South Street Energy awarded for renewables innovation

Managing Director of South Street Energy Marco Bogaers, holding the iAward, with Director Andrew Randall, Chief Financial Officer Melita Vellucci, Chief Technology Officer Chris Boek and Business Development Manager Peter Sertic
Managing Director of South Street Energy Marco Bogaers, holding the iAward, with Director Andrew Randall, Chief Financial Officer Melita Vellucci, Chief Technology Officer Chris Boek and Business Development Manager Peter Sertic

Melbourne energy company South Street Energy has won the “The Biggest Pitch”—the 2022 Victorian iAwards, in the Sustainability and Environmental Solution for the Year category, for its pioneering Distributed Generation Network, which enables the owners of small-scale solar, wind and biogas generation systems to sell renewable electricity to the wholesale electricity market. 

“I am very proud that this award recognises South Street Energy’s commitment to environmental sustainability and the hard work of our amazing team,” South Street Energy managing director Marco Bogaers said. 

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South Street Energy enables small-scale electricity producers such as businesses, farms and local councils to sell their renewable electricity when demand is high while continuing to self-consume at other times. 

“This is more than a technical solution, we’ve pulled together existing industry processes to create an entirely new way to participate in the market,” Bogaers says. 

Orange City Council CEO David Waddell thought South Street Energy’s proposal was too good to be true at first. He soon changed his mind when he saw the first revenues come in. 

Orange City Council’s solar installations at its Aquatic Centre (200kW), Civic Centre (88kW), and local Airport (100kW), were installed in late 2021 and immediately added to South Street Energy’s Distributed Generation Network. 

Since January 1, 2022, those systems have produced 252MWh of electricity, of which 41 per cent was sold to the National Electricity Market (NEM), increasing the value of the renewable electricity by 6.2 cents per kWh from 12.9 cents to 19.1 cents and netting an additional $15,460. 

“This is the sort of simple, innovative approach Orange City Council has been after and it is a huge win, insulating council against pricing fluctuations. Services such as this encourage the take up of more renewables and demystify things nicely. It’s a pleasure to work with the team at South Street Energy,” Waddell says. 

South Street Energy’s solution ensures renewable energy is sold into the market that is paying the highest price, increasing the value of renewable electricity.  

“This has helped our customers weather the recent negative impacts of high electricity prices, and it fits directly into the Australian Government’s Powering Australia Plan to lift the share of renewables in the National Electricity Market to 82 per cent by 2030,” Bogaers says.

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“This benefits everyone.  It helps the owners of individual systems by providing a new and additional form of revenue, it helps the community by providing further financial incentives for the take up of renewables and it helps the National Electricity Market (NEM) by providing a demonstrable mechanism for participation by small scale, renewable generators.”  

The iAwards are presented by the Australian Information Industry Association (AIIA), Australia’s peak industry representative body for innovative technology, and recognise Australian innovations and achievements that create positive change for the community. Each of the state winners will compete for the National iAwards title to be announced at the AIIA Gala event in October. 

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