Reverse Auctions & Australia’s Energy Future Part 2

Reverse Auctions — a dynamic procurement process whereby several sellers offer goods or services to one buyer — are emerging as a powerful tool for Australia’s energy resources and renewable energy industries.

Used frequently internationally, this style of competitive reverse tendering is being utilised by some Australian Governments to help drive down costs and create local content supply chains. The ACT government have used the Reverse Auction process to achieve their commitment of a switch to 100 per cent renewable energy by 2020, and the process has also underpinned the construction of wind farms across Victoria, New South Wales and Victoria, along with three large-scale solar farms within the ACT.

However, despite its success internationally and in parts of Australia, Reverse Auctions are not currently commonly implemented across the rest of the country.

To explore their potential application for Australia’s energy sector and the potential benefits for local communities, NERA has collaborated with Simon Corbell, Chief Adviser at Energy Estate and former Deputy Chief Minister of the ACT, to present this two-part webinar that unpacks how Reverse Auctions work and explores how they can be used in Australia’s transition to a clean energy future and the emerging hydrogen industry.

Who should attend

• State government procurement representatives
• Private sector offtakers, investors and project developers

WEBINAR 2

Building on the foundations of Reverse Auctions and their potential use in Australia’s renewable energy space (outlined in Webinar 1), this webinar will explore practical case study examples that have been part of this process. Hear from representatives of two renewables projects that were successful applicants of the Reverse Auctions process, who will share insights into what they did and why, their business outcomes, and the importance of local content requirements in the procurement process.

Facilitated by Simon Corbell, Chief Adviser at Energy Estate and Paul Hodgson, NERA General Manager Innovation and Stakeholder Engagement (East Coast), this one-hour webinar will feature:

• Overview of the need for procurement requirements for local content
• Case study deep dives
• Discussion and Q&A

Reverse Auctions — a dynamic procurement process whereby several sellers offer goods or services to one buyer — are emerging as a powerful tool for Australia’s energy resources and renewable energy industries.

Used frequently internationally, this style of competitive reverse tendering is being utilised by some Australian Governments to help drive down costs and create local content supply chains. The ACT government have used the Reverse Auction process to achieve their commitment of a switch to 100 per cent renewable energy by 2020, and the process has also underpinned the construction of wind farms across Victoria, New South Wales and Victoria, along with three large-scale solar farms within the ACT.

However, despite its success internationally and in parts of Australia, Reverse Auctions are not currently commonly implemented across the rest of the country.

To explore their potential application for Australia’s energy sector and the potential benefits for local communities, NERA has collaborated with Simon Corbell, Chief Adviser at Energy Estate and former Deputy Chief Minister of the ACT, to present this two-part webinar that unpacks how Reverse Auctions work and explores how they can be used in Australia’s transition to a clean energy future and the emerging hydrogen industry.

Who should attend

• State government procurement representatives
• Private sector offtakers, investors and project developers

WEBINAR 2

Building on the foundations of Reverse Auctions and their potential use in Australia’s renewable energy space (outlined in Webinar 1), this webinar will explore practical case study examples that have been part of this process. Hear from representatives of two renewables projects that were successful applicants of the Reverse Auctions process, who will share insights into what they did and why, their business outcomes, and the importance of local content requirements in the procurement process.

Facilitated by Simon Corbell, Chief Adviser at Energy Estate and Paul Hodgson, NERA General Manager Innovation and Stakeholder Engagement (East Coast), this one-hour webinar will feature:

• Overview of the need for procurement requirements for local content
• Case study deep dives
• Discussion and Q&A