Energy Action's July 2023 Newsletter
Energy Action
Helping your business lower energy costs and meet emissions targets | Energy Action
In this months newsletter, we've prepared some of our latest insights and opinions which we hope can help you manage your energy costs better in FY24.
How much might your bills go up this month?
Depending on your state and the nature of your contract, your bills may climb between 14% and 28% due to changes made by the Australian Energy Regulator. For some businesses, this could be a matter of sink or swim.?
How can you protect yourself from rising prices?
Our advice is to know your contract prices and where the market is. Buying energy is like buying airfares. You might end up paying more if you wait. Don't leave energy contracting to the last moment.?
Is now the right time to re-contract?
The energy market is under price pressure. We've seen retail prices increase 30% to 40% from the recent lows. This summer is predicted to be hot because of El Ni?o (meaning demand increases as we turn on our air conditioners), while generation capacity is reduced from plant outages. In short, we're facing increased demand without an increase in supply.
Stay Ahead of The Curve
Market Insights - Our July Market Wrap
Electricity prices remain unpredictable and unstable. Gas prices trended lower but not without market uncertainty for future prices and the carbon markets tanked. Read more.
E-book: A Checklist for Energy Data Managers
We've put together the ultimate checklist for procurement managers to make sure that you are getting the most from your energy management. Download e-book.
The Latest in Renewable Energy
Opinion piece: The Role of Renewable Energy in Resolving Australia's Energy Crisis
As Australia grapples with the energy crisis, the conversation starts to shift from problem to solution. Is renewable energy the way out of the crisis? Read more.
Quick Reads
Check out these quick reads hand curated to keep you on top of your energy knowledge game this month:
For more information on any of the topics covered or to speak to an expert about your next energy contract, visit our website.
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