How an Embedded Network Could Benefit Your Business
Utilising an embedded network can provide substantial savings for commercial buildings such as apartment blocks, office buildings, and shopping centres.
In a traditional non-embedded network design, each individual apartment, business, or shop has its own connection point to the local network. The network operator is then responsible for all metering services, while an electricity retailer is responsible for retailing and billing.
By aggregating usage of all individual units within the development and incorporating an embedded network, an opportunity exists for the site’s owner to gain access to the wholesale energy market for a bulk electricity purchase.
As a result, the collective group purchase can attract a cheaper rate than what is available to individuals, allowing for a potential revenue stream to the site owner due to the differential between the group energy rate, and the rate charged to individual tenants.
As an approved electricity retailer, Infinite Energy is able to design, install, own and maintain an embedded network on behalf of the site’s owner. This solution is facilitated via a Power Purchase Agreement (PPA) ensuring there is no capital outlay.
Infinite Energy will take on ownership and maintenance of the embedded network for the agreed upon term, becoming responsible for all billing functions.
Benefits of an Embedded Network for Developers
Embedded networks provide a potential reduction of the network operator’s connection headworks cost for new developments. Typically, the site connection price provided by the network operator includes the cost of metering. By removing metering from the scope of works an opportunity exists to reduce costs.
As your electricity provider, Infinite Energy can provide a more informative, customer focused and sophisticated metering infrastructure than what’s offered by the network operator.
Plus, installing a large scale solar system alongside an embedded network can allow for further energy price reductions, creating additional, substantial savings.
Benefits of an Embedded Network for Strata Companies/Owners
The site owner or strata company can either choose to pass through electricity at cost and reduce the individual owner’s/tenant’s energy rate (making their building more competitive), or charge electricity at the applicable gazetted tariff to generate a revenue stream. This revenue can be used to offset levies, further contribute to a sinking fund, or pay for upgrades to increase the attractiveness of the site.
All billing will be taken care of by Infinite Energy, with flexible options allowing tariff customisation for individual users.
Embedded Networks and Solar Embedded Generation
Installing a large scale solar system alongside an embedded network can produce additional savings, displacing a large portion of the electricity the site owner would need to buy from the grid. Like an embedded network, a revenue opportunity exists due to the cost difference between solar generation, and the rate at which individual owners are billed for power.
To take the pressure off buying a solar system outright, Infinite Energy also offers solar Power Purchase Agreements. With a PPA, the PPA Provider takes on full ownership and maintenance of the solar system on your roof. The site owners then purchase the electricity generated by the solar system, which can be as low as 13 cents per kWh.
Additional benefits of solar embedded generation include improved energy efficiency due to roofing insulation, increased NABERS rating and environment credentials for the building at no cost to the developer, plus showcasing the building’s focus on sustainability by providing a strong visual environmental statement.
If you’re interested in learning more about embedded networks and how it could benefit your business, contact us today.