Federal government launches energy advice for small business

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The Federal Minister for Energy Angus Taylor has announced an energy advisory service for small businesses that aims to offer practical advice to get better energy deals and improve energy efficiency.

“On average, small businesses could save more than $1,000 per year by switching energy providers, however small business owners are often poor in time and financial resources, instead focussing their time and money on their core business,” a statement from the Minister’s office said.

“This concierge-style service is aimed at helping small businesses identify, manage and reduce their energy costs.”

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Applications for the advisory service element of the $11.6 million Business Energy Advice Program opens today and organisations interested in being a roll-out partner are being encouraged to apply.

The government says the plan for small business includes:

  • A price safety net to “stop big power companies ripping off loyal customers who don’t have time to shop around for a better deal – that means savings of up to $3,457 for small businesses”.
  • Banning late payment penalties and making energy retailers pass on savings in wholesale prices to customers.
  • Backing 24/7 reliable power by underwriting new electricity generation.
  • Supporting reliable power by requiring energy companies to sign contracts guaranteeing enough energy to meet demand.

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The Business Energy Advice Program responds to the Australian Competition and Consumer Commission’s 2018 recommendation to help small businesses make better informed energy choices.

Applications close on March 4, 2019.