Energy Action (Australia) Pty Ltd holds an Australian Financial Services license (AFSL No 362843). We are authorised to provide financial product advice on electricity derivatives to wholesale clients under the Corporations Act 2001. Not all energy consultants or advisors have this accreditation. The Act requires us to give advice that is fair and honest and take into consideration their personal circumstances.
To maintain our AFS licence, our team completes ongoing training, making sure that we give you appropriate Progressive Purchasing advice.
Our Progressive Purchasing service is suited to large organisations who use more than 20GWh per year. Progressive Purchasing is not a derivative product, so there’s no need for your treasury or finance functions to change disclosure requirements or accounting treatments.
Progressive Purchasing is only suited to companies with adequate risk-management control, who can manage variable price contracts. It is also essential that buyers have appropriate delegations of authority in place to respond to lower priced periods quickly, so they can spread timing risk and average costs over time.
Progressive purchasing is a hedging tool that provides businesses with the ability to purchase energy in smaller, more specific increments within the contract period. Progressive purchasing provides an alternative to fixed price electricity contracts where the price is locked in over the whole duration of the contract.