Sunday, May 26, 2024

Northern Beaches brokers renewables deal for local business

Businesses across the Northern Beaches are being invited to join a new Power Purchase Agreement (PPA) to reduce their carbon emissions and save on power bills.

Northern Beaches Council has appointed Business Green Energy to broker a 100% renewable electricity PPA. A renewable electricity PPA is a contractual agreement between energy buyers and sellers which directly benefits participating local businesses by reducing their carbon emissions and scaling up their buying power.

For local businesses, a PPA is expected to be cheaper, more efficient, and less complex than going it alone, says Northern Beaches Mayor, Michael Regan.

The Mayor said there had already been strong interest from local businesses to be involved in the PPA.

“Local businesses are part of a progressive community that cares deeply about the environment,” he said.

“We are proud to work with energy providers to help local businesses to offset their emissions and reduce their electricity bills. 

“Our recent webinar was well attended with over 40 organisations joining the discussion. By popular demand, a second webinar will be held in May to explain how the PPA works and what benefits it can bring to local businesses.”

There are more than 32,700 businesses across the Northern Beaches and their emissions account for 37% of the Northern Beaches community’s overall carbon emissions. More than 70% of these emissions are from electricity, the Mayor said.

The PPA is suitable for businesses with high electricity usage (over 100MWh/Year) or an approximate energy spend of more than $32,000, but smaller businesses are also invited to register their interest.

Council’s own Power Purchase Agreement is currently with Iberdrola, which owns the Bodangora Wind Farm in regional NSW where our offsets are sourced.

“Northern Beaches Council is leading by example with our PPA, but we are keen to support the community in our commitment to achieving net zero in 2050, and this Business PPA is one tool to help achieve that goal,” Mayor Regan said.  

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