Australia’s energy sector is set to be shaken up by the same data portability regime currently disrupting the country’s banking industry. Built to empower consumers through access to their data, Australia’s Consumer Data Right brings with it new challenges and opportunities to a sector already in flux. Currently, a mix
Australia is headed towards a “completely new” two-sided energy market because of digital technology and consumer power generation, according to the Australian Energy Market Commission (AEMC), the statutory body which governs the national electricity and gas markets. In the new “wholly connected” market consumers will be rewarded for buying and
The Australian energy sector is at an inflection point, and the changes are set to cause pain for incumbent utilities companies which are constrained by legacy systems. That’s the assessment from Joe Locandro, Chief Digital and Transformation Officer for the Australian Energy Market Operator (AEMO). Webinar: Register now to find
The Australian government has worked with Xero and AlphaBeta to develop an online tool to let small businesses across Australia check if they are paying too much for energy. The Small Business Energy Check is built on a statistical model that uses data from Xero Small Business Insights (Xero SBI),
NAB has helped strengthen the growth prospects of Brighte, a digital credit platform that facilitates payment plans for solar energy, batteries and home improvements, by helping it secure $130 million to meet increasing demand for its products. NAB arranged a $130 million asset-backed securitisation warehouse and this month provided $80
Cover Story: Why Electricity retailers will pay you to use less power. And other ways the energy market is changing.
Emerging business models in energy retail are designed to help consumers save money, and in some scenarios even earn money from the devices in their homes – flipping the traditional electricity retail model on its head. The industry is approaching a tipping point. In deregulated markets like Australia utility companies
Can Robots help Australian businesses navigate the complex energy market and save millions of dollars in energy costs. That’s the claim by BidEnergy which says its data demonstrates that over the last 12 months robots found savings totaling $2.6 million in 822 instances amongst a sample of its customer base.
Online retailer, Catch Group, has announced the launch of its own energy service, Catch Energy, which will offer energy and gas plans in partnership with 1st Energy. Catch says the new service is in response to an energy market with rising prices and a lack of competition. Sign up for
Blockchain technology could create a paradigm shift in the power industry, helping companies move away from traditional business models with complex operating structures. That’s the opinion from GlobalData, whose analysts argue blockchain has the potential to address the key challenges facing electric utilities: high operating costs, aging grids, security, regulatory
Origin Energy understands its industry is being disrupted. In response the energy company has developed a strategy to ensure its survival as utilities transition from a commodity-driven model to a service-driven one. Origin has created a Future Energy and Business Development division. Tasked with navigating the company through an uncertain