Author: Kristy McGrath

23 Mar Edge makes submission regarding NEG

It is important that the National Electricity Market remains secure and Australia can be part of the international commitment to reducing climate change while remaining competitive. The NEG seeks to achieve these objectives while trying to achieve support from both major federal parties. The importance of bipartisan support has been acknowledged, as the market struggles to self-adapt with uncertainty. Having a lasting framework which is flexible enough to allow for changes in a rapidly changing energy market whilst providing certainty to investors who need to recoup long term fixed charges is difficult. Ensuring the market remains efficient and effective is critical to achieving the objectives. It is in this context that...

Read More

07 Mar RSPCA ADOPT A PET!

For the 50,342 animals that arrived at the RSPCA Queensland centre over the past year, it was a second chance at life.  One of those lives belonged to 3 year old ‘Roger’, a domestic short hair ginger tabby cat.  Roger had been surrendered by a family that no longer wanted him and after spending 4 months in the Wacol RSPCA shelter, was re homed.  Roger was given another chance of life after being adopted by Kristy McGrath, our Head of Operations & Client Delivery, at the recent RSPCA Pop Up Adoption Day in South Brisbane.  Already having two dogs and two horses, adopting Roger from the RSPCA was an easy decision when it...

Read More

09 Nov Help Sick Kids Today!

The Children’s Hospital Foundation helps sick kids today and tomorrow by funding life-saving medical research, investing in vital new equipment, and providing comfort, entertainment, support and care for children and their families. To support this great charity, Edge will be attending The Coffee Club Telethon Ball for the 2nd year running on the 18th of this month. Unfortunately this event sold out quickly, however there’s a lot you can do to support a child with an injury, serious illness or life threatening disease. You can donate money to help save precious young lives. Donate your time to make a difference at our children’s hospital. Or raise funds for vital research and equipment,...

Read More

09 Nov Gas Supply Remains in Focus

Market News The Australian Energy Market Operator (AEMO) released its updated Gas Statement of Opportunities during September. The report indicates that in eastern and south-eastern Australia, there is potential for an annual energy shortfall in the domestic gas market of 54 petajoules (PJ) in 2018 and 48 PJ in 2018. AEMO warned that the shortfall could be higher in a variety of plausible circumstances that could increase demand for gas by household and business consumers, and for gas-powered generation of electricity (GPG) in the National Electricity Market (NEM). AEMO’s estimates that the shortfall could be as high as 107 PJ in 2018 and 102 PJ in 2019. This forecast was quickly...

Read More

09 Nov Internal Risk Guidelines – Time for a check-up?

How does your business procure its electricity? More importantly how does your business manage electricity price risk? Do you secure a long-term agreement only to file it away not to be seen for several years? If this is the case, then it’s time for a check-up because you may be placing your business at risk. If your business is situated on the east coast of Australia it’s connected to the National Electricity Market (NEM). This market operates every second of the day, 7 days per week, 365 days per year. It’s the platform that connects electricity producers and consumers. The NEM enables electricity to be treated as a commodity and consumers can...

Read More

09 Nov STAFF PROFILE – Melissa Lascelles

With extensive industry knowledge and experience, Melissa brings insight and clarity to her role as a Portfolio Manager. Her experience as both a retail client and a portfolio manager in the energy industry means she can be innovative and responsive in delivering optimal solutions for our clients. With a focus on client relationships, Melissa believes that collaboration helps to bring the best possible energy portfolio outcomes. What is the best piece of advice you have ever received? Don’t sweat the small stuff.  I continue to remind myself of this on a regular basis. Name a place you have never been to and would like to visit. Why? Sabah. A remote non-western location with gorgeous...

Read More

27 Sep Energy deals cut costs

Edge Energy Services (Edge) provides expert advice to large energy consumers. Good advice starts with understanding the customers energy constraints, requirements and motivations. This means any identifying seasonal or daily trends in demand as well as risk appetite and any green commitments. Once Edge understands the critical information we will facilitate a tailored agreement with an energy provider. For more complex energy portfolio’s, customers may benefit from on-going management services particularly when progressively purchasing or taking spot exposure. Over the past 18 months wholesale energy prices have increased. This has forced consumers to think more laterally about their energy costs. Most energy providers will base their pricing offers on the forward...

Read More

10 Jul Edge Insights – Issue 4

Edge Insights provides you with the latest news in the energy industry and showcases some of our services that help to ensure businesses maintain their optimal energy arrangements at all times. In this edition: Renewable projects to meet your energy needs State of the Market Q217 Staff Profile: James Webster Government steps in to reduce gas prices Energy Cost Forecasts Raising funds for Kids’ bus Renewable Projects Deliver Value Interest in renewable generation projects has escalated on the back of elevated black and LGC prices and declining renewable offtake costs. The fulfilment of these projects presents an opportunity to change the energy supply landscape in  Australia. However, will government intervention and continued downward...

Read More

18 May CEOs concerned about energy price rises

The CEO Business Prospects Survey conducted by The Australian Industry Group (AI Group) has identified a concern among CEOs about a rise in energy prices in 2017. The annual survey received responses from 285 CEOs representing all major non-primary private-sector industries Australia-wide. The industries were grouped into mining services, manufacturing, construction, and services. Edge was particularly interested in the results as our core business is supporting clients from these industries in managing their energy costs and portfolios. Many respondents are cautiously optimistic about business conditions in 2017 but maintain an almost neutral position when it comes to business investment and employment. There are several positive factors that contribute to this optimism including;...

Read More

10 May Budget 2017: Morrison reveals Energy for the Future package

Scott Morrison last night delivered his 2017-18 federal budget which included a commitment from the government to deliver affordable and reliable energy through its energy security plan. He reiterated a number of prior announcements including; Snowy Mountains Scheme 2.0, expansion of pumped hydro storage schemes in Tasmania, and a $110m equity investment in a solar thermal project in Port Augusta, South Australia. The Federal Government announced it’s in negotiations with New South Wales and Victorian State Governments to buy Snowy Hydro outright. The government currently owns 13% and experts are quoting a price around $6 billion to purchase the remaining share. Unfortunately, there was no certainty given to any future policies around carbon...

Read More