#Electricity
Renewables the cheapest new-build power in Australia: CSIRO
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 […]
NSW SME’s could be saving more than $2500 per year on electricity
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 […]
SMEs investment and employment impeded due to electricity price hikes outpacing inflation
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%), […]
Coalition says new deal will lower electricity bills for SMEs but union warns prices will rise
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 […]
Soaring electricity costs putting SMEs under ‘unacceptable pressure’, ACCC inquiry finds
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. […]
Peer-to-peer trading: how it could address the rising cost of electricity for small businesses
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 […]
Energy startups have to be ‘very smart’ in how they challenge the big retailers: Evergen’s CEO
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 […]
Businesses said to see cheaper electricity with Government reforms
Australian Government-led reforms to the energy sector are expected to provide businesses and households with cheaper electricity bills, with price determinations to provide a guide on charges.
AGL penalised $1 million for misleading discount claims
The South Australian arm of electricity retail giant AGL has been penalised over $1 million for misleading customers on the discounts they would receive under the company’s energy plans.
Myths and facts about using solar energy in your business
There are dozens of claims floating around about solar power – so how can you know which are myths and which are facts?
National retail workshops kickoff to maximise SME energy efficiency
Retailers are being given the chance to cut business costs and boost energy efficiency thanks to free workshops being held around Australia.
SMBs to save on energy bills with new app
Online energy provider, Click Energy, recently launched an application to help households and SMBs to monitor their electricity usage and avoid bill shock.
Victorian Green Power electricity businesses can save $850/year
Victorian SMEs have the potential to save on average almost $850 on their annual electricity bill and 40 tonnes of carbon emissions an initiative delivered by the Victorian Employers’ Chamber of Commerce and Industry (VECCI) reveals.
Enersonic Power Saver device marketing ‘misleading’ court rules
Enersonic Power Saver Device, marketing by Auscha Corporation Pty Ltd and its former marketing manager Nagarajah Rajkumar was marketed in a misleading way, the Federal Court has found.
NightOwl goes “low energy” with Ergon
NightOwl Convenience stores retail franchise in Mount Pleasant Queensland, has been selected as part of Ergon’s Energy Sense campaign to have their energy used audited and reduced.
75% of business owners do not support a carbon tax or ETS
The Australian Chamber of Commerce and Industry released results of a national survey of over 1,000 Australian business owners showing that 75 percent currently oppose the unilateral adoption of an emissions training scheme or carbon tax
Electricity price rise to shock Queensland businesses
The new financial year will see a dramatic price hike in the electricity bills of all Queensland businesses, with a 13.29 percent increase in electricity costs.
Western Power plans failure
Western Power’s operational plan for 2009-2010 will only be finalised in 2010-2011, giving rise to fears of blackouts in Western Australia.
Smart Grid, Smart City project to cost $100 million
Smart Grid, Smart City – Australia’s first commercial-scale smart grid will be based in Newcastle, New South Wales, at a cost of $100 million to taxpayers.
ACCC paves way for cheaper electricity in NSW
The ACCC has rejected a NSW Government proposal that would require the State owned electricity Generators and the future acquirers of Gentrader bundles to co-insure against outages.
ETS backdown offers limited relief on electricity prices
The Independent Pricing and Regulatory Tribunal (IPART), New South Wales’ pricing regulator has committed the state to significant increases in electricity prices despite Kevin Rudd pushing back an emissions trading scheme (ETS) until 2013.
Renewable energy transmission lines planned for Queensland
The Queensland Resources Council (QRC) claims it will cost $1 billion to construct transmission lines linking Mount Isa to Townsville, but will create 1,800 jobs in the region.
ACCC blasts rules for NSW electricity privatisation
In a draft decision the Australian Competition and Consumer Commission (ACCC) has come out against rules proposed for electricity traders after privatisation of NSW’s electricity network.
Government holds Australia to ransom over electricity prices
Martin Ferguson, the federal Minister for Resources, Energy and Tourism has held Australians to ransom with threats of electricity network failures unless almost $100 billion is spent on the ailing infrastructure.