Applying can feel complex, but we’ve broken it down into simple steps to maximise your success.

Why your business should apply

Energy grants don’t just cut upfront costs – they deliver long-term benefits, including:

• Lower energy bills & operating costs
• Increased profitability & cash flow
• Improved sustainability & reduced carbon footprint
• Compliance with energy efficiency regulations
• Competitive advantage & enhanced brand reputation

Latest Grants you should know about

How can grants & rebates be used

• Government funding can help cover:
• Solar panels & battery storage
• Energy-efficient lighting & HVAC upgrades
• Smart energy management systems
• Industrial process improvements
• Electrification & fuel switching
• Energy audits & feasibility studies

Your step-by-step guide to applying

1. Find the right grants
Federal and state programs like ARENA, CEFC, and tax rebates offer funding for energy efficiency projects. Visit government sites or consult experts (like Northmore Gordon) to identify the best opportunities.

2. Check your eligibility
Each grant has specific criteria – business type, location, and project scope. Make sure you qualify before applying.

3. Get your documents ready
Most applications require:

• Business registration proof
• Financial statements
• Energy audit reports
• Details of your proposed upgrades
  

Having these on hand speeds up the process.

4. Build a strong case
A well-structured energy efficiency plan, outlining costs, savings, and sustainability benefits, increases your chances of success.

5. Apply with precision
Double-check all details before submitting. Errors or missing info could mean losing out on funding.

6. Follow up
After submitting, confirm receipt and stay engaged with the grant provider for updates.

How Northmore Gordon can help

Navigating grants can be complex, but you don’t have to do it alone. Our team of experts helps businesses unlock funding, cut energy costs, and boost sustainability. Let’s get started – Talk to us today.

Contact Craig at c.morgan@northmoregordon.com to find out more today.

The post Don’t miss out on Energy Grants – Secure funding for your business appeared first on Northmore Gordon.

Reliance on price comparison websites

Price comparison websites are great if you are a domestic customer or small business user. However larger users need tailored pricing and tailored solutions. You can use your load size to your advantage with direct negotiation.

Not understanding the options

There are more than just fixed price or discount of tariff contract options. These are by far the most common, but electricity retailers have a suite of other contracts that could save you up to 50% off the regulated tariff. The retailers don’t often advertise these options as they make more money from the standard contracts and customers don’t always understand the more complex pricing structures. Knowing what options are available can help you choose one with the best risk profile for your business.

Re-contracting according to your contract expiry date

The standard procurement approach to purchasing electricity is to wait until the contract expiry date is approaching and go to market then. But electricity prices can be quite volatile and keeping an eye on the market and contracting during lower price periods can save you thousands of dollars.

Not negotiating after first round offers

There is always room for negotiation, and if you don’t ask you don’t receive. You may prefer one retailers’ contract structure and anothers’ price so don’t just accept the first offer as the only offer.

Supplier loyalty 

In new markets there can be fear that entering contracts with new players are riskier to go with, but the Energy Market Authority does a thorough due diligence check for all retailer suppliers before they issue a retail license. Some of the better pricing options come from the new market players as they have experience from other, more established electricity markets around the world.

Fear of supply disruption when changing retailer

If you change retailer there are no physical changes to the way electricity is delivered to your business. The Energy Market Authority manages the physical electricity network and ensures that supply meets demand. The meter reading is managed by SP Services. Changing retailer simply means that SP send your meter data to the new retailer for billing purposes. It is up to the retailer to manage the price that they buy and sell the power at – this is all done via the financial markets and has nothing to do with the physical delivery of power to your premises. 

Not being ready to sign when the contract is ready

Delays in signing the retail contract can get very expensive. The oil price is often used as a reference point for price validity, and as we have seen recently the oil prices have been changing rapidly on a daily basis. Once the final retail offers are in and you like the contract price and the structure then you must be ready to execute the contract before the price becomes invalid.

The post Are you buying electricity in Singapore? Avoid these common mistakes… appeared first on Northmore Gordon.