We help our clients consistently secure considerable savings on energy agreements on an ongoing basis.
The Energy Price Solutions Point of Difference
- EPS is independent and tenders to all licenced retailers.
- We provide all relevant data to avoid any unnecessary risk margins.
- Our unique tenders are designed to maximise retailer interest.
- Once we have retailer interest we drive to the lowest possible prices with a Dutch auction.
- The prices are not loaded up with commissions.
- We constantly research the market and post information and prices on our website each business day.
You are always in control.
EPS empowers you with:
- An independent analysis of all offers and
- Current market information.
You are then in a better position to make informed decisions, regarding:
- Your choice of retailer.
- The length of your contract, and
- The start dates for future contracts to best manage your future risks.
We provide:
- Ongoing monthly account monitoring and budget reports.
- Demand resets and annual tariff reviews for potential savings on your network costs.
- The due diligence of an independent third party to ensure any retailer overcharging is corrected.
Fee-For-Service
Other companies charge commissions, these commissions in the large market are added into the rates.
- The larger the load the bigger the commission.
- The higher the price the higher the commission.
- Long term contracts lock in commissions, that you end up paying.
EPS is different, we don’t charge any commission on large market contracts.
We also let our clients keep all of the savings we generate by not having any shared savings agreements.
We Tender to all Licensed Retailers
The importance of researching the whole market cannot be understated, unfortunately many energy brokerage companies are limited by commission contracts. Here at EPS, we make sure that you get all the information, our only loyalties are to our customers.
There are many different financial instruments that retailers use to hedge load, some are transparent, but there are many other bilateral deals that are not transparent.
So, the ability for retailers to offer the most competitive prices can change as the various hedging deals change.
Our Unique Tendering System
Our tenders are designed to maximise retailer interest, drive competition, and minimise retailer margins.
- We provide all the data you need to minimise risk margins.
- We make it easy for retailers to respond – increasing competition.
- Once offers are in, we run a blind reverse auction where retailers don’t know what their competition is offering, incentivising them to offer you their floor price for energy.
Sustainability and Environmental Goals
EPS is committed to helping you save the environment. If you have any sustainability goals related to energy efficiency or consumption, we can help you reach those goals in cost-effective ways.
No Unnecessary Risk Margins
EPS makes sure to eliminate any unnecessary risk margins for our clients, making sure your energy contract is as cheap, safe and secure as possible.
The national electricity market (NEM) covers NSW and the ACT, QLD, SA, VIC and TAS. It is regarded as one of the most volatile commodity markets in the world. Because of this volatility energy retailers use various financial instruments to manage their risks.
Our tenders include all your historic load shape data. For multi-sited clients we also model their future load, which is vital to remove retailer margins for risks that may not be real.
We run a blind reverse auction to the bottom of the market
The reason we use a blind reverse auction is because we can get a retailer’s walk away, or floor price. This process takes more time, but it forces retailers’ to be more competitive. When retailers don’t know what the competition is offering, our client’s finish with the best price possible.
Brokers who use electronic reverse auctions or other electronic processes save time, but cost their clients’ money because these processes allow the winning retailer to know what their competition is offering, giving them no incentive to offer their floor price.
We Compare the Offers so you don’t have to
We empower you with an independent analysis of all offers and supply current market information. By doing a like-for-like analysis of all retailers offers, EPS puts you in a stronger position to make the right decision. This makes it easier for you to choose your retailer of choice and the length of contract.
We have no Conflicts of Interest
Many energy brokerage companies are paid commissions by the winning retailer, these commissions are added to the raw energy rates and add at least $3,000/GWh per annum to your bill.
EPS is totally independent
- We don’t have to meet any retailer’s quotas and,
- We tender to all licensed retailers without bias.
Aside from adding additional cost, commissions also make other brokers more likely to lock you in for long term contracts, as this secures their income, at the cost higher energy prices for you.