A contestable energy consumer is a customer who has the ability to choose their own electricity retailer, rather than being limited to the local distribution company. According to the Government of Western Australia, if your Strata Company (common property or embedded network) uses more than 50 MWh per year, you are eligible to become a contestable energy consumer.
As a contestable energy consumer, you can benefit from the following things:
- Lower Energy Costs
One of the main benefits of being a contestable energy consumer is the potential for lower energy costs. By choosing your own electricity retailer, you have the ability to shop around for the best rates and negotiate with energy retailers. This can lead to significant cost savings for your strata building, particularly if you have high energy usage.
- Increased Control Over Energy Usage
As a contestable energy consumer, your strata building will have more control over its energy usage. This can include implementing energy-saving measures, such as LED lighting or motion sensors, and monitoring energy usage in real-time. By promoting energy efficiency and reducing wastage, the strata can further reduce energy costs and improve sustainability.
- Contract Negotiation
By negotiating the terms of your energy contract, your strata building can ensure that it is getting the best deal possible. This can include negotiating rates, contract length, and other terms and conditions. By carefully reviewing and negotiating your energy contract, you can avoid hidden fees and charges and ensure that you are not paying more than you need to.
- Choice of Retailer
Being a contestable energy consumer gives your strata building the ability to choose its own electricity retailer. This can be particularly beneficial if you are not satisfied with your current retailer or if you are looking for a retailer that offers renewable energy options. By choosing a retailer that aligns with your strata’s values and priorities, you can further promote sustainability and reduce your carbon footprint.
- Improved Sustainability
By promoting energy efficiency and reducing wastage, your strata building can improve its sustainability and reduce its environmental impact. This can include implementing renewable energy options, such as solar panels, and reducing energy usage through energy-saving measures. By taking these steps, your strata building can not only reduce its energy costs, but also contribute to a more sustainable future.
Becoming a contestable energy consumer can provide several benefits, so if your strata building uses more than 50 MWh per year, it may be worth exploring these benefits and taking steps to reduce your energy costs and promote sustainability.
Contact your strata manager if you want more information about this.