Energy Market Price Changes

Wholesale Energy Market Price Changes: Can You Take Advantage?

With Australian businesses squarely focused on responding to today’s uncharted challenges, it would be little wonder if you missed changes in Australia’s wholesale energy market prices. However, at a time when finding business cost savings is paramount, these price changes may present you with a chance to lower your business energy costs and take more control over your future power bills.
Changes in wholesale energy market prices
Wholesale electricity prices for the eastern states have reduced significantly since October 2019. With…

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Five-minute settlement rule changes

Three Month Delay to Five-Minute Settlement Market

The implementation of the Five-Minute Settlement Market has been delayed by three months to 1 October 2021 in a final determination made by the Australian Energy Market Commission (AEMC).
In April, the Australian Energy Market Operator (AEMO) requested a 12-month delay to the rule’s commencement in response to the global pandemic to allow market participants to focus on the ongoing supply of electricity and support for energy customers.
The Commission has stated that its determination for a three-month delay balances the…

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Quarterly Wholesale Energy Market Update: January – March 2020

This quarter, Executive General Manager Wholesale Energy Markets David Guiver discusses price, generation mix and demand outcomes across each state. He looks at fuel impacts and their potential influence on spot price and forward electricity contract market price. David also discusses the environmental certificate market, in particular the spot price of the four main schemes.

This video has been prepared for information and explanatory purposes only and is not intended to be relied upon by any person. Customers should seek…

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Lower CO2 Emissions

Effectively Transitioning To Lower Carbon Emissions

I am often asked by our customers “how do we make the transition to lower carbon emissions in a way that is appropriate for our business?” In principle, to advance the transition is relatively simple – we start with clear targets and move from there. To answer what is “appropriate” is more challenging as it will be quite subjective considering each business’s unique circumstances. Their journey towards lower carbon emissions may be driven by a desire for cost savings,…

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ERM QUT Sponsorship for women

ERM drives diversity in tech with QUT Undergraduate Scholarship for women

ERM Power is excited to announce applications are open for the ERM Power Undergraduate Scholarship for Women in IT.
The scholarship was created in partnership with QUT’s Science and Engineering Faculty. The program was established in 2019 as part of ERM’s continued commitment and investment in improving diversity both within their business and STEM fields of work.
The scholarship is valued at $20,000 and is open to undergraduate students enrolled in full-time studies in Information Technology, Engineering (Computer and Software Systems)…

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This Summer's Energy Market Highlights

This Summer’s Energy Market Highlights

Ever wondered about the underlying events in the wholesale energy market? Let’s see what has impacted the Australian energy market over the summer.
Wednesday, 18 December 2019

Critical Peak Demand Day, as declared by AusNet – ausnetservices.com.au/Business/Electricity/Demand-Management/Critical-Peak-Demand-Tariff

Monday, 30 December 2019

High temperatures in Victoria, some coal-fired units were offline for maintenance and transmission line outages occurred.
AEMO dispatched RERT in Victoria in trading intervals from 5 pm to 11 pm – aemo.com.au/energy-systems/electricity/emergency-management/reliability-and-emergency-reserve-trader-rert
The Victorian spot price was $6,449/MWh for the period from 3 pm…

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Network Tariff Optimisation

Our complimentary network tariff review could save your business money

With a Network Tariff Review fast approaching in March, we explain exactly what it means and explore how it can assist larger businesses in managing the cost of energy.
What to look out for and why
Twice a year, our Operations Team conduct a review of our large customers’ network tariffs to identify potential savings for their business. This is a complimentary service that we offer our customers and one that has proven highly effective in helping our larger customers stay…

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Retailer Reliability Obligation

The Retailer Reliability Obligation

We take a closer look at exactly what the Retailer Reliability Obligation (RRO) is and what’s been happening since it came into effect in July 2019.
RRO Update
The Retailer Reliability Obligation (RRO) formally took effect on July 1 2019. Since then, the South Australian Minister for Energy and Mining has triggered the RRO in South Australia for certain periods during January to March 2022 and 2023.
For all other states in the NEM, this authority sits with AEMO which must identify…

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David Guiver for ERM Power's Quarterly Wholesale Market Update

Quarterly Wholesale Market Update: October – December 2019

This quarter, Executive General Manager Trading, David Guiver, has a final look at the 2019 LGC supply-demand balance, talks about Q4 ’19 electricity and generation supply mix and looks back at the historical energy contract prices to see if there are lessons to be learned for the future.

Need help gaining control of your energy consumption and usage? We can help you navigate a complex energy environment, targeting an average 25% improvement in your business’ energy productivity. Learn more about…

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Why CFOs Are Switching Energy Retailers

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…

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Are You Getting the Information You Need to Take Control of Your Energy?

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…

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The Top 3 Reasons Businesses Leave their Energy Retailer

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…

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5 Tips When Recontracting Your Business Energy

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…

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What is Demand Response?

ERM Power runs a Demand Response program that rewards your organisation for reducing the amount of electricity it takes from the grid during very high usage periods. Your organisation will be on call, and paid to turn off machinery or appliances, or switch to on-site generators for a period of time during these ‘events’.
We’ll tell you when we’d like your organisation to participate, either by SMS or email, and you can decide whether it’s suitable to participate. Alternatively, we…

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PwC Survey of large organisations

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…

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