Solarmatic – Australia’s Embedded Network Provider
What is an Embedded Network?
In an embedded network, the owners of large commercial or industrial properties such as shopping centres or apartment blocks sign a contract with the energy retailer to supply electricity to their entire property. The tenants of the property pay for their usage as each tenant is fitted with a private meter and all the electricity used by the tenants is aggregated to the parent meter.
The embedded network operator sells electricity to the tenants and collects the revenue. He pays for the building’s energy usage as one account. As the electricity is supplied in bulk, the operator or owner can sell electricity to the occupants at a more competitive rate.
The embedded network operators need to register with the Australian Energy Regulator (AER) and abide by the conditions set out in their Exempt Selling Guidelines (Retail and Network). The primary aim is to ensure that the tenants/customers get adequate protection.