Solco announces strategic alliance with L&H

Solco’s energy retail business, GO energy, has entered into a key strategic alliance with L&H Group (Solar + Solutions) which will see the latter market and sell GO energy’s energy and solar products and services.

Under the deal, the groups have entered into a partnering program which will include L&H co-branding GO energy products and services via L&H’s vast distribution capability, plus joint marketing initiatives, to grow GO energy’s expanding retail energy and solar footprint.

The alliance acknowledges that traditional energy retailing models are undergoing a transformation as customers seek to actively participate in their energy choices, including the make-up of their energy mix, by using renewable energy alternatives.

As part of the deal, GO energy has entered into an agreement to contract 1.1 MW in Solar Power Plant Agreements (PPAs) to L&H, which will be deployed across 45 L&H office sites and other premises. The rollout under these Solar PPAs is currently underway.

Also as part of the alliance, a new co-branded trading service for Small-scale Technology Certificates (STCs) has been introduced. It uses the STC trading platform, developed by CO2markets, and makes it available to Solar + Solutions clients.

Separately, GO energy has also entered into an agreement to supply electricity to a large buying group that includes the NSW Business Chamber and its member base.

The relationship covers all states in the National Electricity Market (NEM). In NSW it includes NSW Business Chamber members located in the Essential network (country NSW) and Endeavour network (Southern Sydney to Nowra) regions. The buying group currently incorporates around 1000 sites consuming approximately 30 GWh of electricity load. 

The NSW Business Chamber has been active in lobbying for a better deal for small business; under this arrangement, its members are said to enjoy market-leading rates. GO energy entered into the relationship after it was selected as one of two successful energy retailers following a competitive tender process.

Under the deal, individual businesses introduced to GO energy will be able to sign up online for two-year electricity contracts, and multisite customers will be able to get a customised energy solution tailored to their needs. The majority of the load is currently in NSW, but this is expected to change as more sites sign up in other states. 

Solco CEO Adam Pearse said: “We are delighted to enter into this important new business relationship which will increase our brand presence in National Electricity Market states and across regional NSW, where businesses will benefit from wider choice and rates on par with their city-based competitors.”

NSW Business Chamber CEO Stephen Cartwright said: “Reducing energy costs is a huge priority for many small to medium-sized business, which is why the NSW Business Chamber is particularly excited to offer our members market-leading energy rates through this arrangement. We have been impressed with GO energy’s service to date and look forward to them maintaining a high level of satisfaction amongst our member base.”