--- title: How modern billing tech can help energy sellers with the energy crisis description: Modern, flexible billing software can support & scale product development, automate processes, & improve operational efficiency to optimise revenue. image: https://www.fluxfederation.com/hubfs/Flux%202.0/Blog/20240410-billing-software-for-australia.jpg --- [![flux](https://www.fluxfederation.com/hubfs/flux_2023/images/logos/flux.svg) ![flux\_dark](https://www.fluxfederation.com/hubfs/flux_2023/images/logos/flux_dark.svg)](https://www.fluxfederation.com) Platform ##### [![20230822 Flux Nav - Billing -1](https://www.fluxfederation.com/hubfs/General%20Images/20230822%20Flux%20Nav%20-%20Billing%20-1.svg) Billing Configurable, flexible energy billing for today, and tomorrow.](https://www.fluxfederation.com/products-billing) ##### [![20230822 Flux Nav - Billing use cases-1](https://www.fluxfederation.com/hubfs/General%20Images/20230822%20Flux%20Nav%20-%20Billing%20use%20cases-1.svg) Billing use cases Solar and battery, electric vehicles, time of use, PPA, VPP and more.](https://www.fluxfederation.com/billing-use-cases) ##### [![20230822 Flux Nav - Market Operations -1](https://www.fluxfederation.com/hubfs/General%20Images/20230822%20Flux%20Nav%20-%20Market%20Operations%20-1.svg) Market Operations Complete the picture for end-to-end energy retail solution.](https://www.fluxfederation.com/market-operations) ![20230822 Flux Nav - Market Operations use cases-1](https://www.fluxfederation.com/hubfs/General%20Images/20230822%20Flux%20Nav%20-%20Market%20Operations%20use%20cases-1.svg) ##### Market Operations use cases Customer communications, single customer view and more. ##### [![20240314-Flux-Preparing-for-success-Nav-Crop](https://www.fluxfederation.com/hs-fs/hubfs/General%20Images/20240314-Flux-Preparing-for-success-Nav-Crop.jpg?width=1386&name=20240314-Flux-Preparing-for-success-Nav-Crop.jpg) Featured resource Preparing for Success: Four key billing transformation learnings. A must-read for energy companies on the precipice of change. Download now](https://www.fluxfederation.com/preparing-for-success) Insights ##### [![20210608 Flux Icon HOME AUTOMATION CONNECTION BULB\_1 WHITE](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Icons/20210608%20Flux%20Icon%20HOME%20AUTOMATION%20CONNECTION%20BULB_1%20WHITE.png?width=1386&name=20210608%20Flux%20Icon%20HOME%20AUTOMATION%20CONNECTION%20BULB_1%20WHITE.png) Insights The latest updates on everything energy. From growing business value to digital transformation and industry insights. 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Download now](https://www.fluxfederation.com/preparing-for-success) [Why Flux?](https://www.fluxfederation.com/flux-offering) Company ##### [About Find out more about the people behind our leading edge platform, our Executive team and Board of Directors. About](https://www.fluxfederation.com/about) ##### [Careers Find out what it's like to work for a remote-first company designing and building innovative retail software for leaders of the energy transition. Careers](https://www.fluxfederation.com/careers) ##### [![20240212-the-benefits-of-modern-tech-1](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240212-the-benefits-of-modern-tech-1.jpg?width=1386&name=20240212-the-benefits-of-modern-tech-1.jpg) Featured post The time is now: Why the energy sector must adopt modern billing tech Read more](https://www.fluxfederation.com/blog/the-time-is-now-why-the-energy-sector-must-adopt-modern-billing-tech) Talk to an expert Talk to an expert # How modern billing tech can help energy sellers with the energy crisis [Flux Federation](https://www.fluxfederation.com/blog/author/flux-federation)  |  15 April 2024 ![20240410-billing-software-for-australia](https://www.fluxfederation.com/hubfs/Flux%202.0/Blog/20240410-billing-software-for-australia.jpg) ![blue gradient waves](https://www.fluxfederation.com/hs-fs/hubfs/flux_2023/images/bgs/blog-bg.png?width=1386&name=blog-bg.png) Aussie energy retailers have a lot to contend with. Of course, there’s the business challenges of balancing cost and profit, remaining relevant, operational efficiency, and so on. But there’s recently also been a perfect storm in Australia that’s placed significant pressure on the already stressed electricity retailing industry. It’s been labelled an energy crisis. Let’s break it down … ##### New market players Between early 2020 and April 2022 there was an influx of new energy retailers entering the Australian market - one per month on average. This created significant competition and a flurry of customer movement between retailers. The need to innovate and create compelling, customer centric propositions and experiences became even more critical. Then: ##### Surging wholesale energy costs Wholesale energy costs in Australia averaged $87 per megawatt hour in the first three months of 2022, up 67% from the last quarter of 2021, and up 141% from the same period the year before. This was the highest the wholesale price had risen since the first half of 2019. There’s multiple reasons for this: 1. The war in the Ukraine impacting supply and causing price surges. Many countries have been sourcing coal from other nations, such as Australia. Because of this, the demand for Australian coal has gone through the roof as local energy generators must compete with overseas buyers for coal. 2. A number of Australian generators have failed or had outages, creating a shortfall in supply. 3. Increased demand, such as the weather and soaring temperatures driving up demand for energy. Then: ##### Cost to serve became a significant issue Most retailers are locked into price contracts to some degree with customers. Many of the newer retailers weren’t adequately hedged for wholesale pricing fluctuations, or even weren’t hedged at all, leaving them exposed when prices soared. This placed enormous pressure on removing operating costs, which for some energy retailers was still not enough to stay in business. Doors started closing and when this happened, it created a ROLA (retailer of last resort) event where customers were automatically transferred to the larger retailers, who were left to pick up the pieces. Unsurprisingly, just three new authorities have been granted since June 2022. And on top of all these challenges: ##### Net zero and decarbonisation goals, and compliance ramp up The development of new energy solutions like virtual power plants, power purchase agreements, solar and battery, and EV are all at the top of energy agendas around the world. And accompanying innovation comes new and more robust compliance obligations. But as we have talked about extensively, energy retailers are often hamstrung by outdated energy billing software, which is unable to support the new clean energy products and makes compliance difficult. #### How billing software can support energy retailers faced with these challenges Now, given we provide modern energy billing software we’d love to sit here and tell you that our software is the answer to all your problems. Of course, it can’t solve them all. However, it can help energy retailers run a tighter ship by enabling greater optimisation of operations, automation, accuracy, speed, and agility, which helps to reduce workload on employees and resolve resource and revenue leakage. In the current landscape (and indeed any landscape), this is not a small deal. Here’s a summary of modern energy billing software and how it adds value in the current climate: - **Speed to market via unconstrained product development** Where legacy billing platforms are typically constrained to specific product constructs, modern billing software offers unparalleled flexibility. It enables data to be harnessed in unlimited ways, providing a platform to bill any unit of energy, from any source, at any time. Very different to the way energy has traditionally been billed, and very relevant to the new energy economy. - **Operational efficiency and accuracy with process automation** Of course, one of the largest operational costs is human resources. Modern billing software can reduce employee workloads through automation of processes and workflows. Automation enables a shift to ‘management by exception’, which speeds up customer processes, increases accuracy, and reduces risk of revenue leakage. It also supports much faster pricing changes to cater for wholesale fluctuations, enabling energy sellers to pivot and adapt quickly as needed, or desired. - **Space and flexibility to innovate** With as many billing processes automated as possible, this frees up inhouse teams to concentrate on new revenue opportunities and decarbonisation solutions. And, with configurability at the heart of modern billing software, constraints with billing new propositions will become a thing of the past, creating an expedited innovation pipeline. #### Optimise, reduce risk, increase productivity and profitability Whether the benefits of modern billing software provide a direct or indirect solution to the Australian energy crisis, one things for certain - running a tighter ship that has optimised, automated and accurate processes and workflows, reduced stress on human resources, and revenue protection is certainly going to help create a business that is prepared for whatever is coming down the energy pipeline of the future.  If you’re thinking it’s time to make the switch to a modern billing platform, perhaps it’s time to [speak to our team](https://www.fluxfederation.com/contact) of energy experts about how Flux can add value. ### Continue learning how we can help you ##### [![20240516-streamline-debt-manangement](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240516-streamline-debt-manangement.jpg?width=1386&name=20240516-streamline-debt-manangement.jpg) Growing business value Streamline debt management and drive profitability Read the story](https://www.fluxfederation.com/blog/streamline-debt-management-and-drive-profitability) ##### [![20240319-4-challenes-for-seller-1](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20240319-4-challenes-for-seller-1.jpg?width=1386&name=20240319-4-challenes-for-seller-1.jpg) Growing business value 4 big challenges for energy sellers, according to the tech experts Read the story](https://www.fluxfederation.com/blog/4-big-challenges-for-energy-sellers-according-to-the-tech-experts) ##### [![20220211-VPP-blue-noise](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20220211-VPP-blue-noise.jpg?width=1386&name=20220211-VPP-blue-noise.jpg) Growing business value Turning virtual into reality: Operationalising Virtual Power Plants Read the story](https://www.fluxfederation.com/blog/turning-virtual-into-reality-virtual-power-plants-for-energy-business) ##### [![20221208-Cost-out-value-in](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20221208-Cost-out-value-in.jpg?width=1386&name=20221208-Cost-out-value-in.jpg) Digital transformation Can you have it all? 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Read the story](https://www.fluxfederation.com/blog/is-the-energy-sector-ready-for-the-3-d-s) ##### [![20230822-Customisation-over-configuration-noise](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20230822-Customisation-over-configuration-noise.jpg?width=1386&name=20230822-Customisation-over-configuration-noise.jpg) Growing business value Configurability vs customisation: 4 tips for your next tech purchase Read the story](https://www.fluxfederation.com/blog/configurability-vs-customisation-4-things-to-consider-for-your-next-tech-purchase) ##### [![20230724-Compliance-v1](https://www.fluxfederation.com/hs-fs/hubfs/Flux%202.0/Blog/20230724-Compliance-v1.jpg?width=1386&name=20230724-Compliance-v1.jpg) Growing business value How simple does your energy billing software make compliance? Read the story](https://www.fluxfederation.com/blog/how-simple-does-your-energy-billing-software-make-compliance) ![purple gradient waves](https://www.fluxfederation.com/hs-fs/hubfs/flux_2023/images/bgs/form-bg.png?width=1386&name=form-bg.png) ## Be the first to know! 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