and industrial sites that summer is traditionally a very expensive time for them. Unfortunately, extreme weather conditions like those we’re seeing this week will…

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February 13, 2017 Media Release
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Energy Market Uncertainty Signals The Criticality Of Energy Consumption Management

ERM Power CEO Jon Stretch said today that heightened concerns about energy policy, price and security are a timely reminder to businesses that consumption is the only lever available to them to help control spiralling electricity costs.
Mr Stretch said managing energy consumption through demand side management was the cheapest form of carbon abatement but was lost in the debate because of the focus on the supply side of the energy equation.
“The energy sector is characterised by policy, pricing and…

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November 4, 2016 Media Release
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ERM Power Appoints Executive General Manager Energy Solutions

ERM Power Limited (ASX: EPW) today announced the appointment of Megan Houghton to its executive team, in the newly created role of Executive General Manager Energy Solutions.
Ms Houghton, a former Telstra Queensland Business Woman of the Year, joins ERM Power from her role as Director-General for the Queensland Department of Tourism, Major Events, Small Business and the Commonwealth Games.
Ms Houghton is a senior executive with 20 years’ experience in consulting, energy and water utilities. She has previously held senior…

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October 6, 2016 Media Release
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Helping Small Business Cut Electricity Bills

ERM Power Limited (ASX: EPW) is on a mission to reduce electricity “bill shock” by helping small business owners more efficiently manage their electricity costs.
ERM Power Executive General Manager Business Energy Steve Rogers said small businesses were often faced with the challenge of juggling their expenses with their cash flow, and the cost of electricity was often a shock when the bill arrived.
Mr Rogers said that although the cost of electricity was often a large part of businesses’ overall…

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May 27, 2016 Media Release
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ERM Power Retains Major NSW Government Electricity Contract

ERM Power (ASX: EPW) has successfully extended its electricity sales contract valued at more than $30 million with the New South Wales Government.
The contract covers government departments and agencies across more than 10,000 sites, including emergency services centres, medical facilities and schools.
ERM Power has held this NSW Government contract since July 2013 and has retained the contract for a further 12 months through a review and extension process.
Managing Director and CEO Jon Stretch said winning and retaining this contract…

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April 18, 2016 Media Release
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ERM Power Announces Half Year Results

ERM Power Limited (ASX: EPW) today reported underlying EBITDAF1 of $37.9m for the six months to 31 December 2015, a decrease of 15% on the first half of FY2015. Underlying EBITDAF growth of $7.6m in the Australian electricity retailing business was offset by US business investment and the change in contract and operations of the Oakey Power Station, as previously guided.
The Company also announced it has finalised a A$150m, three-year committed surety guarantee facility with Liberty International Underwriters Singapore, and…

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February 25, 2016 Media Release
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