Tag: Electricity

Small Businesses Seek Support Amidst Energy Cost Surge and Sustainability Shift

Australia’s electricity supply security is the “most critical [energy] issue at present”, the 2020 Health of the National Electricity Market report reveals.  On Tuesday, the Energy Security Board (ESB) published the Health of the National Electricity Market (NEM) report. It found that Australia is at risk of major supply interruptions, making the security of electricity […]

A new CSIRO report GenCost 2020-21 has found that solar and wind are the cheapest source of energy in Australia based on integration costs of renewables in electricity generation. “Previous GenCost reports added arbitrary amounts of storage costs, but this year we used a model of the electricity system that optimises the amount of storage […]

Small businesses struggling with rising electricity prices can look forward to some relief following price cuts from some of Australia’s leading energy providers this month. Government pressure has resulted in energy retailers lowering their standard offer prices, meaning thousands of Australian families and small business owners will receive an automatic discount of up to 15 per […]

The price of electricity increased 8.9% last quarter, according to the latest ABS Consumer Price Index (CPI), prompting the nation’s peak employer body to warn that businesses are at ‘breaking point’.  The Consumer Price Index (CPI) rose 0.6 per cent in the September quarter 2017, with the most significant price rises that quarter being electricity (+8.9%), […]

Energy retailers and generators will be handed “unprecedented power to… control prices and drive up bills” under a new deal announced by the Federal Government, the Electrical Trades Union (ETU) has warned. On Tuesday, Malcolm Turnbull revealed the Federal Government will accept a recommendation of the Energy Security Board (ESB) for a National Energy Guarantee […]

Rising electricity costs over the past decade are a “drain on business productivity,” according to the Australian Competition and Consumer Commission’s inquiry into the national electricity market. The commission’s preliminary report into retail electricity pricing highlights concerns about the operation of the National Electricity Market, which pose an “electricity affordability problem” for consumers and businesses. […]

The brains behind Sydney-based startup Energy Bill Doctor are on a mission to provide consumers with a more complete picture of their energy costs and usage, via data analytics, while also driving the uptake of energy efficient solutions. Founded by Tim Wolfenden and Andrew Long, Energy Bill Doctor is a free online energy comparison tool that enables […]

The opportunity for small to medium sized businesses to make the switch to solar and batteries is stronger than it has ever been. Similar to households, small businesses typically pay high electricity rates and unlike big businesses, possess less negotiating power on energy retail costs. Small businesses also tend to have tighter budgets when it […]

Evergen is taking advantage of a “once-in-a-hundred-years” opportunity for startups to gain ground against Australia’s legacy energy retailers, its CEO told Dynamic Business.  Launched in August, last year, Evergen sells intelligent home energy systems that utilise solar power, batteries and CSIRO technology, which has been exclusively licensed to the energy services startup. Co-founded by Emlyn Keane […]