New entrant AECO Energy launches business innovation to deliver ‘last mile of value chain’ to Singapore’s maturing open electricity market

• AECO Energy announces the launch of its operations in Singapore to
  provide innovation to the open electricity market for businesses with
  generation 2.0 of its technology and service offerings.
• The company will introduce three solutions as part of its initial
  portfolio, customisable to specific business needs.

SINGAPORE – Media OutReach – 13 April 2021 – AECO
Energy, a new entrant to Singapore’s electricity sector, has today announced
the launch of its operations. AECO Energy will be the first-of-its kind energy
technology and services company aimed at innovating customer-centric offerings
in electricity and renewable energy markets.

 

With over 12
years of experience in delivering open market electricity services and
solutions to businesses in Australia under the Power Choice brand, AECO Energy
is bringing its second generation of services and technology to Singapore for
the first time. AECO’s second generation delivers on two major offerings.

 

Firstly, AECO
delivers the ‘last mile’ of value in Singapore Open Electricity Market (OEM)
value chain by providing innovative services to assist businesses to manage,
plan and make better buying decisions.

 

AECO is all
about enabling increased profits for businesses. AECO has a customer-centric
mission to use its low-cost proven technology and expert-led services to enable
better business decisions within a complex electricity market with multiple
providers and opaque medium- to long-term pricing information. This comes
against the backdrop of Singapore’s maturing OEM, which gives businesses and
consumers the autonomy to buy and choose their electricity providers – the
freedom to choose.

 

AECO Energy’s
technology platform, MarketPro™ with its unique, electricity futures market
simulator Rate Watch™, delivers business and electricity efficiency and
empowers businesses through relevant and timely pricing information, while also
helping Singapore businesses make better buying decisions via automated tenders
and reverse auctions. Moreover, for businesses who do not have the capability
and capacity to manage and purchase its own electricity, AECO Energy Portfolio™
delivers scalable buying power with a fully-managed contract management and
purchasing aggregation service for small, medium and large businesses.

 

Alan Jones, CEO, Chairman & Founder, AECO Energy, said: “We are incredibly
excited and humbled to be joining Singapore’s dynamic energy scene with our
low-cost, high-value products and services. Our mission is clear: just like
Amazon is revolutionising the ‘last mile’ of product supply chains with its
same day delivery, we are also delivering the ‘last mile’ of the value chain in
Singapore’s OEM that enables more businesses better purchasing decisions, more
business profitability and growing all of Singapore’s economy.”

 

Secondly, with
SGX-listed entities, enterprises and multinational corporations (MNCs)’
increasing emphasis on sustainability, AECO (through its SustainPro™ offering)
will bring for the first-time in Singapore the benefit of AECO’s direct
relationship with generators of International Renewable Certificates (I-REC).
This enables Southeast Asian markets the benefit of medium- to long-term
low-cost and structured REC solutions to meet renewable energy targets and
sustainability goals. This translates to more profits by providing more
predictable costs for businesses in meeting their sustainability and renewable
energy goals. 

 

“As a specialised company, unburdened with corporate
overheads and distractions from Singapore’s local market participants, we can
offer companies who are based anywhere in Southeast Asia, sustainability and
renewable energy solutions that span markets and countries at a lower and more
predictable price. We are honoured to play our part to bring sustainability and
increased renewable energy throughout the world and to do so while benefiting
our customers’ cost structures,” continued Mr.
Jones.

 

AECO Energy is
introducing three offerings as part of its electricity management solutions:

• MarketPro™: Businesses can optimise
  costs and seize market opportunities with exclusive access to customised market
  price information through AECO Energy’s integrated online procurement and
  management platform equipped with Rate Watch™, a market simulation and
  automated procurement technology from as low as SGD $149 per month.
• Portfolio™: Businesses get exclusive
  access to economies of scale with better buying power through professional and
  expert-managed energy procurement portfolios overseen by AECO Energy experts.
  This allows enterprises to focus on their core business while AECO Energy
  experts will fully-manage their electricity contracts and make better buying
  decisions on their behalf from as low as an additional SGD $74 per month.
• SustainPro™: SustainPro focuses on
  helping businesses meet their sustainability goals at the lowest cost. AECO
  Energy offers lower costs on the procurement of Renewable Energy Certificates
  (RECs) and tailored REC supply solutions designed to meet transition needs
  towards a more sustainable business.

 

“With the understanding that business needs are unique
for every organisation, our energy experts will work closely with customers
here in Singapore to help them reduce costs, drive efficiency and make better
buying decisions. By providing technology-enabled, insights-driven energy
technology solutions, we want to create a profound impact on our customers’
businesses to better position them for sustainable growth in the long-term,” concluded Alan.