The New South Wales Government has launched a new program to assist businesses and local councils in renewable energy zones (REZs) to secure access to long-term, reliable electricity supplies.
The Energy Corporation of NSW (EnergyCo) has partnered with the Business Renewables Centre Australia (BRC-A) to help businesses understand how they can buy electricity directly from renewable energy generators such as solar and wind farms, and from energy retailers with renewable generation.
The program will help businesses and councils harness the potential of renewable energy power purchase agreements (PPAs).
EnergyCo Community Benefits and Regional Development Director, Alexandra Hall, said that PPAs are a great way for local councils and businesses to lock in energy price stability, save money and source more electricity directly from renewables.
“They’re good for these organisations, they’re good for local employment and investment, and they’re good for the environment,” Ms Hall said.
“This new program aims to make sure councils and businesses in our REZs have the knowledge and the practical tools to secure the best PPA for their needs.”
Information sessions have already kicked off in the Central-West Orana REZ and further sessions are planned for the Hunter-Central Coast and New England REZs later in 2024.
The program provides resources and educational opportunities to equip participants with the knowledge and confidence to navigate the PPA process.
Through a series of workshops, participants will gain valuable insights into the financial and environmental benefits of PPAs, the details of the PPA process, and strategies for identifying and securing the most suitable PPA.
Business Renewables Centre Australia Program Director, Jackie McKeon, said that BRC-A is thrilled to be working with EnergyCo to raise the literacy level about PPAs for organisations around New South Wales.
“Through our years of experience supporting some of Australia’s most high-profile companies and councils we understand how our PPA training can empower participants to think differently about their energy options,” Ms McKeon said.
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