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Why CFOs Are Switching Energy Retailers

Today’s CFOs know that time is money, and time wasted on avoidable administration means less time spent on bigger business issues. With energy costs becoming a bigger part of the bottom line, energy management is increasingly part of the CFO’s remit. In this article, we explore three of the reasons CFOs are making the decision to switch energy retailers.
Process efficiency
It’s a fact that freeing your staff from menial tasks allows their capabilities to grow and increases employee engagement. But…

Information You Need to Take Control of Your Energy

Energy has become a key strategic issue for today’s commercial & industrial business leaders. In the changing energy landscape, having access to wholesale energy market information and understanding your own site usage can be invaluable to strategy planning. Price volatility, regulatory uncertainty and new technologies have brought new options that can provide a competitive advantage, from basic cost control and compliance through to operational performance, productivity and corporate social responsibility.
Before organisations can develop a plan for energy management, they…

Top 3 Reasons Businesses Leave their Energy Retailer

A recent report commissioned by ERM Power has revealed the top three reasons businesses leave their energy retailer.
A survey of over 160 commercial and industrial organisations by PwC has identified the attributes businesses value the most in their energy retailer, and the reasons they switch providers. It found that while price is important, there are other factors that influence customer choice.
1. Better Product Offering
Increasing uncertainty in the energy market means customers are looking for flexible products that give them…

5 Tips When Recontracting Your Business Energy

When it’s time to recontract your business energy, it’s all about being prepared and doing your homework.
1. Get your site information in shape
It’s important that everyone involved in the recontracting process has a clear picture of the business needs. Work with your procurement department or energy advisor to identify the following information for each of your sites:

Site addresses
NMIs (National Metering Identifier, a unique reference for each connection point)
Current contract end date
Current charges and costs
Annual consumption
Any forecast changes to your…

PwC asks: Beyond price, what are Australian businesses looking for from their energy retailer?

In the first initiative of its kind, ERM Power commissioned PwC to survey over 160 commercial and industrial organisations to identify the attributes they value the most in their energy retailer. They found that while price is important, there are other factors that matter significantly and that shape customer choice when it comes to contracting business energy.
Here’s what else the research revealed:

Almost 20% of customers experienced moderate or significant issues with their current electricity retailer
93% of these customers spend…

What’s your business energy going to cost you these holidays?

Your buildings could be costing you money this holiday season, according to data and analysis of commercial energy use from ERM Power.
Megan Houghton, ERM Power’s Executive General Manager Energy Solutions, says their analysis may surprise many executives, but close to one in 10 commercial premises in Australia are running energy intensive building systems despite being unoccupied on public holidays.
“Applying these findings to the National Electricity Market, we estimate Australian businesses potentially waste about two million kilowatt hours of power…