Applications for the energy advisory service element of the $11.6 million Business Energy Advice Program are now open to organisations.
This concierge-style service is aimed at helping small businesses identify, manage and reduce their energy costs.
The Federal Government is also supporting the development of an online energy benchmarking tool specifically for businesses to compare their energy use and costs against similar businesses.
The plan includes:
- A price safety net, potentially saving up to $3,457 for small businesses
- Stopping price gouging by the big energy companies, including banning late payment penalties and making energy retailers pass on savings in wholesale prices to customers
- Backing 24/7 reliable power by underwriting new electricity generation, attracting investment in the electricity market, improving competition, increasing supply and reducing wholesale prices
- Supporting reliable power by requiring energy companies to sign contracts guaranteeing enough energy to meet demand
The Business Energy Advice Program responds to the Australian Competition and Consumer Commission’s 2018 recommendation to help small businesses make better informed energy choices.
Applications close on 4 March 2019.