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Why is Energy Procurement So Important for Australian Businesses?

Picture this, you're a business owner or manager in Sydney, and you're churning through energy like a dingo through a meat pie. Your business energy costs are skyrocketing and you're starting to think, "There's got to be a better way." Well, mate, there is, and it's called energy procurement.

Now, what's this all about, you might ask. Energy procurement is the process of finding, negotiating, and contracting for energy supplies. Sounds simple, right? Not quite. It's like navigating the outback with a faulty compass if you're not careful. That's where an energy broker can make all the difference.

Energy brokers are like the Crocodile Dundees of the energy world, expertly navigating the complexities of energy management and making it cheaper for you. They understand the ins and outs of the energy market, like the fluctuating prices and the best times to buy.

An excellent example is Energy Action’s Utilibox. This beauty provides businesses with a way to monitor their energy usage, identify inefficiencies, and ultimately drive down costs. It's like having a mate in the energy business, looking out for you.

Now, you might be thinking, "Sure, but what does this have to do with my business?" Everything, my friend. Energy costs can be a significant part of your business expenses. Efficientprocurement can help you achieve net-zero targets, boost your green credentials, and save you a quokka's load of money in the process.

According to Energy Action’s estimates, businesses that adopt efficient energy procurement strategies can save up to 20% on their energy costs. Now, that's a lot of shrimp on the barbie!

But it's not just about cost savings. Renewable energy procurement is also a fantastic way for businesses to contribute to Australia's transition to a cleaner energy supply. Just look at the City of Melbourne's guide to buying off-site renewable electricity. It's a testament to the potential of renewable procurement to drive new investment and accelerate Australia's transition to cleaner power sources.

Now, let's talk about Deloitte’s article, "Unlocking the Renewable Energy Procurement Conundrum". It's a ripper of a read, highlighting the importance of renewable energy procurement as an essential part of a business's energy strategy. It outlines key activities for managing a renewable energy procurement program, and emphasises the importance of aligning energy procurement with the corporate energy policy, understanding the energy demand, evaluating procurement options, engaging stakeholders, and monitoring energy performance.

So, in conclusion, energy procurement isn't just important for businesses, it's essential. It's a golden opportunity to manage costs, support the transition to renewable energy, and show leadership in the journey to net-zero emissions. If you haven't looked into it yet, now's the time. Don't get left in the dust, make procurement part of your business strategy today.

In this article, we've delved into why energy procurement is important for businesses and how it can impact the bottom line. From reducing costs to supporting Australia's renewable energy goals, energy procurement is more than just a buzzword. It's a smart business strategy for a sustainable future.


Deloitte, Unlocking the Renewable Energy Procurement Conundrum

City of Melbourne, Guide to buying off-site renewable electricity

Energy Action’s Utilibox

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