About 48 Bank Street in Wollongong

48 Bank Street in Wollongong, NSW is a 38 lot residential building operating under an embedded network supplying electricity and hot water. Integrity Strata, the appointed owners corporation manager, confirmed support for this case study. The owners corporation wanted a clearer and more cost effective energy arrangement that reduced common property costs and delivered measurable savings for residents. The goal was to improve transparency while securing long term financial value.

How Strata Energy Services helped

Strata Energy Services reviewed the existing embedded network to assess pricing structures, contract terms, and operational arrangements. We ran a competitive tender process to evaluate retailer capability, pricing outcomes, and investment commitments. Through this process, we negotiated a managed embedded network agreement that included capital investment and ongoing bill credits. The retailer assumed financial and compliance responsibilities, reducing risk for the owners corporation and improving oversight. The agreement also delivered lower energy costs for residents and reduced common property expenses, creating a stable and transparent energy framework.

Outcome

  • Investing in infrastructure value of $5,500^
  • Annual bill credit of $5,000^
  • Common property savings $3,767^ pa
  • Resident savings of $326^ pa across electricity and hot water

^Savings are estimated based on bills provided for analysis and could change subject to usage. Capital investment is based on the retailer’s assessment of the infrastructure value and actual investment in the site. Residential and owners contributions are as per the contract. Actual results may vary.