What are smart meters?

Smart meters are advanced digital meters that measure and record your electricity usage. 

Unlike traditional meters, which require manual reading, smart meters automatically and wirelessly send your usage data to a metering provider. The metering provider makes the data available to us, your retailer.  

Key features of smart meters:

• Energy awareness: Smart meters provide near real-time data on energy usage, meaning you can track your energy usage in hourly intervals with My Account.  
• Automatic data transmission: Your smart meter will transmit data wirelessly at regular intervals, so there’s no need for manual meter readings. This can help where access might be a problem. 
• Two-way communication: The communication is two-way, which means as well as being read, other actions can be taken remotely, such as connecting or disconnecting the meter when moving premises. 

Helpful tip: We indicate on page two of your bill whether your meter read is ‘estimated’ or ‘actual’. See How to read your business energy bills.

Smart meters could help save you money

Going smart lets you monitor your electricity in loads of detail and understand when you’re using the most energy.  

Patterns, spikes and anomalies in your consumption will be clear to see.  Having these insights can really set your business on a path to make changes and save. 

Other benefits of smart meters for small business

• More accurate billing – because smart meters provide precise and real-time data, there are fewer discrepancies caused by estimated readings. 
• Operational efficiencies – as smart meters offer detailed insights into energy usage, you can identify inefficiencies and areas where your energy is being wasted. Monitoring your energy use can also help you to maintain and manage equipment more effectively, predicting maintenance needs and preventing costly breakdowns. 
• Improved budgeting and forecasting – with more detailed energy consumption information, you can better predict your energy costs and budget accordingly. Also, having access to detailed historical data can help you to forecast future energy needs and plan for potential increases in usage or costs. 
• Improved reporting – detailed energy usage reports can help you comply with any regulatory requirements or energy efficiency standards. 

Timing of the smart meter rollout

As part of a state government initiative, smart meters were rolled out to almost all homes and businesses in Victoria several years ago. 

In April 2024, the Australian Energy Market Commission (AEMC) announced its intent to achieve Australia-wide uptake of smart meters by 2030. Their formal start date at this stage is 1 July 2025. 

Here at Origin, our work has already begun. We’ve commenced our own, retailer-led rollout to get your meter upgraded sooner.  

How the rollout happens

We’re contacting customers in all the states we’re an electricity retailer – so in ACT, NSW, QLD and SA. (We retail in VIC, but their rollout is complete.)  

When we first get in touch, it’s to let you know your property has become eligible.  

Then, two weeks to two months after that, we’ll be in touch again to let you know the date we’ve nominated for your meter replacement to occur. 

What if the upgrade date doesn’t suit?

Our small business customers have an option to advise us if the date is unworkable for some reason. We pass that on to the meter providers, who will then attempt to reschedule the work with you. 

How long will the installation take?

In cases where the meter is being swapped out, there’ll be a power outage from 30 minutes up to two hours. If major works are being completed in conjunction with the meter exchange, it could take longer.  

In almost all circumstances, the power supply will resume the same day. 

Are there costs involved?

If we can swap out your meter without the requirement for extra works onsite, then there is no cost to you.  

If any major work is required to install the meter  – for example, large scale removal of asbestos or meter relocating – we’ll stop work and let you know what needs to be done in order for us to reattempt the work. In these situations, there may be additional charges to the building owner should they arrange this work with an electrician. 

The Australia-wide rollout of smart meters represents a significant and forward-thinking step for businesses across the nation.  

The implementation of smart meters is an essential progression towards a smarter energy future. It will help Australian businesses understand and manage energy costs and prepare for the technological advancements that come next. 

We’re committed to supporting businesses in this transformative journey and ensuring you’re equipped with the tools needed to thrive in an increasingly energy-conscious world. 

The post The smart meter rollout and the benefits for your business  appeared first on The Origin Blog.

1. High costs and budget overruns

Expenses can add up quickly, with costs for moving services, renovations, IT infrastructure, and even lost productivity during the transition.

What you can do

Try not to underestimate these costs – when you budget your move, build in a contingency so any unexpected costs are manageable. When you move with us, you might also want to consider how you can even out your energy payments annually, via a business cashflow payment plan. Understanding, or estimating, what you’ll be paying when for energy, may help make other less predictable costs easier to accommodate.

2. Downtime and disruption to operations

Moving can disrupt normal business operations, which can impact revenue, customer service, and productivity.

What you can do

Time your move for when you disruption is going to have the least affect on your bottom line. Get your electricity, natural gas and other utilities sorted so that the lights are on and the water is running on the day you move in. We can help with a great energy plan. You want to be sure that when you business hits its busiest period, everything from the move has been settled.

3. Logistics and project management

Coordinating a move involves multiple vendors and tasks, from furniture setup to internet installation.

What you can do

Dedicate this as a project management task, in order to minimise delays, and reduce risk of stock and other items going missing. If you move with us, you’ll be welcomed into My Account as soon as you’ve booked your move, so you’ll know in real time how things are progressing.

4. Employee impact and morale

If you have a team, be aware that moving can affect employee satisfaction, especially if the new location is less convenient for commuting or disrupts their work environment.

What you can do

Communication is so important at this time. Keep the team clear on whats happening and be willing to offer support where you can. Want to thank and acknowledge staff members at this difficult time? Origin customers get access to loyalty rewards, so why not redeem these and pass them on, as a goodwill gesture?

5. IT and telecommunications setup

Ensuring reliable connectivity, server setup, and cybersecurity during a move is challenging. Many businesses experience delays in getting internet and phone lines fully operational, which can be especially problematic if you rely heavily on digital communication and data access.

What you can do

Plan ahead and make sure you have a reliable provider and are on the best plan for you. We have a range of great internet offers for businesses.

6. Adjusting to the new layout and space

Moving to a new space often requires adjustments to workflows and layouts, which may initially disrupt productivity. It can take time for teams to adapt to the new setup, and in some cases, businesses discover space limitations or design issues that weren’t evident before the move.

What you can do

A way to be super efficient with your costs is to conduct an energy audit, to ensure that from the start, you’re set up to be as energy efficient as possible. Our team regularly works with businesses to get the most out of their energy, reach out and talk to us about your business energy efficiency options today.

7. Compliance and legal requirements

New premises may bring unexpected compliance issues, like building codes, safety regulations, or lease conditions. Failure to meet these requirements can result in fines, extra costs for modifications, or restrictions on operations, adding stress to the transition.

What you can do

Make sure you address your due diligence. Definitely review safety and accessibility codes, understand health and environmental regulations and apply where you need to for necessary permits and licenses early. In some cases you may need to engage legal and compliance experts.

Ready to make your move? Jump to our Move business premises area and we’ll help you get your electricity and natural gas moved fast.

The post 7 tips for moving business premises appeared first on The Origin Blog.

They’re often scams and they’re becoming more common. From the fake energy provider threatening to cut off your power, to the ever popular African prince looking for a bank account to store his millions, scammers are working harder and harder to get their hands on your hard earned money, or worse, your identity.

Scammers often mimic legitimate companies, like Origin, to trick you into opening a fake email, clicking on links, making a payment or even giving away your personal details.

How to stay safe online

Scam emails (otherwise known as “phishing”) set out to deceive people into providing their personal details. These fake emails often include a corporate logo and look like they’ve come from a legitimate company. If you believe you’ve received a scam Origin email, we also encourage you to report it to www.scamwatch.gov.au

If you use My Account to manage your energy online, you should also make sure you have a strong password – and never share that password with anyone. We’ll never ask for your My Account password over the phone, or ask you to send it to us via email.  

What should you do if you think you’ve received a scam email?

• Close it and contact us
• Forward the fake email to hello@origin.com.au so we can investigate further
  

What not to do

• Click on links
• Open attachments
• Download pictures
• Forward the scam email to others

How to spot a scam

Be on the front foot, here’s how you can tell if an email or text is a scam or a real Origin email:

• It might be an email scam if the sender has a suspicious email address.
• Look out for spelling mistakes or bad grammar – these are often a clue that it’s not from us.
• Look carefully at any links – do they point to origin.com.au or originenergy.com.au? We’ve seen scam websites posing under originnergy.com.au so look carefully at the website address.
• The only safe and trusted way for you to pay your Origin bills online is via My Account or the Origin app or at originenergy.com.au/pay. Anything asking you to make an Origin payment outside of those could be a scam.
• If you receive a suspicious email you suspect could be a scam Origin email, the quickest way to confirm whether it’s real or not is to check your account either using My Account or the Origin App. Your most current energy bill and billing history will appear there.

What are the legitimate Origin emails?

It’s important to look out for domain names when opening emails. A domain name is a unique name that identifies a website or an email address. Some common domains that we send emails from include:

• originenergy.com.au – e.g. retail@originenergy.com.au
• origin.com.au – e.g. hello@origin.com.au
• originbroadband.com.au – e.g. help@originbroadband.com.au
• originzero.com.au – e.g. noreply@originzero.com.au
• ecomms.origin.com.au – e.g. origin@ecomms.origin.com.au
• icomms.origin.com.au – e.g. origin@icomms.origin.com.au
• looop.co – e.g. notify@looop.co
• spike.originenergy.com.au – e.g. spike@spike.originenergy.com.au

Emails sent from other domains that may look similar should be treated as suspicious. We also encourage our suppliers to be vigilant when receiving any such requests and to ensure they’re familiar with Origin’s standard supplier process.

Other scams to watch out for

• Emails, or phone calls, involving fake orders or requests for specific parts being sent from individuals claiming to be part of the Origin Procurement team.

• Emails offering you amazing job opportunities. Before offering any positions, Origin undertakes a thorough interview process. This usually involves both face to face and telephone interviews – we also ask candidates apply for roles formally via our website. You can view all of our current opportunities, and sign up for job alerts, via our Careers page.

What can you do if you’ve fallen victim to a scam?

If you believe you’ve been a victim of a scam online, here’s what to do next:

• Call our customer service team on 13 24 61
• Contact your financial institution immediately
• Disconnect your computer from the internet and run an anti-virus scan
• Report it to Scamwatch so they can warn others about the scam email

How to contact us

If you’re concerned about any communications you’ve received, and would like to speak to us directly, you can reach out to us by:

• Calling our customer service team on 13 24 61
• Contacting us via Facebook Messenger (you can be sure it’s us by the blue verified tick) or send us a direct message on Twitter.

Use our app to be sure it’s us

To be sure it’s us, you can view correspondence and pay your energy bills from the Origin App or by logging into My Account.

The post How do you tell a scam from a real Origin message? appeared first on The Origin Blog.

What are centralised energy services?

Our centralised energy services include embedded electricity networks, serviced hot water and natural gas for residential high-rise buildings. As these services provide the energy needs for the whole community within the development, it means we can purchase energy in bulk, resulting in competitive rates for the community living in the development. 

Take embedded networks as an example. Quite simply, embedded networks allow the energy for the development to be aggregated and purchased in bulk from the wholesale electricity market through the ‘Master Meter’ (also known as ‘gate’ or ‘parent’ meters). The community then have access to the competitive electricity rates through their own meter which records individual electricity usage.

What are the benefits of centralised energy services?

Hardware is supplied and maintained

Electricity and hot water meters are installed to your schedule at no cost to the developer. Hardware is also maintained for the life of the agreement, and gas meters are no longer needed when our solution is adopted. 

Renewable energy solutions

If you’re looking to incorporate renewable energy solutions into your development, we have a range of options such as solar PV systems and battery storage, as well as electric vehicle charging stations that can help you meet your goals and future-proof your development.  

Competitive pricing

We’re able to offer ongoing competitive pricing terms for residents and the community energy supply agreements.  We can also offer discounted rates for common property energy usage, helping to offset strata levies.  

Management of site electricity and gas connection

Since we manage the site electricity and gas connection process, there’s reduced need for the developer to engage with the Local Network Service Providers (LNSP’s) for metering, which can help alleviate delays and roadblocks that sometimes arise. 

Ongoing support for the owners corporation and community

There’s a reason we’re Australia’s largest centralised energy service provider, with over 3,500 communities and 410,000 customers currently using one or more of our services.   

We’ve developed our services to provide benefits and solutions for the communities, developers and owners corporations in our sites. By choosing Origin as your provider, your developments future community will have access to dedicated support from our team.  

For the owner’s corporation this means access to dedicated account managers and an operational team that provide personalised support to each community. Acting as the single point of contact, our team help the community access our range of energy solutions and address any issues should they arise.  

For resident’s there are also benefits to being an Origin customer. Residents will have access to our team of expert Energy Specialists with specialised knowledge of our centralised energy services, 24/7 emergency assistance and they’ll receive customer protections including access to payment and hardship assistance programs. 

Our customers also get access to a range of great perks with Origin Rewards. From discounted movie tickets and fuel, through to discounts at some of Australia’s favourite retailers, it’s our way of saying thanks for being an Origin customer. Residents will also be able to access offers on Origin Internet, helping simplify the moving process.

Want to learn more about centralised energy services for your development?  

The post Powering apartment living with centralised energy services appeared first on The Origin Blog.

Get an action plan

We understand that small business owners have many responsibilities, and focusing on the sustainability of their business operations may feel time-consuming. That’s why we’ve partnered with Greener for Business, a cleantech startup dedicated to helping businesses on their decarbonisation journey. Greener’s solution offers a straightforward plan to help small and medium sized business get going on their journey to net-zero.

Simply sign up, answer a questionnaire and get your step-by-step action plan as well as unlocking expert advice and exclusive offers.

Choose an energy plan with GreenPower

One of the easiest ways to start your decarbonisation journey is by switching to 100% GreenPower.  This means the equivalent amount of electricity from GreenPower-accredited renewable sources is sourced to match 100% of your electricity usage, which will go back into the energy grid. When you join Greener for Business, you’ll unlock an exclusive electricity offer which includes 100% GreenPower at no added cost*.

Consider solar power

We know how important it is for small to medium business owners to make financial decisions that are smart and efficient. Investing in solar allows you to reduce your electricity bills by harnessing energy from the sun during the day, which is when many businesses are typically using the most electricity. And with the development of alternate payment options, businesses now have more flexibility when it comes to purchasing a solar system. 

Beyond reducing your overheads, solar is a great way to help your business reduce its greenhouse gas emissions and reach your decarbonisation goals. 

You might also be eligible for the Small Business Incentive program. From 1 July 2023 until 30 June 2024, eligible small businesses with an annual turnover of less than $50 million can receive a bonus 20% tax deduction for assets that support electrification and the more efficient use of energy. 

Add a battery to your solar setup

If you really want to boost your cleaner energy credentials, and reduce your businesses reliance on the energy grid, it may be worthwhile adding a battery to your solar setup. Batteries capture and store unused energy generated by your solar panels for you to use when the sun isn’t shining – like during the evening. Our Solar Experts can help tailor a solar package to your business’s needs – handling the process end to end.

Electrify your fleet

If your business has a fleet of vehicles, electrifying it is another way you can reduce your emissions and start to decarbonise your business. And with an increasing selection of car models, charging options and financial incentives – now’s a great time to consider EVs for your business.

Origin 360 EV Fleet is the first full-service electric vehicle (EV) fleet management program of its kind in Australia. Discover how our team can help your business save on fleet operation costs, recue emissions and contribute to your organisation’s carbon reduction strategy.  

*Disclaimer: Go to Greener for Business to find out more. Terms and conditions apply. Not available all areas or property types. For Victorian customers, fact sheets are available on request or at originenergy.com.au/pricing.  For clear advice on the right plan for you contact us on 13 24 61.  For other states: Basic Plan Information Documents are available on request or at originenergy.com.au/pricing.

The post How to start your business’s decarbonisation journey appeared first on The Origin Blog.

Disclaimer:The content provided is not intended to be tax advice. It does not take into account your objectives, financial situation or needs. Origin recommends you seek your own independent tax advice prior to lodging your tax return.

What can be considered as a tax deduction?

Simply put, tax deductions are permissible reductions in your taxable income, that are recognised by Australian tax law. Tax-paying individuals and businesses can claim certain expenses or contributions related to their work. These deductions reduce the amount of income you’ll be taxed on — effectively decreasing the overall tax liability, providing financial relief and greater tax savings.

There are many deductions you can claim against work-related expenses that people often forget about when completing their tax return. Certain travel expenses, home office expenses, education and even internet and mobile phone expenses may be tax deductible. Remember, it’s worth speaking with a tax professional to confirm which apply to you (this will help ensure you’re compliant and the cost of tax advice is deductible, too!). 

Financial expenses

Accounting fees

Did you use a tax agent to prepare and lodge your tax return last year? If you did, then you can claim the amount you paid last year – on this year’s return. On your tax return, simply put the amount you paid in 2023 into section D10 – “Cost of Managing Tax Affairs”. The fees you pay for tax return help are always tax deductible. 

Donations

If you’ve been generous over the past financial year, it’s an added perk that your donation may extend beyond a good cause to a tax break. Donations of $2 or more to organisations that have the status of a deductible gift recipient  are tax deductible if you have a receipt. 

Income protection insurance

You’re entitled to claim tax deductions for insurance premiums paid against the loss of income. Remember though, this doesn’t include life insurance, trauma insurance or critical care insurance.

Investment losses and bad debts 

Many people think they are a share trader rather than an investor, make sure you know the difference to ensure you lodge your tax correctly this year.

It’s important for investors to include any capital losses not used to offset current year capital gains on their tax return in the year they occur. By including capital losses on a tax return, they’re available to use in future years and can prevent you being contacted by the ATO when the loss is used in future years. Remember, investors can’t use capital losses to offset income like wages. Business owners also need to prove they have made a genuine attempt to recover any bad debts that may have arisen. Your financial advisor can explain how to document the debt as evidence the amounts were written off before the end of the financial year. 

Prepaid expenses

With tax deductions, every little bit counts. Prepaying your expenses (such as with PAYGI) can attract a tax deduction that is commonly overlooked. 

Small business owners and rental property owners can prepay expenses such as subscriptions, business travel expenses, training events, leases, rent, phone, internet, insurance and business asset repairs (note these can’t exceed more than one year and the expenditure must be over $1000). 

Rental property expenses

One of the most common mistakes when owning a rental property is not understanding what can be claimed and when, in particular repairs and capital expenses. Repairs can generally be claimed immediately, but any improvements and capital expenses must be claimed over time.

Any work done before earning any income from the property is considered to be part of the acquisition cost and can’t be claimed unless it’s capital works or a depreciating asset, which gets claimed over a number of years. Acquisition costs can be used to reduce any capital gains when the property is sold.

If you’re not sure download the Investors toolkit and check with your registered tax agent.

Union fees

If you pay to be a part of your workplace’s or industry’s union each year, you’re entitled to a tax deduction under D5-Other work related expenses. 

Assets and inventory

Review your asset acquisition

Running a small business? Did you purchase new or second-hand assets for your business recently? If you have depreciating assets, it’s worth finding out whether you’re eligible for small business concessions, such as simplified depreciation rules, the small business income tax offset or immediate deductions for prepaid expenses. Take advantage of these concessions and/or instant asset write-offs to see if they can help reduce your tax bill (some may also save you time).

Take stock of your inventory

If your business produces or purchases stock for sale, you’ll likely need to do at least one stocktake at the end of the financial year for tax purposes. It’s important to identify any damaged or obsolete stock and write it down or write it off. This exercise will impact the value of the trading stock and your profit margins. 

You’ll also need to consider how to value your trading stock every financial year, as you may be entitled to claim a tax deduction when the opening stock exceeds the closing stock. 

Work related and operational expenses

Home office expenses

With many of us working from home, we’ve put together a quick guide to deductions for home office expenses.

The way you claim (and the amount you claim) for your home office expenses will depend on the method you use to calculate a working-from-home deduction. If you’re eligible to claim a working-from-home deduction, there are two ways you can do this: the fixed rate method or the actual cost method.  

Fixed rate method

The fixed rate method allows you to claim 67 cents for every hour you work from home and covers additional running expenses that are often difficult to apportion, such as your phone and internet usage, electricity and gas, stationery, and computer consumables (like printer ink). You can’t claim these items separately if you use the fixed rate method, but your deduction can include working-from-home expenses, which the rate doesn’t cover, such as decline in value of depreciating assets used for working from home.  

Actual cost method

Using the actual cost method, you work out your deduction by calculating the actual additional expenses you incur when working from home, such as your phone, data and internet expenses. Where you incur running expenses for both private and work purposes, you need to apportion your deduction. You can only claim the work-related portion as a deduction. Whichever method you use, you’ll need to make sure you have the right records, or your deduction may be disallowed. 

Sole traders and partnerships

If you’re a sole trader or in a partnership, you may be able to claim the business-use portion of running expenses (the additional costs of using your home for your business activities) and occupancy expenses (what you pay to own or rent your home). If you operate your business from your home and have a dedicated area set aside as a ‘place of business’, you may be able to claim occupancy and running expenses. These can include mortgage interest or rent, electricity and phone use. Find out more at: www.ato.gov.au/homebasedbusiness However, you may not get the full main residence exemption if your home is your principal place of business — for more information visit the ATO website. 

If you’re an Origin customer, you can download your energy bills using Origin’s MyAccount. Check out our tax time help and support page to learn how. 

Mobile phone expenses

As a business owner or an employee, you can claim the cost of your work-related calls (not your entire phone bill). It’s a good idea to keep a logbook of when you use your personal phone, to determine the average percentage of your calls that are work-related. If you have claimed working from home expenses, you cannot claim the same phone expenses twice.

Education and training expenses

You can claim self-education expenses if there’s a direct connection between the course and your role in your business, or your duties as an employee. You could be entitled to a tax deduction for expenses including the following: 

• Textbooks, professional and trade journals 
• Stationery 
• Photocopying 
• Computer expenses 
• Student union fees 
• Student services and amenities fees 
• Accommodation and meals, only when participating in your course requires you be away from home for one or more nights.
• Running expenses if you have a room set aside for self-education purposes – such as the cost of heating, cooling and lighting that room while you are studying in it. 

Also, if you’re a small business with an aggregated turnover of less than $50 million, you may be eligible for the small business skills and training boost. The boost would give you an additional 20% bonus tax deduction for eligible expenditure incurred on training new and existing employees.

If eligible, you can claim a deduction on expenditure for external training courses delivered to your employees, either in person in Australia or online. The training must be provided by an external training provider registered in Australia. The boost is available until 30 June 2024. 

You can’t claim expenditure for training you undertake yourself as a business owner, such as where you are a sole trader, partner in a partnership or independent contractor.

Work-related car expenses

Business owners who use their personal car for work-related reasons, apart from driving to and from work, can usually claim running costs as a tax deduction where a valid logbook has been kept for a representative period of three months. Or you can use the cents per kilometre method for up to 5,000 kilometres. To be eligible, you must be the owner of the car and your travel must be part of your working day. For example: driving between offices, special trips to the post office, bank or moving from one job site to another are considered work-related expenses.

Employees can also claim car expenses in similar circumstances.

Consult the ATO website

Our tips are not tax advice and are intended to be general in nature. We recommend you keep a record of all your receipts and working hours as evidence, and that you seek expert advice from a registered tax professional before you lodge your return.

For more information on what you can and can’t claim check the ATO website and for businesses check out ATO website for business. 

Get started

Build your tax and super skills this tax time with Essentials to strengthen your small business. A flexible and free online learning platform with courses for small businesses to learn how to get their tax and super basics right. To help you this tax time, and throughout the year. Not too sure where to start? you can always talk to the experts and get the help you need by speaking to the ATO, or your registered tax agent, to help get you on your way. 

This article has been created in collaboration with the Australian Taxation Office. For more helpful tax info visit the ATO Community or the ATO website.

The post Don’t forget these tax deductions in your FY24 return appeared first on The Origin Blog.

Our team of experts is here to help your organisation find tailored solutions to meet its energy needs and support its decarbonisation journey.

1. Energy Market reports

The average NEM spot electricity price for the March 2024 quarter was $78/MWh:

• $30/MWh higher than Dec-23 quarter, reflecting higher demand from warmer weather and increased interconnector and baseload generator outages.
• $5/MWh lower than Mar-23 quarter, reflecting stronger baseload generator availability and higher renewable generation Source: AEMO Gas price Q3 (Mar-23) Q3 (Mar-24) Electricity price Q3 (Mar-22) Q3 (Mar-22).
• Average domestic spot gas price for Mar-24 quarter was $12/GJ, relatively flat on both Dec-23 quarter and Mar-23 quarter.

2. Product explainer

Virtual power plant

Origin’s Virtual Power Plant (VPP), also known as ‘Origin Loop’, uses smart meter data and AI to aggregate and orchestrate hundreds of thousands of distributed energy sources in homes and businesses to help relieve pressure on the grid in times of high demand.

The video below is an example of a business customer connected to the VPP with solar, battery, and other assets. It demonstrates how Origin Loop can assist business customers in lowering their costs and CO2 emissions.

Learn more how Origin Loop can benefit your business

3. Customer stories

Melbourne City Football Club

Melbourne City FC and Origin are proud to announce a significant milestone in their partnership with the installation of rooftop solar panels and battery storage at the newly opened City Football Academy Melbourne at Casey Fields. The newly installed 40 kW rooftop solar system is expected to generate approximately 50 MWh of electricity annually, while a 13.5 kW battery storage system helps to ensures the club’s operations can function efficiently . This initiative is a significant stride for Melbourne City FC towards reducing it’s carbon footprint at their state-of-the-art facility.

Commenting on the partnership, Melbourne City FC CEO, Brad Rowse, said:“As a club, we pride ourselves on innovation and making a positive impact on our community, and we are fortunate to have a partner in Origin that shares similar values.”

Origin, now in its third year as a partner of Melbourne City FC, has demonstrated its commitment to help the club reduce its carbon emissions by implementing renewable energy solutions to power its football and administration operations.

4. Origin news and updates

4.1 Origin has agreed to acquire the Yanco Delta Wind Farm in the Riverina

Origin has entered into an agreement with Virya Energy to acquire its Yanco Delta Wind Farm, one of the largest and most advanced wind and energy storage projects in New South Wales. Yanco Delta, consists of a 1.5 GW wind farm and an 800 MWh battery. This acquisition marks an important step in Origin’s ambition to lead the energy transition through cleaner energy and customer solutions.

4.2 Origin acquires renewables developer Walcha Energy

Origin has acquired renewable energy developer Walcha Energy, including the Ruby Hills Wind Farm and Salisbury Solar Farm, with up to 1,300 MW of planned capacity.

The acquisition of Walcha Energy is consistent with Origin’s ambition to lead the energy transition, specifically the strategic priority to accelerate renewables and storage in our portfolio.

5. Energy market updates and reports

5.1 The expanded Capacity Investment Scheme

The Capacity Investment Scheme (CIS) provides a national framework to encourage new investment in renewable capacity, such as wind and solar, as well as clean dispatchable capacity, such as battery storage.

It aims to help build a more reliable, affordable and low-emissions energy system for all Australians. An expansion of the CIS was announced in November 2023. The expanded CIS seeks to incentivise the national deployment of 32GW of renewable capacity and clean dispatchable capacity by 2030.

Competitive tenders for the expanded CIS will be held approximately every six months, which began May 2024. This represents a potential source of significant new generation supply into, and a meaningful intervention in, the National Electricity Market.

About the Capacity Investment Scheme – DCCEEW. (2023, December 15). Dcceew.gov.au.

5.2 Renewables continued to increase NEM market share

During the first quarter of 2024, the output from all generation sources, except gas-fired and hydro stations, increased to meet the growing demand in the National Electricity Market (NEM). Renewables led this surge, raising their overall share of total NEM supply to 39.0%, up from 37.4% in the same period the previous year. Grid-scale solar generation had the greatest increase in output, with an 18% lift in quarterly average output from the previous Q1 to a new record of 2,164 MW this quarter. This increase continued to be driven by new and recently commissioned capacity in New South Wales and Queensland.

Read more in the Aemo Quarterly Energy Dynamics – Q1 2024 here.

© 2024 Australian Energy Market Operator Limited. The material in this publication may be used in accordance with the copyright permissions on AEMO’s website.

The post Origin Zero Quarterly Market Report Q3 FY24 appeared first on The Origin Blog.

Understand your energy costs

Most often, the term; “energy-efficiency” refers to simply decreasing the amount of energy you’re using. But for many businesses, there’s an opportunity to ensure that the energy you’re using is working for you. Understanding your energy bill and how you use energy is the first step towards getting the most out of it.

Look at demand management

Australia’s energy networks are under the biggest strain during high demand times, or what’s known as electricity peak times. During these times, the cost of energy is usually higher because of the infrastructure needed to deliver it. To take the pressure off the country’s electricity networks, many energy providers offer incentives such as cheaper prices during off-peak times. Depending on the type of business you run, it may be worth exploring whether an off-peak energy rate could help reduce your bill. 

Assess the effectiveness of your electricity

If you own or manage a large business¹ then the term Power Factor should be one you’re familiar with — understanding it could help you lower your business’ demand charges, and therefore, your running costs.

Power Factor refers to the effectiveness of incoming electricity. Sometimes, a poor power factor can affect the performance of equipment, since it uses more electricity to operate. Power Factor Correction units are available to increase the efficiency of your power supply (and may reduce your energy costs). Our business experts break down everything you need to know about Power Factor for your business.

Request a tariff review

A tariff is a pricing structure – set by the distributor in your area – it’s the way that your business is charged for the energy used.

Network tariffs are regulated by the Australian Energy Regulator (AER) and are usually set according to your previous consumption levels, location, the time you use the most electricity and your ongoing demand.

By assessing the way your business is consuming energy, via the usage patterns on your bill or our online portal, there may be an opportunity to change your tariff and explore whether a different tariff would suit your needs better. Reach out to our Business team who would be happy to review the available tariffs with you.

Go solar

We know how important it is for business owners to make financial decisions that are smart and efficient. Investing in solar allows you to reduce your electricity bills by harnessing energy from the sun during the day, which is when many businesses are typically using the most electricity. And with the development of alternate payment options, businesses now have more flexibility when it comes to purchasing a solar system. 

Beyond reducing your overheads, solar is a great way to help your business reduce its greenhouse gas emissions and reach your decarbonisation goals. 

If you use more electricity during daylight hours, solar power could help you cut down your business operating costs by taking control of the costs of daytime energy. Businesses that own the property or have a long-term lease, with large roof space that isn’t blocked by too much shade could benefit from installing solar panels.

The post How your business could save with an energy health check appeared first on The Origin Blog.

Our industry trends and energy market reports for the period 1 October – 31 December 2023.

This edition of the report includes:

Insights on the gas and electricity market

Providing an overview of the National Electricity Market (NEM) for the quarter. It shows that the decrease in NEM spot electricity prices in December 2023 was influenced by mild weather and increased solar generation, while the domestic spot gas price remained stable.

Product explainer

Discussing all things Solar Power Purchase Agreements: What are they, and how can they provide flexibility for businesses to acquire solar.

Customer stories

Showcasing the latest customer stories, including City of Melbourne appointing Origin Zero to install three battery energy storage systems and Dreamworld installing the largest solar system at an Australian theme park.

Origin news and updates

An overview of Origin news and industry updates that may be insightful for your business, including:

1. Origin Zero customers who purchase a solar system between 30 kW-100 kW can now access the UPowr digital platform, which will provide streamlined management of your system.
2. Termination of the Scheme Implementation Deed by Origin.

Energy market updates and reports

1. Oil Market Report for January 2024.
2. Details of the Australian Government’s intention to introduce climate reporting obligations for large Australian businesses.

Our insights

Electricity and gas markets

Average NEM spot electricity price for Dec-23 quarter was $48/MWh: − $24/MWh lower than Sep-23 quarter, reflecting lower demand due to milder seasonal temperatures and higher solar generation − $43/MWh lower than Dec-22 quarter, driven by lower coal fuel costs following the introduction of coal price cap and increased renewable generation.

Average domestic spot gas price for Dec-23 quarter was $11/GJ, relatively flat on Sep-23 quarter and $7/GJ lower than Dec-22 quarter when prices were volatile post the unprecedented market conditions in Jun-22 quarter.

Product explainer

What is a solar power purchase agreement (PPA)?

A solar power purchase agreement enables businesses to install solar systems with Origin Zero without any upfront costs* and use the energy it generates at a predetermined, agreed-upon rate as part of a long-term financial arrangement. Origin Zero owns, operates, and maintains the system and sells back the electricity at an agreed rate (c/kWh).

Facilitating a solar PPA with Origin Zero can help fast-track your journey to reducing carbon emissions, allowing businesses to enjoy the benefits of solar energy without the upfront investment*. Discover how your business can harness the power of solar with solar PPA

*Some site based non-system costs may be incurred and will be quoted at the time of sale.

Customer stories

City of Melbourne

Origin is working with the City of Melbourne to deliver three battery energy storage systems, as part of its ambitious Power Melbourne project.

Power Melbourne is an exciting program. This first stage will see our team install three batteries with a combined capacity of 450 kW / 1MWh – equivalent to powering more than 70 homes each day.

It’s a great example of the tailored energy solutions that we can offer our large customers to help meet their unique needs. Origin Zero was selected to install and operate the batteries following a rigorous tender process run by the City of Melbourne. All three batteries are expected to be installed by mid-2024.

The batteries will charge during the day when there is a higher proportion of renewable energy in the grid. Stored energy will then be released back into the grid when it’s needed most – helping to support the transition to renewable energy.

Dreamworld

Dreamworld is now home to the largest solar system at an Australian theme park, after we completed the installation of 2,000 panels and 13 inverters.

Expected to cover an estimated 24% of Dreamworld’s annual energy usage and reduce the park’s carbon emissions by 21%, the 788-kW solar power system will power some of Dreamworld’s biggest attractions like The Giant Drop, Tower of Terror, and Steel Taipan, while putting energy back into the local grid. Dwayne Clark, General Manager of Commercial and Facilities at Ardent Leisure, said: “The longer-term reduction in energy costs far outweighed a costly upfront installation of the panels. Ardent Leisure has been doing its part to reduce its environmental footprint, and this installation marks a significant step to reduce carbon emissions at the theme park.”

Origin news and updates

Origin Zero solar customers to benefit from access to digital platform UPowr

Origin has over 15 years’ experience in solar sales and installations for homes and business across Australia, having installed more solar power capacity in Australia than any other solar retailer since the beginning of the local solar industry, as measured by SunWiz. To help support our capability to service the growing market for business solar systems, we have recently switched to an innovative new digital platform to manage commercial solar sales, design and engineering, installation and support for system sizes between 30 kW-100 kW.

The new platform – through UPowr – manages advanced system designs, shadings and savings forecasts, and in-field installation services. It will help us streamline the customer experience, support installers, and enable us to service more customers with tailored solar solutions. We’re currently live with UPowr in QLD, NSW, VIC, and SA, and will have WA coming online early 2024.

This collaboration is just another way we’re accelerating businesses towards net zero.

Termination of Scheme Implementation Deed

Origin Energy Limited (Origin) refers to its announcement on 4 December 2023 advising the Scheme Meeting results for the proposed acquisition of Origin involving a Brookfield-led consortium of investors (Brookfield) and EIG, by way of a Scheme of Arrangement (Scheme). 

Read more here.

Energy market updates and reports 

Electricity 2024 Analysis and forecast to 2026

The International Energy Agency’s sector report* offers a deep and comprehensive analysis of recent policies and market developments, and provides forecasts through 2026 for electricity demand, supply and CO2 emissions. This report, which has been published regularly since 2020, provides insight into the evolving generation mix. In addition, this year’s report features in-depth analysis on the drivers of recent declines in electricity demand in Europe; the data centre sector’s impact on electricity consumption; and recent developments in the global nuclear power sector.

Mandatory climate reporting

Earlier this year, the Australian Government confirmed its intention to introduce climate reporting obligations for large Australian businesses. Starting 1 July 2024, climate disclosures using the International Sustainability Standards Board (ISSB) climate standard will be mandatory in Annual reports.

Even those not mandated may disclose voluntarily to attract investors concerned about climate risk. Directors must ensure robust reporting systems, evaluate climate governance, competency, and necessary data.

Read more about these reporting mandates and how your business might be affected.

*IEA (2024), Electricity 2024, IEA, Paris https://www.iea.org/reports/electricity-2024, Licence: CC BY 4.0

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