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SINGAPORE\u00a0–\u00a0Media OutReach<\/a>\u00a0– 13 April 2021 –\u00a0AECO
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With over 12
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Firstly, AECO
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AECO is all
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AECO Energy’s
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Alan Jones, CEO, Chairman & Founder, AECO Energy,<\/b> said: “We are incredibly
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Secondly, with
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“As a specialised company, unburdened with corporate
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AECO Energy is
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“With the understanding that business needs are unique
\nEnergy<\/a>, a new entrant to Singapore’s electricity sector, has today announced
\nthe launch of its operations. AECO Energy will be the first-of-its kind energy
\ntechnology and services company aimed at innovating customer-centric offerings
\nin electricity and renewable energy markets. <\/p>\n
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\nyears of experience in delivering open market electricity services and
\nsolutions to businesses in Australia under the Power Choice brand, AECO Energy
\nis bringing its second generation of services and technology to Singapore for
\nthe first time. AECO’s second generation delivers on two major offerings. <\/p>\n
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\ndelivers the ‘last mile’ of value in Singapore Open Electricity Market (OEM)
\nvalue chain by providing innovative services to assist businesses to manage,
\nplan and make better buying decisions. <\/p>\n
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\nabout enabling increased profits for businesses. AECO has a customer-centric
\nmission to use its low-cost proven technology and expert-led services to enable
\nbetter business decisions within a complex electricity market with multiple
\nproviders and opaque medium- to long-term pricing information. This comes
\nagainst the backdrop of Singapore’s maturing OEM, which gives businesses and
\nconsumers the autonomy to buy and choose their electricity providers – the
\nfreedom to choose. <\/p>\n
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\ntechnology platform, MarketPro\u2122 with its unique, electricity futures market
\nsimulator Rate Watch\u2122, delivers business and electricity efficiency and
\nempowers businesses through relevant and timely pricing information, while also
\nhelping Singapore businesses make better buying decisions via automated tenders
\nand reverse auctions. Moreover, for businesses who do not have the capability
\nand capacity to manage and purchase its own electricity, AECO Energy Portfolio\u2122
\ndelivers scalable buying power with a fully-managed contract management and
\npurchasing aggregation service for small, medium and large businesses. <\/p>\n
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\nexcited and humbled to be joining Singapore’s dynamic energy scene with our
\nlow-cost, high-value products and services. Our mission is clear: just like
\nAmazon is revolutionising the ‘last mile’ of product supply chains with its
\nsame day delivery, we are also delivering the ‘last mile’ of the value chain in
\nSingapore’s OEM that enables more businesses better purchasing decisions, more
\nbusiness profitability and growing all of Singapore’s economy.” <\/i><\/p>\n
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\nSGX-listed entities, enterprises and multinational corporations (MNCs)’
\nincreasing emphasis on sustainability, AECO (through its SustainPro\u2122 offering)
\nwill bring for the first-time in Singapore the benefit of AECO’s direct
\nrelationship with generators of International Renewable Certificates (I-REC).
\nThis enables Southeast Asian markets the benefit of medium- to long-term
\nlow-cost and structured REC solutions to meet renewable energy targets and
\nsustainability goals. This translates to more profits by providing more
\npredictable costs for businesses in meeting their sustainability and renewable
\nenergy goals.\u00a0 <\/p>\n
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\noverheads and distractions from Singapore’s local market participants, we can
\noffer companies who are based anywhere in Southeast Asia, sustainability and
\nrenewable energy solutions that span markets and countries at a lower and more
\npredictable price. We are honoured to play our part to bring sustainability and
\nincreased renewable energy throughout the world and to do so while benefiting
\nour customers’ cost structures,” <\/i>continued Mr.
\nJones. <\/p>\n
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\nintroducing three offerings as part of its electricity management solutions: <\/p>\n
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\ncosts and seize market opportunities with exclusive access to customised market
\nprice information through AECO Energy’s integrated online procurement and
\nmanagement platform equipped with Rate Watch\u2122, a market simulation and
\nautomated procurement technology from as low as SGD $149 per month.<\/li>\n
\naccess to economies of scale with better buying power through professional and
\nexpert-managed energy procurement portfolios overseen by AECO Energy experts.
\nThis allows enterprises to focus on their core business while AECO Energy
\nexperts will fully-manage their electricity contracts and make better buying
\ndecisions on their behalf from as low as an additional SGD $74 per month.<\/span><\/li>\n
\nhelping businesses meet their sustainability goals at the lowest cost. AECO
\nEnergy offers lower costs on the procurement of Renewable Energy Certificates
\n(RECs) and tailored REC supply solutions designed to meet transition needs
\ntowards a more sustainable business.<\/span><\/li>\n<\/ul>\n
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\nfor every organisation, our energy experts will work closely with customers
\nhere in Singapore to help them reduce costs, drive efficiency and make better
\nbuying decisions. By providing technology-enabled, insights-driven energy
\ntechnology solutions, we want to create a profound impact on our customers’
\nbusinesses to better position them for sustainable growth in the long-term,”<\/i> concluded Alan<\/b>. <\/p>\n