Introducing the fifth key energy trend for 2024. Follow the series for insights that keep your business ahead. Trend #5 - WA electricity prices overtook the East Coast Western Australia’s business electricity prices rose higher than East Coast averages due to coal shortages, soaring demand, and costly infrastructure upgrades. While there are plans for future renewable energy projects aimed at stabilising prices, immediate relief for businesses appears limited. Source, Energy Action Price Index
Energy Action
Financial Services
PARRAMATTA, NSW 5,551 followers
Helping your business lower energy costs and meet emissions targets | Energy Action
About us
At Energy Action, we help your business cut energy costs and reduce emissions, paving the way to a net zero future without breaking the bank. Trusted by over 7,000 clients across nearly 10,000 sites, we deliver smart, tailored energy solutions that put you first. Founded in Sydney, Australia, our national team brings over 20 years of expertise, advanced technology, and data-driven insights to make your energy management simpler, cleaner, and more cost-effective. We're committed to providing innovative solutions that save you money while supporting your sustainability goals, guided by our core values of integrity, innovation, customer focus, and sustainability. 𝗢𝘂𝗿 𝗦𝗲𝗿𝘃𝗶𝗰𝗲𝘀 • 𝗘𝗻𝗲𝗿𝗴𝘆 𝗔𝗰𝘁𝗶𝗼𝗻: We secure the best energy deals for you through our reverse energy auctions and energy tenders. For enterprise energy users, we offer energy risk management and advisory services. • 𝗖𝗮𝗿𝗯𝗼𝗻 𝗔𝗰𝘁𝗶𝗼𝗻: We guide you on your journey to a sustainable future with automated carbon emissions reporting, and expert advice on emissions reduction strategies, and renewable energy procurement. • 𝗦𝗼𝗹𝗮𝗿 𝗔𝗰𝘁𝗶𝗼𝗻: We help businesses invest in cost-effective commercial solar PV and battery systems, providing sustainable solutions with comprehensive support from assessment to post-installation management. 𝗪𝗵𝘆 𝗖𝗵𝗼𝗼𝘀𝗲 𝗨𝘀? With over $1 billion of energy under management and 7,000+ clients, Energy Action is the trusted partner for businesses looking to save money, as retailers compete to supply our clients with the best energy deals. We leverage over 20 years of industry expertise, cutting-edge technology, and Climate Active certification to deliver efficient, cost-effective, and unbiased energy solutions. For more information, visit our website: energyaction.com.au or call us at 1300 553 551
- Website
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http://www.energyaction.com.au
External link for Energy Action
- Industry
- Financial Services
- Company size
- 51-200 employees
- Headquarters
- PARRAMATTA, NSW
- Type
- Public Company
- Founded
- 2000
- Specialties
- Energy Procurement , Contract Management & Environmental Reporting, Net Zero Solutions, Energy Management, Commercial Solar Solutions, Energy and emissions strategy, Power Purchase Agreements (PPAs), Carbon certificate trading and management, Risk management, Progressive Purchasing, and Climate Active Member
Locations
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Level 5, 56 Station Street
PARRAMATTA, NSW 2150, AU
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Ground Floor Building 3
Brandon Office Park, 540 Springvale Road
Glen Waverly, VIC 3150, AU
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Level 2, 451 St Paul’s Terrace
FORTITUDE VALLEY, QLD 4006, AU
Employees at Energy Action
Updates
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Introducing the fourth key energy trend for 2024. Follow the series for insights that keep your business ahead. Trend #4 - Gas exports constrained domestic supplies creating price pressure Global demand hits home. Despite exporting more gas than Qatar, Australia leaves local businesses with tight supplies and soaring costs. A critical challenge as global LNG demand continues to rise. Source, Global Energy Monitor, 2024
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Introducing the third key energy trend for 2024. Follow the series for insights that keep your business ahead. Trend #3 - Solar’s impact was to lower daytime prices and shift demand peaks Solar continued to reshape electricity markets, lowering daytime spot prices and shifting peaks to mornings and evenings. Source, Utilibox, NSW electricity spot prices and demand, Nov 21 and 22, 2024
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This World Energy Conservation Day, take action. Every step toward smarter energy use helps secure a cleaner, more sustainable future. At Energy Action, we empower businesses to optimise energy practices, reduce costs, and embrace renewable solutions. Together, we can turn ambition into action and create lasting change. Contact us to explore tailored energy solutions for your business. #WorldEnergyConservationDay #EnergyAction #Sustainability #RenewableEnergy #SmartEnergy
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Introducing the second key energy trend for 2024. Follow the series for insights that keep your business ahead. Trend #2 - High electricity prices were driven by volatile demand and generation outages Price volatility is a defining feature of energy markets, highlighting the need for new generation investment. Spot prices above $300/MWh, once uncommon, are now frequent. In 2023–24, wholesale electricity prices experienced significant volatility, driven by extreme weather events, generation outages, and supply constraints across the market. Source, Quarterly Energy Dynamics - Q3 2024
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Introducing the first key energy trend for 2024. Follow the series for insights that keep your business ahead. Trend #1 - Electricity spot prices surged by 40% With low wind output, Solar PV couldn’t prevent a 40% surge in NEM spot prices, driven by extreme weather demand. Source, Quarterly Energy Dynamics - Q3 2024
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Explore practical ways to reduce your business energy costs without compromising performance. Start saving today with actionable tips. Read more: https://bit.ly/41anBnT
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Take charge of your business energy management with Utilibox by Energy Action. Real-time tracking, one-click reporting, and all your energy data in one place. Simplify your energy management. Contact us now to book a demo. https://bit.ly/4g0uUmq
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