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 security uncertainty – never has the need for a national energy policy been greater,” Mr Stretch said.
“There is a huge opportunity and responsibility to get the transition from fossil fuels to renewables right, given the significant impact on the energy market, economy, jobs and our environment.”Mr Stretch said that the important issue of demand side management using data, sensing and controlling, lighting and other technology was quick, low cost and achieved emissions reductions but continued to get lost in the national discussion on energy.
“Demand management is crucial because it can offset the rising costs of renewable energy or carbon pricing. It’s the only thing big energy users can control – that’s why we’re focussed on helping them with it. Businesses need to understand their energy consumption and figure out how to make it less.”
ERM Power sells 20% of the electricity powering Australian business, governments and industrials, and Mr Stretch said the company recognised the growing demand for solutions to better manage consumption.
Energy Solutions offers customers a fully integrated approach to energy efficiency, including demand response, power factor correction, energy management software, lighting solutions and timed energy procurement. These can deliver real electricity cost savings to organisations like government departments, schools, hospitals and the manufacturing sector.
“These solutions are already making a genuine difference to the bottom line for customers. One school we’ve been working with in Queensland, Beenleigh State High School, has been able to reduce its electricity cost per student by nearly 30% through an integrated energy efficiency program that we designed, supplied and installed.
“Imagine the impact of that program rolled out to schools on a state and even national basis, and in other sectors with large electricity users. The operational and environmental benefits could be both significant and enduring.”
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About ERM Power
ERM Power is an Australian energy company operating electricity sales, generation and energy solutions businesses. The Company has grown to become the second largest electricity provider to commercial businesses and industrials in Australia by loadi. A growing range of energy solutions products and services are being delivered, including lighting and energy efficiency software and data analytics, to the Company’s existing and new customer base. The Company operates 662 megawatts of low emission, gas-fired power stations in Western Australia and Queensland.
iBased on ERM Power analysis of latest published information.