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21st November 2019
Every year, the unpredictable hot weather that summer brings catches many businesses by surprise when their post-summer bills arrive. By February, business owners and managers are in recovery from bill shock and kicking themselves that they forgot to plan ahead with energy efficiency measures and investments. If you haven’t developed an energy strategy and are just hoping for a miracle, this article has some quick wins to help!
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13th November 2019
Every December customers and retailers face a “cliff face” when the majority of large market or Commercial & Industrial supply agreements expire. A commercial user is typically defined as spending more than $25,000 per annum on energy
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04th November 2019
NABERS is a national rating system that measures the environmental performance of Australian buildings, tenancies and homes. Put simply, NABERS measures the energy efficiency, water usage, waste management and indoor environment quality of a building or tenancy and its impact on the environment.
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23rd October 2019
The volatility of the National Electricity Market over the last few years has required the frequent intervention of the Market Operator in an attempt to stabilise the spot market. This has in turn prompted the state and federal governments, alongside the Market Operator and energy market regulator, to reform the electricity market.
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02nd October 2019
Did you know: No energy retailer is able to contract all small (SME) and large (C&I) sites for any national business, regardless of their location? The ramifications of a business’s inability to see their full energy picture at a glance is huge. A lack of centralised data exposes us to compliance and budgeting issues, not to mention creates room for error. The good news is, Energy Action has bridged this gap and solved this problem with the expansion of our monitoring service to include Energy Metrics SME…because size shouldn’t matter.
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02nd October 2019
Wholesale prices are falling below zero across the National Electricity Market (NEM) more frequently, as solar and wind generation outpaces demand. But what’s driving this and how does it impact the cost of energy more broadly?
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28th August 2019
Federal Goverment has introduced the Default Market Offer (DMO) to replace standing offers from energy retailers small business and residential consumers
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30th July 2019
On an annual basis, Energy Action conducts a network tariff review on behalf of its clients in each Australian state and territory to identify whether switching to a different tariff would lower their cost of electricity. Network charges can equate to 50% or more of a businesses’ electricity bill, so are a significant cost determinant.
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25th July 2019
With the uptake of corporate Power Purchasing Agreements (PPAs) capturing the attention of medium sized businesses and higher priced PPAs being offered to corporates, more Australian organisations are now exposed to significant medium-term financial risks according to energy management firm, Energy Action.
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28th June 2019
Energy Action is pleased to announce that it has secured a place as one of Energy CIO’s Insights’ top ranked renewable energy consulting firms in the Asia-Pacific region as part of the 2019 awards program.
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26th June 2019
On Tuesday 4th June, our wonderful offshore team in the Philippines alongside our Operations Director, Amber Gillogly participated in a team building/volunteer outreach day with the Aeta Tribe located in Sitio, Porac, Pampanga.
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26th June 2019
On 23rd May 2019, Energy Action commenced publication of the Western Australian Price Index. This is the first index of its kind to bring price transparency to the Western Australian electricity market for commercial and industrial customers
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26th June 2019
Over the past few months, our product management team conducted an extensive research program focusing on the client experience when using our Client Portal. Using these insights, Energy Action have been busy redesigning and rebuilding our Energy Metrics Portal and we are excited to announce that it is officially live!
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06th May 2019
Last week the Energy Efficiency Council (EEC) announced the appointment of John Huggart to the Council’s Board.
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01st May 2019
Recently, the Energy Minister discussed the benefits of innovative energy contracts in helping businesses better manage energy costs. There are a range of options for commercial users to secure energy differently and we look at just some of these options.
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01st May 2019
At the beginning of April, Josh Frydenberg handed down his first Budget as Federal Treasurer, outlining a range of energy-related initiatives expected to share centre stage with other key policy areas ahead of the impending election in May.
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10th April 2019
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06th March 2019
The New Year is in full swing and we would like to formally introduce our new Chief Executive Officer, John Huggart.
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27th February 2019
Energy management consultancy, Energy Action Limited (ASX:EAX) (“Energy Action”) today reported its financial results for the 6 months to 31 December 2018, with operating profit to $0.89 million, down 63% compared to the previous corresponding period, and a 25% decrease in overall revenue.
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21st February 2019
The recent elevated temperatures across South Australia, Victoria and New South Wales continues to put pressure on the National Electricity Market (NEM), and as AEMO moved to shore up supply through compulsory load shedding the debate around reliability intensified.
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20th December 2018
Volatility was a central theme within Australian energy markets in 2018 and with policy remaining an unresolved issue, we expect to see businesses continue moving independently to shore up supply and manage elevated costs.
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02nd November 2018
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02nd November 2018
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01st November 2018
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03rd October 2018
IPART have announced changes to the commercial lighting methodology under the NSW Energy Savings Scheme (ESS) that will come into effect on 1 November 2018.
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28th September 2018
To date, there has been no independent market pricing publicly available for the retail electricity market in Western Australia, known as the South West Interconnecting System (SWIS). We are about to change this.
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27th September 2018
The American Council for an Energy Efficient Economy (ACEEE) recently published its 2018 International Energy Efficiency Scorecard. The annual report, now in its fourth year has widened from initially covering the world’s 12 largest economies now to the world’s top 25 energy consuming nations. Australia ranked 18th this year, down from number 6 in 2014.
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16th August 2018
As many businesses continue to face power quality issues and higher electricity and gas prices, demand is increasing for bold solutions to help optimise energy usage and reduce costs.
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09th August 2018
On 10th August COAG will meet to further discuss the Commonwealth government’s National Energy Guarantee scheme. Whilst the objective of the government is to seek approval of the scheme at this meeting it has been uncertain for many months whether or not all states would sign up to the scheme, or even if they did, would the pro-coal/anti-renewables faction of the Coalition prevent its implementation.
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07th August 2018
Recently, the Australian Competition and Consumer Commission (ACCC) delivered a landmark report into electricity prices in the National Electricity Market (NEM). The investigation into the competitiveness of the retail electricity market within the NEM resulted in the ACCC handing down 56 recommendations to address higher prices.
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07th August 2018
AEMO has revised its outlook on Australia’s east coast gas market, outlining that previously predicted shortfalls in gas supply would be avoided in the longer term to 2030. However, despite easing supply concerns, higher prices are likely to remain in place as intermittent wind generation and higher winter demand underpin ongoing volatility.
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06th August 2018
As announced to the Australian Stock Exchange on August 6 2018, Energy Action has engaged PwC Australia to assist the company in conducting a review of the strategic options available to the Company, which includes assessing the potential sale, joint venture or merger of the Company with or to a larger organisation that can expedite growth.
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31st May 2018
While we have seen electricity process moderate, the reality of a higher price environment remains as a longer-term reality for energy users. For commercial and industrial energy consumers, there are a range of strategies to consider to better manage both consumption and price.
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31st May 2018
According to the Energy Action Price Index (EAPI), retail electricity prices continue to drift downwards from their peak in December 2017, as the National Electricity Network (NEM) sustained through the summer months without compulsory load curtailment in South Australia and Victoria.
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09th May 2018
Submissions to the Energy Security Board’s (ESB initial consultation on the National Energy Guarantee closed on 8th March. Soon we should know much more about how retailers, generators and, most importantly, electricity consumers view this proposal.
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08th May 2018
There are many ways that a business can save money on their energy bills and an Energy Efficiency Audit can be a key factor in reducing your energy costs.
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26th February 2018
NABERS is a national rating system that measures the environmental performance of Australian buildings, tenancies and homes. Put simply, NABERS measures the energy efficiency, water usage, waste management and indoor environment quality of a building or tenancy and its impact on the environment.
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01st February 2018
With the deadline for embedded network (EN) operators to appoint an AMEO accredited manager rapidly approaching, we look at the critical considerations for landlords and next steps to appoint the right Embedded Network Manager (ENM).
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21st November 2017
The Federal Government recently announced that it is recommending the establishment of a Reliability Guarantee and an Emissions Guarantee - which together will form a National Energy Guarantee.
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21st November 2017
Energy Action is one of the first in Australia to receive accreditation under the National Electricity Rules to operate as an Embedded Network Manager, completing the service suite that Energy Action provides to embedded networks.
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20th November 2017
With the volatility in recent energy prices, it’s timely to remind our clients that in addition to, and parallel with, the services provided by Energy Action, there are a range of industry and government programs available to support businesses to understand their energy use and implement energy-efficient practices, systems and technologies.
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16th November 2017
Battery storage for the consumer market (as an adjunct to solar PV) is becoming increasingly competitive, with prices for these systems having decreased markedly over the last 12 months or so. The price for some units has come down to as low as around $1,000 per kilowatt hour (kWh) fully installed.
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16th November 2017
According to information provided in the Australian Energy Market Operator’s 2017 Gas Statement of Opportunities, a projected decline in gas production could result in a shortfall of gas-powered electricity generation impacting New South Wales, Victoria and South Australia from the summer of 2018-19.
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16th November 2017
Your electricity bill can have 18 lines or more, which highlights the complexity of the electricity sector and, while your energy consumption has a direct impact on the total amount, you have come to accept that some of the costs detailed in your bill are fixed – like network charges – and you can’t do anything about it. Are you right? Not exactly. Once a year, your business gets the chance to lock in substantial savings if they are eligible to switch to a better network tariff.
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14th November 2017
The Power of Choice reforms coming in December 2017 are already expected to drive a sharp rise in smart meters at a lower price point, but it is improved access to data resulting from these reforms that will really help businesses optimise energy usage.
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06th November 2017
Energy costs are increasing and are putting stress on businesses across many industries. However hospitality facilities typically have the potential for 20-30% reduction in energy consumption through energy efficiency measures, ranging from “low-hanging fruit” tweaks to air-conditioning through to investment in life cycle technology upgrades.
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18th October 2017
The proposed introduction of the National Energy Guarantee (NEG) by the Coalition Government has a number of potential impacts for commercial and industrial energy users. The move will effectively place fossil power plants on life support for the duration of the scheme, according to Energy Action.
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17th October 2017
If you are a current client with Pacific Hydro Retail Pty Ltd as your nominated retailer, you will start receiving your electricity invoices from Tango Energy Pty Ltd.
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09th October 2017
With the introduction of Power Purchase Agreements (PPAs) and Operating Leases, solar makes great commercial sense for many businesses globally.
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20th September 2017
There are many reports available in your Energy Metrics Service that are a great tool to use to identify consumption and cost trends along with seeing operational behaviours within your workplace.
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20th September 2017
CFOs and finance teams are always looking for ways to increase the efficiency of their business – one of the biggest ways to do this is to cut out unnecessary wastage so that they are spending less. There’s nothing as disappointing as celebrating a sales success only to be presented with an unrelated but nonetheless hurtful cost blow out the next day.
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20th September 2017
Energy Action’s Metrics provides Sustainability and Engineering teams with the tools to assist in making energy improvements and manage energy costs. Through the online portal, users can view sites energy loads including detailed daily, weekly and monthly consumption reports.
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14th September 2017
Energy Action presented the Innovation in Environment & Sustainability Award to a company called Airofresh. This award was for their development of a new device for cleaning air (removing lot of bacteria, mould, other contaminants and gases specifically for the benefit of the food industry in refrigerated rooms).
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23rd August 2017
AEMC has launched its review of system reliability in the National Electricity Market by publishing an issues paper on 22nd August. System reliability is the process of ensuring that sufficient generation is available to meet the demand on the system at any time of the day. It also captures the technical aspects of generation such as controllability of a generator’s output which is essential if real time fluctuations in demand are to be met.
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23rd August 2017
While weather changes can significantly impact businesses’ energy costs, there’s a simple way your business can take more control over usage and better understand the magnitude of potential savings.
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22nd August 2017
Join our CEO Ivan Slavich and COO & CFO Michael Fahey as we announce our full year results.
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26th July 2017
An interim decline in Energy Action’s leading price index is a welcome change to sharply increasing electricity prices, but a sustained correction remains unlikely without a major change in market fundamentals.
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26th July 2017
There is a consensus amongst the majority of Australian businesses that the sustained increase in energy prices is set to continue, but it’s the immediate impact on costs rather than supply concerns that presents the biggest challenge.
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26th July 2017
In a climate of high retail prices, a recent state-wide blackout, a growing push to move away from coal-fired power and concerns regarding the security and reliability of energy supply in Australia, the Council of Australian Governments’ Energy Ministers commissioned an independent review of the National Electricity Market.
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29th June 2017
We would like to extend our best wishes to Ron Watts as he announces his retirement and resigns as director of our board. Ron was a co-founder of Energy Action and has been a director since its inception in 2003. He also served as Chairman until 2015.
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29th June 2017
We are excited to announce that John Mackay has been appointed to our board as an independent non-executive director.
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19th June 2017
Recent events in South Australia, which experienced a system wide black-out last year, and in NSW where some customers were unexpectedly curtailed earlier this year, attest to the need for a wide ranging review of the market as it currently stands. The Finkel review is COAG’s response to these events and comes in the wake of several other reviews into market performance for both the electricity and gas sectors, some of which are ongoing.
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13th June 2017
Australian businesses are now in the grip of an East Coast energy crisis. Energy Action's COO and CFO Michael Fahey discusses everything you need to know to ensure you are managing the risks.
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13th June 2017
Prices for commodity electricity have increased greatly over the last two to three years and are now at levels at least twice as high as those available when the market was at a long term low in 2014. Many customers returning to market are becoming aware of these increases for the first time and are suffering contract renewal shock as a result.
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13th June 2017
Government’s announced gas market intervention aimed at prioritising domestic supply. Surety of supply and increased competition amongst gas producers can benefit businesses. New supply sources welcomed given current pricing and reliability pressures.
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13th June 2017
Energy Action is thrilled to launch its new mobile app, which monitors electricity usage, costs and carbon emissions. The app assists in tracking and visualising energy and cost savings across individual and multi-site operations. This new tool will help businesses rapidly respond to energy usage changes and better manage their electricity demand in current market volatility.
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13th June 2017
A convergence of factors has steadily pushed electricity prices higher since near all time lows in 2014. The forces that have delivered these price rises remain firmly in place in the market today suggesting that higher prices are likely to remain a reality, at least in the short term.
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13th June 2017
Having recently joined Energy Action in the role of Chief Executive Officer, Ivan Slavich explains that the current market environment for energy in Australia – across electricity and gas – means that management of energy usage and costs has come sharply into focus for Australian businesses.
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13th June 2017
In this article we look behind the headlines into what is really going on in the gas policy space and what it means for customers looking beyond the end of their current contracts.
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18th April 2017
Former AGL Energy senior manager, ActewAGL Head of Retail and TransACT CEO & Chairman, Ivan Slavich, appointed as the new Energy Action CEO.
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