Tag - Energy Supply

Smart Advice to Secure the Best Energy Deal for Big Business

Smart Advice to Secure the Best Energy Deal for Big Business

Are you a large business considering switching business energy providers or hunting for the best energy deal? A word to the wise: lock in the best possible terms by thinking green and assuming nothing.
Having dealt with soaring energy costs, big businesses are becoming more savvy when it comes to energy. They know they can save significantly if they negotiate energy prices with retailers. But what many don’t realise is that’s not the only way you can control what you…

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ERM Staff conducting Network Tariff REviews

Network Tariff Reviews reveal $3.5 million in potential savings for customers

ERM Power has completed the latest round of customer network tariff reviews and Steve Rogers, Executive General Manager Energy Retail, is urging customers to check their inboxes for potential savings.
Network charges (tariffs) make up a significant portion (approximately 33%) of a large customer’s total energy bill. It’s important customers regularly check the tariff structure is right for their business.
Potential savings on the table
“In this round of network tariff reviews, we’ve identified $3.5m worth of savings for our large customers….

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Retailer Reliability Obligation image

The Retailer Reliability Obligation

After more than a year of consultation, the Retailer Reliability Obligation (RRO) is set to formally take effect from 1 July 2019.
In response to predictions of energy supply shortfalls in Australia over the next ten years, the Energy Security Board (ESB) has been working to deliver a mechanism that ensures a reliable supply through the RRO framework. Originally conceived as part of the National Energy Guarantee, the RRO will impose new requirements on retailers and other large users to…

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Image of wind turbines in relation to Corporate PPA

ERM Power launches Corporate PPA offering

ERM Power is proud to have launched a new Corporate Renewable Power Purchase Agreement (PPA) product to enable easier access to renewable energy sources for commercial and industrial customers.
According to David Guiver, ERM’s Executive General Manager Trading, the new product allows commercial and industrial businesses to buy a partial interest in the output of a large renewable power station in order to support their business and environmental energy objectives.
“Working through ERM Power, businesses can enjoy the benefits of a…

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Managing energy spend in a volatile market

With energy market volatility likely to continue, when you agree your contract rates can make a significant difference to your costs.
ERM Power’s STEP Online product is designed to help larger businesses (those using >5000 MWh per year, in at least one State) manage timing risk and their exposure to market volatility.
Instead of agreeing to all prices up front at the time of contracting, STEP Online allows customers to choose prices for parcels as small as 5% on a quarterly…

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A large ERM Power customer

Will your business save in our next Network Tariff Review?

 

Did you know that network charges (tariffs) can make up about 33% of a large customer’s total energy bill? Tariffs are separate from electricity charges, and the impact of being on the wrong one can be significant.
At ERM Power, we want to help you minimise energy costs. Our twice-yearly Network Tariff Review is one way we can help. The Network Tariff Review is a complimentary service we offer our large customers to check if you are still on the…

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The 3 key factors influencing higher energy prices

David Guiver, ERM Power’s Executive General Manager of Trading, explains that several key factors are likely to be influencing market increases and general energy price volatility. These are:
1. Predictions of a hot, dry summer ahead
Future weather forecasts can significantly influence energy markets because suppliers look at these predictions closely when hedging energy purchases on the futures market and setting prices.
When the forecast says we’re in for a hot, dry summer, this indicates that businesses and households will use more…

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Network Tariff Review May Uncover Potential Savings

If your organisation is not on the right network tariffs for its energy profile and usage, you could be spending too much on electricity. Our network tariff review may uncover potential savings for your organisation.
Network Tariff Optimisation
Network costs can make up to a third of the overall cost of some customers’ electricity bills and while these costs are passed through to customers, being on the right network tariff for your site will ensure you’re not paying more than you…

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Using The ERM Power App

Smart Advice to Secure the Best Energy Deal

Considering switching business energy providers? A word to the wise: lock in the best possible terms by thinking green and assuming nothing.
Having dealt with soaring energy costs for years, organisations are becoming savvy. They know they can save significantly if they negotiate wholesale energy prices with retailers. What many don’t realise is that’s not the only way you can control what you pay for energy.
You have the power
“While network tariffs are fixed costs that stay the same no matter…

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RERT – The Challenges of Maintaining Supply in Extreme Weather

RERT operates outside of the National Electricity Market (NEM) and involves contracting large energy users to either use less energy or generate power from their own generators when called upon by AEMO.

Basically, big industrial users like aluminium smelters, steelworks and paper mills are compensated for ‘switching off’ to provide emergency relief if the power network is threatened.
Summer is traditionally the time of year the power network is most stretched. It’s not just high demand, but extreme temperatures and climatic…

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