Make a payment

Energy Procurement

Secure the best energy 
prices for your business.


We drive down energy prices and get market-leading rates.

We combine 20+ years of independent experience with our innovative technology and data-led insights to lower the price of electricity, natural gas and environmental certificate services.

REDUCE THE PRICE YOU PAY FOR ENERGY

Don’t pay more than you have to.

Each of our buying options comes with its own benefits. Based on your energy requirements and objectives, we’ll help identify the right electricity or gas procurement technique to maximise your company’s savings.

Reverse auctions

We do the hard work for you. Our live reverse auction tool creates competitive friction and drives prices down. On average, our reverse auctions generate a 20% savings difference between first and last bids across the thousands we've run.

Requests For Proposals (RFPs)

Ideal for businesses with complex requirements. As part of our RFP process (we run RFPs for renewable energy and RFPs for energy created using fossil fuel sources), we’ll advise on the best time for you to buy. We’ll also provide up to 12 energy retailers with a 360-degree understanding of your energy needs, encouraging them to put their best offers forward.

Progressive Purchasing

Take advantage of wholesale price movements while managing risk. Our Progressive Purchasing procurement method uses the latest market intelligence and strategic, forward-energy advice to remove spot price exposure progressively.

Solar Auctions

Commercial solar power can lower your energy spend and help you reach your Net Zero goals. Our solar auction tools help businesses find the right solar solution and create competition amongst trusted suppliers looking to win your contract.

What is Energy Procurement?

Energy Procurement is the process of contracting for the supply of electricity, gas, and carbon certificates. Energy Procurement may be arranged direct by the contracting organisation, or by an energy broker like Energy Action. Energy Procurement can involve factors, including identifying the client’s needs and matching them to market conditions, sourcing and negotiating with energy retailers, creating competitive buying environments, organising and running procurement events, and negotiating and overseeing the signing of contracts.

Energy Action

Check out these 
related services.

Frequently Asked Questions (FAQs)

What is an Energy Broker?
An energy broker is a person who makes it their job to help businesses find the best deals on energy. Energy brokers work with businesses to find out what kind of energy they need. They then use their expertise and knowledge of the market to help those businesses get the best energy contracts possible.
Most of the time, energy brokers are paid on a commission basis. This means that their fee is a percentage of the value of the energy contract. Because their pay is tied to how well the energy procurement process goes, this fee structure gives energy brokers a reason to negotiate good contracts for their clients.
What is an Energy Consultant?
An energy consultant is a professional who helps people buy and manage energy by giving them expert advice. Energy consultants, unlike energy brokers, are usually paid a flat fee up front instead of a commission based on the value of the energy contract.
Energy consultants work with businesses to assess their energy needs, identify areas for improvement, and develop strategies to reduce energy costs and increase efficiency. This may involve developing energy category management plans, and providing ongoing support and guidance.

What are the benefits of working with Energy Brokers and Consultants?
When a business buys energy, it can be helpful to work with energy brokers and energy consultants. These experts know a lot about the energy market and can use their knowledge to help businesses get the best energy contracts possible.
Energy brokers and energy consultants help businesses manage the risks associated with energy procurement, like market volatility and contract terms and conditions. An energy broker or energy consultant can help businesses avoid expensive mistakes and buy energy in a smart way by keeping an eye on market conditions and giving advice on contract terms.

What are the key considerations when selecting an energy broker or energy consultant?
When choosing an energy broker or energy consultant, it's important to think about how long they've been in the business and what their reputation is like in the market. Look for energy brokers and consultants with a track record of helping businesses in your industry negotiate energy contracts and buy energy.
It's also important to consider the fee structure of the energy broker or consultant. While energy brokers are typically paid on a commission basis, energy consultants may charge an upfront fee. Consider which fee structure is most appropriate for your business and choose an energy broker or consultant accordingly.
In the end, energy brokers and energy consultants are an important part of how businesses undertake energy procurement. They help businesses navigate the complicated energy market and get the best energy contracts possible. Businesses can make smart decisions about how to buy and manage energy if they work with professionals who have a lot of experience and take important factors like reputation and fee structure into account.

What are some of the risks related to energy prices and a volatile energy market?
One of the primary risks of energy procurement is related to energy prices and market volatility. The price of energy can fluctuate widely due to a variety of factors, including changes in supply and demand, geopolitical events, and natural disasters.
For businesses, this volatility can make it difficult to plan for energy costs and can result in unexpected expenses that can have a significant impact on their bottom line. To reduce this risk, businesses can work with energy brokers and consultants who can help them keep an eye on the energy market and spot opportunities for good pricing.

What are some of the risks related to energy contract terms and conditions?
Energy contracts can be complex and include a variety of terms and conditions that can have a significant impact on the business. For example, contracts may include penalties for early termination, automatic renewal clauses, and pricing adjustments based on market conditions.
With the help of energy brokers and energy consultants, businesses should carefully review and negotiate their energy contracts to reduce the risk of them going bad. Businesses can make sure that their energy contracts are fair, clear, and in their best interests by working with professionals who have done this before.
Business energy procurement comes with complex risks that businesses need to be aware of to make informed decisions about their energy contracts. By understanding the risks from energy prices, market volatility, and contract terms and conditions, businesses can take steps to reduce these risks, while making sure their energy contracts meet their needs. So, whether you're looking to compare your business electricity prices or negotiate gas tenders, be sure to engage Energy Action, who can help guide you through the energy procurement process.

Ready for change? Contact us.

Subscribe

Subscribe

Energy Action recognises the First Peoples of this nation and their ongoing connection to culture and country. We acknowledge First Nations Peoples as the Traditional Owners, Custodians and Lore Keepers of the world’s oldest living culture and pay respects to their Elders past, present and emerging.

© 2021 Energy Action. All rights reserved. ABN 90 137 363 636
Contact Us
crosschevron-down linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram