Sourcing our energy

The Vesting Contract establishes an initial wholesale contract position between Synergy and Verve Energy, which provides for a displacement mechanism to expose defined supply volumes to competitive sourcing.

This is to be achieved through:

• Tendered Displacement, which Synergy must enter into by certain dates specified in the Vesting Contract and in accordance with a tender process set out in a related Ministerial Direction.
  
  See the Process Summary and Process Updates for further information or email manager.powerprocurement@synergy.net.au; and

• Negotiated Displacement, which Synergy can arrange through negotiation or by separate tender or as part of Tendered Displacement tenders.
  
  For further information on Negotiated Displacement please e-mail manager.powerprocurement@synergy.net.au.

• Annual Displacement Statement of Opportunities
  
  Synergy is required under the Ministerial Direction to publish an Annual Displacement Statement of Opportunities (the “ADSOO”) by 30 November of each year. Synergy must submit to the Minister a draft of the ADSOO and all material showing how its contents have been prepared or calculated, at least two months before the date on which it proposes to publish the ADSOO. The published ADSOO must incorporate all amendments required by the Minister.

Synergy will also need further wholesale supplies to meet Contestable Sales not met by the Vesting Contract.