Business Green Energy, supported by Northern Beaches Council, is calling on local businesses to register for a first-of-its-kind Power Purchase Agreement (PPA) for the Northern Beaches.
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Commencing on 1 July 2024, the deal will help reduce power prices, offer long-term energy price certainty and grow the use of renewable energy on the Beaches, consistent with council’s sustainability commitments.
By harnessing the collective purchasing strength of local businesses, the PPA program intends to substantially decrease electricity expenses for the companies that participate. With businesses facing record volatility in energy costs, a PPA can reduce pricing risk and help meet sustainability targets.
For local businesses, a PPA is expected to be cheaper, more efficient, and less complex than going it alone. This is a revolutionary initiative supported by Northern Beaches Council that could be replicated locally and elsewhere, giving businesses cheaper energy and helping to reduce greenhouse gas emissions with a view to a cleaner, greener world.
To bring this program to life, council has partnered with Business Green Energy who aggregates the local business electricity demand and finds the best option in the market. Business Green Energy has now successfully reached a deal with renewables developer Iberdrola.
Business Green Energy director Kristina Photios said, “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. Embracing PPAs is a win/win with an investment in a cleaner future while cutting the cost of business on the Northern Beaches.”
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Northern Beaches Council has already made excellent savings since putting a 100% renewable PPA in place for its own electricity usage with Iberdrola Australia in 2021, achieving its sustainability targets well ahead of time.
