Business Green Energy spearheads NSW’s first power purchase agreement for local businesses

energytech, Smarter energy solutions, renewable energy

Business Green Energy, alongside Northern Beaches Council, is calling on local businesses to register for a first-of-its-kind power purchase agreement (PPA).

Commencing on 1 July 2024, the deal will help reduce power prices, offer long-term energy price certainty and increase the usage of renewable energy on the Northern Beaches, consistent with its council’s sustainability commitments.

The council has shared that local business accounts for 37 per cent of the Northern Beaches’ overall carbon footprint, with more than 70 per cent of those emissions coming from electricity.

By harnessing the collective purchasing strength of local businesses, the PPA program intends to substantially decrease electricity expenses for the companies that will participate in the program. For local businesses, a PPA is expected to be cheaper, more efficient, and less complex than going it alone.

“Businesses on the Northern Beaches can seize a unique opportunity with PPAs to contribute to the local community’s sustainability goals and significantly reduce costs,” Kristina Photios, Director of Business at Green Energy, said. “Embracing PPAs is a win/win with an investment in a cleaner future while cutting the cost of business on the Northern Beaches.”

Northern Beaches Council has reported that it already made ‘excellent’ savings since putting a 100 per cent Renewable PPA in place for its own electricity usage with Iberdrola Australia, a global leader in clean energy, in 2021, thereby achieving its sustainability targets well ahead of time.

“We are pleased to be supporting Business Green Energy to offer a first-of-its-kind initiative to local Northern Beaches businesses, which will not only benefit our local community but also contribute to our broader sustainability goals,” Sue Heins, Mayor of Northern Beaches Council, said. “By choosing clean energy sources, businesses are taking a significant step towards reducing both their carbon footprint and the local community’s, too.”

Northern Beaches businesses who wish to participate in the power purchase agreement are invited to register with Business Green Energy on their website by 15 December 2023.