Tag - Media Releases

ERM Power launches Corporate PPA offering

ERM Power is launching a new Corporate Renewable Power Purchase Agreement (PPA) product to facilitate easier access to renewable energy sources for commercial and industrial customers.
“This allows commercial and industrial businesses to buy a partial interest in the output of a large renewable power station, to support their business and environmental energy objectives,” said Executive General Manager Trading David Guiver.
“Working through ERM Power, businesses can enjoy the benefits of a PPA without the intricacies of negotiating and managing a…

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April 29, 2019 Media Release
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ERM Power Underpins Construction Of Queensland Solar Farm

ERM Power (ASX: EPW) has signed a power and Large-scale Generation Certificate (LGC) offtake agreement with Edify Energy to underpin construction of the 58MW large-scale Hamilton Solar Farm in regional Queensland.
ERM Power Managing Director & CEO Jon Stretch said today’s announcement further reinforced the Company’s commitment to supporting the growth of renewable sources of energy in Australia.
The agreement will see ERM Power purchase all of the energy and LGCs produced by the Hamilton Solar Farm in coming years.
“ERM Power’s…

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March 13, 2019 Media Release
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Energy assessments identifying big savings for big customers

ERM Power is identifying an average 27% potential savings on electricity bills for business customers undertaking an energy assessment – equating to an average $144,000 of potential savings per annum, per assessment. [1]
EGM Energy Solutions Megan Houghton says many of the large companies that ERM has worked with are unaware these savings are possible.
“The most obvious thing we’ve noticed is that most businesses are preoccupied with their day-to-day tasks and targets, and they don’t necessarily have the internal capabilities…

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December 6, 2018 Media Release
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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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ERM Power Lodges Submission to the National Energy Guarantee

ERM commends the ESB for embedding competition imperatives in the Guarantee. These cannot be compromised.
Guarantee must not diminish competition or entrench the power of large energy incumbents.
ERM Power’s final submission on the National Energy Guarantee supports key design elements which foster competition and market liquidity for the benefit of consumers while noting areas that require more consideration.
ERM Power CEO Jon Stretch said impressive progress has been made in designing the Guarantee in a highly consultative process which is a…

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July 13, 2018 Media Release
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Buildings Behaving Badly: Who Topped the Christmas List?

About one in 10 commercial and office buildings around Australia were ‘lit up like Christmas trees’ running their energy-intensive building systems despite being unoccupied on Christmas Day, says new data from ERM Power, Australia’s second largest commercial and industrial (C&I) energy retailer.i
ERM Power analysed the actual energy consumption data of thousands of business and government sites around Australia that it would normally expect to be shut, to determine how good or bad their energy performance was on the quietest…

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July 12, 2018 Media Release
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National Energy Guarantee Must Deliver Optimal Mix of Resources

Reliability, sustainability and affordability without major market disruption and cost.
ERM Power has today released its submission, jointly signed by 10 retailers, on the National Energy Guarantee (NEG) urging policy makers to get the design right to drive investment in the right resources in the right locations while supporting competition and reducing cost.
The Energy Security Board (ESB) discussion paper opens up the conversation on how to deliver affordable energy, well-placed and well-timed dispatchable resources, such as batteries, demand response and…

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July 12, 2018 Media Release
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New Generation of Financial Products Launched to Support Renewables

ERM Power, one of the largest participants in the Australian electricity financial markets, has launched an innovative solar risk management product which bridges the gap for renewables developers in a dynamic and changing energy industry.
The solar product is the first of a new generation of financial instruments which respond to the rapidly evolving Australian renewables market. The first trade was finalised within days of the product being released to the market.
ERM Power Executive General Manager Wholesale Markets David Guiver…

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July 12, 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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