PACE Progressive ACquisition Of Energy

PACE Fact sheet
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PACE Portal
What is Progressive Purchasing
Progressive purchasing allows your business to spread timing risk by progressively locking in energy prices over a long period, helping to smooth out the market highs and lows, avoiding the timing risk of a lock in contract at a high point in the market.
  • Portal is ZEN’s online energy procurement platform for large electricity customer to strategically purchase of energy.
  • Instead of buying fixed-rate electricity at a point in time, progressive Pricing embraces a flexible approach for greater and transparent purchase of energy.
  • Energy purchases are made during various times at varying prices based on market conditions throughout the contract period.
Why Progressive Pricing?
  • Progressive purchasing adapts to changing market conditions and takes advantage of opportunities for cost-effective procurement as wholesale electricity prices change.
  • Allows for purchase of parcels as small as 5% of contracted volume for each period, making energy purchasing decisions separately.
  • Final prices are calculated once 100% of the contract volume is purchased for the period.
The Benefits of PACE
The PACE Portal (Progressive ACquisition Of Energy) means you can explore pricing, examine your cost breakdown, historical data and receive notifications.
  • Purchase your required energy and LGC separately using ZEN’s secured progressive purchase portal
  • Explore ZEN’s price and make informed decisions
  • Look through your energy cost breakdown and retain purchase history – all in one place
  • Reminders and notification from ZEN’s secured progressive purchase portal to keep you up-to-date

OUR CUSTOMERS’ SUSTAINABILITY STORIES

Our customers are renewable energy leaders. These are their stories.

OUR ENERGY

ZEN Energy has offtake agreements with some of Australia’s premier renewable energy projects. We are committed to only generating renewable electricity through the off-take agreements we sign.

FAQS

Electricity supply is a major contributor to the emissions profile of many organisations. This Scope 2 source of emissions is constantly and accurately recorded as part of the regular business operations of our customers as well as wholesale market settlements.

Electricity is procured for customers from the aggregated wholesale pool and so attracts the average emissions intensity for the grid region (using the National Greenhouse Account Factors approved method).

Large scale renewable energy generators create one Large-Scale Generation Certificate (LGC) for every Megawatt hour (MWh) of energy exported. A 100% renewable energy contract is structured by matching one LGC to every MWh of energy consumed, inclusive of mandatory LGC obligations. This meets the highest reporting standards of Climate Active, RE100 and Science Based Targets.

We have an extended and expanding portfolio of offtake agreements with a broad range of partners. These include; Neoen, Elliot Green, AMP, Palisade, Delta, Risen, Acciona, Impact Investment Group.

 

OUR RULES OF PLAY

The future is no longer a choice between a growing economy and a cleaner planet. Our customers’  survival depends on both.

We deliver for our customers
We openly share our knowledge
Our solutions must be competitive
We offer choice and are not single minded
Our supply chain is innovative and sustainable
We promote global best practice across our business
We work to change the Australian energy market, for the better.

 

PACE stands for Progressive ACquisition Of Energy