Eutility demonstrated to Centuria the value of utilising progressive purchasing as a means to limit exposures to high energy prices and maximise the lows of the market through opportunistic purchasing. Hedging the same way an energy retailer does and manages this process under strict budget controls delivering good governance procedures including oversight. Centuria saw the advantage in doing this and yielded a $2.1M cost avoidance against the average market price. Excellent hedges secured for Calendar Year 2023 was a great commencement to the first year of progressive purchasing.

PROBLEM: All farms have solar PV installations at a significant investment.  The actual return on investment was unclear, inverter data was time-consuming to access and analyse  and independent analysis of system performance was not available..  The data was not mapped to the energy billing. Tracking of LGC’s in a suitable format for retirement to the regulator was also unavailable.

PROBLEM: Puma was paying an automated consultant for bill validation and other services. There was no energy strategy in place or market-based reporting, no risk management. No active energy monitoring meant overpaying on network charges, data was not interrogated, and savings opportunities missed.