There are certain costs that every business owner has to endure: rent or mortgage, wages, GST, income tax, water and electricity.

Depending on the business electricity costs can be in the thousands or tens of thousands each month.

New local company, Reach360, is transforming the energy market for Lismore and Northern Rivers businesses through an innovative peer-to-peer energy trading platform that's delivering substantial cost savings to local enterprises.

The company's cutting-edge approach enables businesses to access wholesale energy prices by connecting them directly with local solar energy producers, including residential households with excess solar capacity. This unique model has resulted in remarkable savings for various local businesses.

"We're not just talking about traditional solar installations – we're revolutionising how businesses access affordable energy," says Mike Haydon, Co-founder of Reach360.

"By connecting businesses directly with local energy producers, we're creating a win-win situation where both parties benefit financially while supporting sustainable energy practices."

The impact on local businesses has been significant, with customers expressing strong satisfaction.

"Great to see the benefits over the long period, really satisfying and is greatly appreciated," says Bradley Heard of Chicken Mania, one of several local businesses benefiting from the program.

Mike gave examples of recent case studies to demonstrate the significant impact of Reach360's solution: 

• A local bakery without solar installations saved $5,900 in just six months 
• A group of four chicken shops reduced their energy costs by $9,600 over six months 
• Two motels with existing solar systems saved $2,700 in a six-month period

The system particularly benefits businesses operating during daylight hours, allowing them to tap into the abundant supply of excess solar energy from residential producers. This innovative approach not only reduces costs but also keeps money within the local community instead of flowing to large energy corporations.

Reach360's transparent fee structure and wholesale energy market access provide businesses with a straightforward path to significant savings. The company manages all trading and energy procurement on behalf of its clients, while the existing Essential Energy infrastructure ensures reliable power delivery.

"What makes our solution unique is that it's not dependent on businesses having their own solar installations," Haydon explains. "We're tapping into a local energy marketplace that benefits both producers and consumers while supporting sustainable energy practices in the Northern Rivers region."

Businesses interested in reducing their energy costs can send a message to Mike Haydon or Paul Burkett on 0489 080 360.