Kiama, Shoalhaven and Shellharbour councils have collectively signed an electricity supply agreement with an energy retailer, Flow Power.
The company offers plans offering, in their words, ‘advantages of the wholesale market and forward contracting – beyond standard “fixed price” contracts.’
The wholesale power price (also referred to as the “spot price”) is the cost of electricity in the National Electricity Market (NEM) determined by the Australian Energy Market Operator… aemo.com.au
The arrangements will see renewable energy added to the grid on behalf of the councils, offsetting their energy use, initially from the Sapphire Wind Farm near Glenn Innes and the Bomen and Cootamundra Solar Farms in the Riverina.
The Bomen Solar Farm will be used in the short term until the local renewable projects are completed and suppling energy to the grid.