Extreme temperatures are typical of an Australian summer. This is why it’s traditionally the time of year the power network is most stretched.
While winter and its associated energy costs may be front of mind, looking ahead to summer it’s important to understand how your energy costs may be impacted if an event is called under the Reliability and Emergency Reserve Trader (RERT) scheme. And if you’re an eligible large electricity user, how you could generate additional revenue by becoming a RERT provider.
RERT is an important mechanism to maintain power system reliability and security during peak periods which calls on large energy users to ‘power down’ to reduce the load on the network or generate power from their own generators.
During a significant power event, the Australian Energy Market Operator (AEMO) may call on RERT providers to reduce their electricity demand. Providers can respond by using less energy from the grid or generating power from their own generators.
Shell Energy, like many other energy retailers, is a RERT provider. Our eligible large customers can sign up to Shell Energy’s RERT program and be paid to reduce their energy consumption during peak demand periods.
Additionally, since the costs of using the RERT are recovered from energy users, eligible businesses participating in the scheme can also simultaneously benefit by minimising their exposure to these associated recovery charges while being compensated for their reduction in energy consumption.
Large Shell Energy customers (>2 gigawatts per annum) in National Electricity Market (NEM) states who can run generators or curtail power within two hours are welcome to express an interest in participating in Shell Energy’s RERT program this year. As a retailer, Shell Energy enters into an agreement with AEMO to provide a certain volume of reserved energy under the RERT scheme. As a result, we will accept all suitable customers on a first come first serve basis until all our volume obligations to AEMO are met.
Another way to be rewarded for reducing your consumption during periods of peak demand is through our Demand Response program. Customers in Victoria, New South Wales, Queensland and South Australia that can reduce consumption by at least 300 kilowatts, typically within 30 minutes, may be eligible to access this program.
If you’d like to learn more about whether your business could participate in a RERT program and potentially generate additional revenue this summer, contact your dedicated Shell Energy account manager or click below to get in touch with our expert Energy Solutions team.
If you are not eligible to participate in a RERT program, Shell Energy customers can earn revenue from reducing consumption during periods of peak demand through our Demand Response Program. Customers in Victoria, New South Wales, Queensland and South Australia that can reduce consumption by at least 300 kilowatts, typically within 30 minutes, may be eligible to access this program. To learn more, get in touch with our expert Energy Solutions team here.
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