Presentation on theme: "Electricity Contracting AIG 6 May 2010 Terry McCauley GM Sales ERM Power Retail."— Presentation transcript:
Electricity Contracting AIG 6 May 2010 Terry McCauley GM Sales ERM Power Retail
about ERM Power The next major vertically integrated energy company in Australia 2 ERM Generation Australia’s leading gas developer ERM Generation Australia’s leading gas developer ERM Gas large purchaser ERM Gas large purchaser ERM Retail focused on C & I customers ERM Retail focused on C & I customers
about ERM Power Australia’s dominant new generation developer 3
structure of the market generators transmission distribution retailers customers AEMO 4
be prepared get your house in order – source recent 30” data (12 months) – align approval processes to execute (7 day validity) – check your credit rating (DnB) – 14 day payment terms & EFT – review T’s & C’s in advance of price request – non vanilla contracting ? going to market – out to tender several months in advance (timing the market) – consider type of tender (direct/broker/reverse auction) – like for like comparison of offers – consider value added services 9
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