The Australian Energy Exchange: Energy Contract Auctions
Energy Action’s procurement service, the Australian Energy Exchange, is Australia’s leading energy exchange. The Exchange allows both natural gas and electricity suppliers to competitively bid against one another to supply your organisation’s energy. Thus, this enables you to compare the energy providers we work with to give you the best possible price.
After gaining an in-depth understanding of your energy needs, Energy Action will build an accurate energy contract specification for your business, moving you to auction at the optimum time.
The auction process works like a home auction in reverse – it sees retailers bid against each other for the right to supply your contract, with prices falling until a settlement figure is reached.
The presence of many suppliers offering the same commodity ensures price margins are slim. The decision to accept any offer lies with you.
Once a settling price has been reached, Energy Action will facilitate the seamless transfer of your contract to the retailer of your choice. Energy Action will manage and conduct the auction and coordinate the agreements within your organisation, meaning your effort is minimised while your control is not.
Through this unique service, Energy Action has secured energy contracts in excess of $5 billion and delivered millions of dollars worth of savings for Australian organisations.
For more information about how the Australian Energy Exchange can work for your business, please contact Energy Action on 02 9633 6400.