Changing the way we use energy isn’t easy, but a rising number of organisations are showing it can be done. By reframing the prioritisation of decarbonisation, decentralisation, and digitisation, you have the opportunity to mitigate risk and create value, and move towards net zero transformation.
Managing your energy demand isn’t a tick in the box or a compliance exercise, it's a way to create value for your business. Now’s the time for a proactive approach to your energy transition strategy, including:
- Reducing emissions through climate change mitigation and adaptation opportunities.
- Accessing new revenue streams through engagement with the electricity market.
- Reducing costs through efficiency and energy-saving opportunities.
- Mitigating physical risk and transitioning risk by reducing exposure to price volatility and grid failures.
We work with clients to redesign these complex systems; and by using the extent of the PwC network, we are able to pull on the right industry, capital funding, tax, and accounting expertise needed to help solve for the unique needs of each client.
45%: Demand-side GHG reductions needed to reach a net zero compliant economy.
Unlock demand-side opportunities, whatever industry you are in
As energy grids continue to transition to clean systems, companies in every industry will no longer be able to operate on a “business as usual” basis. They will be faced with a choice between taking a “passive” or a “proactive” approach. Those that opt for a proactive approach to energy transitioning will require support in designing a value-creating operational approach, while meeting stakeholder expectations.
Reducing and optimising energy demand
If organisations cut the amount of energy they use in their daily operations, they can lower their Scope 2 emissions, contributing to slowing global warming, and significantly reduce their costs. Even simple steps can lead to more energy efficiency—like installing smart meters and small appliances, for example, to help monitor and control usage.
Achieve energy independence
By reducing their reliance on grid power, organisations can mitigate their vulnerability to price fluctuations and boost resilience against power outages and interruptions. They can also achieve significant cost savings: purchasing less grid power means companies don’t have to pay for as much electricity transmission and distribution.
Maximise market interactions
Companies that manage their energy needs through interactions with the wider market can obtain financial benefits that go beyond cost savings. Value can be accrued by developing, buying, and/or selling energy for profit or providing energy-related products and services. These might consist of environmental certificates or agreements to moderate consumption to support grid stability.
Electrify operations
Organisations that produce their own electricity, or are flexibly connected to the energy market, are ideally positioned to electrify their own operations and assets. Over time, this shift toward electricity over other forms of energy can help significantly reduce emissions and costs.
Evaluating your solutions against the World Energy Council’s 2022 World Energy Trilemma Index:
- Will this solution provide energy security and resilience?
- Is it environmentally sustainable?
- Does the solution present equity, affordability and access across all our operations for the benefit of all our stakeholders?
How we can help
As a global community of solvers, with more than 10,000 sustainability staff members and sector specialists in 65 countries, empowered by the right tech and data insights, we can help you pinpoint the most effective energy-related actions to create the most value.
By having a focused strategy and securing access to capital to getting the right numbers that prove real progress, we cover all bases. Our network of energy transition specialists have the expertise and experience to drive value-accretive demand-side energy transition solutions. We believe in working with our clients to design bespoke solutions that address their specific needs and energy ambitions by focusing on the following:
- Baselining and assessing the energy value potential.
- Identifying and capitalising on opportunities to transform.
- Defining an energy transition strategy and designing a roadmap based on priorities.
Contact us
Global Sustainability - Energy Transition Lead, Partner, PwC Australia
Tel: +61 (0)3 8603 1000
