Wholesale Market Purchasing

Some businesses possess the ability to control their electricity usage through implementation of risk management tools such as load shedding and/or stand-by generation. For these businesses we provide a stress free professional service that takes advantage of the volatility of the Electricity Market Pool by continually assessing risk and notifying them of any price volatility in the market to better manage and take advantage of that volatility.

Detailed Risk Assessment

Prior to entering a wholesale market contract, Utilacor will conduct a detailed assessment, focusing on risk management as the key consideration to any client thinking of undertaking this form of energy purchasing arrangement.

Stand-by Generator/Load Shed Capability

Our engineering team will carry out an exhaustive study of the business site proposed for this type of purchasing to see if it will be economically viable for the business to either install a stand-by generator or use a load shedding system (turn off processes during price volatility). This assessment will also analyse the vulnerability of the client to price volatility in the market and to costs associated with purchasing of stand-by generation or switching off processes.

Comparisons with Energy Retail Contract Rates

A detailed analysis will be undertaken to see if Wholesale market purchasing is more financially justifiable than a fixed price energy retail contract. These findings will be presented impartially for the client to decide. Market education is also an important part of this, whereby Utilacor will educate the client on how the Wholesale Market works and its risks and advantages.

Suitability of Operations

Some business operations are flexible and a business can choose when to run their operations. One example is an irrigation system, where it is more effective and advisable to utilise it at night; which usually coincides with lower prices in the wholesale market. The more flexible a site’s operation is the more suited it will be to wholesale contract purchasing.

Utilacor through its kWatch® Energy Management System will be actively involved in the ongoing management and review of the client’s risk profile to ensure that we are dealing with them effectively.

Timely Client Notification

Utilacor uses kWatch® to effectively manage the risk of wholesale contract based purchasing. Our services in this area include:

• Wholesale price notification via SMS: Our wholesale market clients can be directly notified to enable them to prepare their business to implement risk management strategies.
• Notification of when to start the generator or Load Shed: When the wholesale price goes above the designated threshold chosen by the client, the client will be sent a notification that kWatch will either switch off their operations at a specific time or start up their stand-by generation.
• Hassle free and Worry free: With our dedicated 24/7 support system you can be assured you are getting the best service and advice. We also pledge our reliability in informing you of changes in a timely manner and giving you advice on how to respond to them.

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Wholesale Market Purchasing