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Our energy market wrap up for November 2020.

As a business owner or financial controller, you’re always looking for ways to cut costs and save money for your business. As one of your biggest expenses, energy bills should be a laser focus for savvy managers looking to save significantly, especially in high energy-use industries.

With all the talk in the Melbourne news this week about operators employing non-licensed electricians for residential solar installations, it seems timely to highlight the importance of choosing a solar provider based on reputation, experience and quality, rather than simply cost.

How do you run a business in Australia when one of your largest costs has tripled in 3-4 years? How do you plan for the next 3-4 years when the government has no clear path to solve this problem?

Energy price rises are an economy-wide problem and have fuelled intense political debate about appropriate policy to provide reliable and affordable energy. Australian industry – including agriculture – is rapidly becoming uncompetitive against countries with cheaper and more reliable power.

Following the Australian election, the value of large-scale generation certificates (LGCs) is expected to ease.