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Take control of your energy and green certificate purchasing
Track the market and progressively set your retail prices to benefit from wholesale market movements, taking control of the price you pay for your power. Perfect for your business if you have the in-house energy capabilities or an energy consultant, to engage with our market experts, manage consumption and balance market risk within your company’s risk tolerance.
Progressive purchasing
Our progressive purchasing solution provides our customers with flexibility so they can benefit from market opportunities.
Get in touchWhat’s the offer?
Progressively setting the price with reference to market movement throughout the term of the contract, rather than fixing the price up front for electricity and/or environmental certificates. A flexible rate energy contract can provide advantages. It allows for a tailored approach to energy procurement, giving businesses greater flexibility and control for when contract rates are set in response to market price fluctuations.
This type of contract offers the flexibility to benefit from lower rates when market prices drop, while also providing the option to lock in rates when prices are favourable. However, there are risks. You are exposed to market price volatility, it can require more time and effort to manage in order to see the benefits, and plans can be more complex.
Who’s it for?
This contract suits those who prefer not to fix pricing for the entire contract duration at a single point in time and want to proactively manage their energy procurement timing. It allows you to manage your costs based on market conditions. If you value control, transparency, and the potential for savings, then a flexible energy contract may be for you.
Why choose SmartestEnergy?
SmartestEnergy provides a dedicated Account Manager, offering personalised service through a single point of contact, resulting in faster resolutions, proactive support, and strategic guidance. While benefitting from the closer control, you retain oversight through 24/7 access to our online portal, keeping an eye on your usage. Our experienced, Australia-based team are always on hand to help you throughout your contract.
Why choose progressive purchasing?
Price
React to favourable market movements
Risk
Progressively set your rate across multiple decisions to spread the risk
Usage
Adjust your forecast usage in response to operational changes
Manage
Better control your energy expenses against budget levels and periods
Our impact
What our partners and customers say about us
Frequently Asked Questions
Who does progressive purchasing suit?
Mid‑to large businesses with a measured appetite for market exposure. We can tailor to match risk appetite, financial budget cycles and governance requirements
How do I set a price?
You will be able to speak with SmartestEnergy’s Trading team directly between 10:30AM and 3:30PM on working weekdays with progressive price setting permitted up to 10 business days prior to each contract quarter.
Do you offer progressive purchasing for businesses with a large number of sites?
We do! We are your commercial partner, providing direct access to our market experts so you, or your consultant/broker, can manage your progressive price nominations for each quarter throughout the contracted period.
What if we miss the deadline for making all of our price nominations?
If there are outstanding price nominations not made by the Default Date (10 business days prior to the start of each quarter), a transparent default price setting mechanism kicks in with the outcome added to the existing price nominations to calculate the final time of use rates for that quarter.
Do you offer renewable options?
Yes. Just like our fixed price products, progressive purchasing provides a pathway to renewables with retail PPAs and green products to support decarbonisation objectives and sustainability reporting.
Transparency is key. What can I expect?
Our retail management fee and the process we follow to convert your progressive price nominations to quarterly, customer specific time of use rates for monthly billing, is transparent. You will receive regular position reports following each price nomination and a final summary report prior to the start of each contract quarter.
Where can I learn more about SmartestEnergy’s Progressive Purchase product?
To learn more about SmartestEnergy’s Progressive Purchase solution and how it could benefit your business, reach out to our team at sales-aus@smartestenergy.com.au
Contact us
Find out more about our flexible energy contracts.