Commercial decisions in power and carbon markets

We support sustainability and energy leaders to balance climate objectives with cost, risk and exposure across power and carbon markets

  • Power and carbon procurement, including PPAs, offtake agreements and portfolio design
  • Commercial strategy, pricing and transactions to support decarbonisation
  • Governance and stakeholder alignment to support confident internal and board decisions
Why CORE Markets

Market judgement based on real-world execution

CORE Markets works across power and carbon markets, bringing a whole-of-market perspective to organisations exposed to real pricing, policy and execution risk.

With more than 20 years’ experience across Australian and international energy and carbon markets, our perspective is shaped by live transactions, market cycles and long-standing counterparty relationships - not abstract frameworks.

This cross-market view supports sound commercial decision-making on complex issues.

How we help

From strategy to execution and ongoing review

Corporate and industrial decarbonisation strategy

Clarify decarbonisation priorities, commercial constraints and risk appetite before committing to procurement and contracting decisions.

This includes:

  • Defining Scope 2 and broader decarbonisation objectives within operational, cost and timing constraints
  • Assessing physical emissions reduction options alongside power and carbon procurement
  • Clarifying trade-offs between abatement, renewable energy procurement and carbon offtake
  • Establishing decision frameworks for sequencing, contracting and market engagement

Power and carbon procurement

Structure and execute power and carbon procurement in line with strategy, risk appetite and commercial objectives.

This includes:

  • Designing and managing procurement processes for renewable energy and carbon supply
  • Corporate and wholesale PPAs, including structured and multi-party arrangements
  • Carbon offtake and long-term supply agreements
  • Evaluating pricing, contract terms and non-price variables across bids
  • Supporting negotiation, contracting and transaction execution

Board and stakeholder alignment

Translate power and carbon market decisions into clear commercial positions that can be carried through executive, board and stakeholder processes.

This includes:

  • Modelling cost, risk and exposure across power and carbon positions over time
  • Benchmarking procurement outcomes against wholesale and carbon market forecasts
  • Supporting executive and board decision-making on procurement, contracting and risk trade-offs
  • Preparing decision materials and analysis for internal and external stakeholders

Market insights and ongoing review

Maintain visibility over power and carbon market positions as pricing, regulation and market conditions change.

This includes:

  • Ongoing power, PPA and wholesale market analysis
  • ACCU market forecasting and scenario analysis
  • Monitoring procurement positions against market movements and benchmarks
  • Bespoke analysis to support re-contracting and strategy review
Case STudies

Real customer experiences

Renewable PPA (sell side)

Victorian Wind Asset

2022

Outcomes

  • Engaged the market to secure offers, which varied in the percentage of output sought, contract term and price offered, and counterparty credit worthiness.
  • Analysed and shortlisted offers based on the client’s revenue and risk preferences.
  • Sought best and final offers and aided the client in negotiating a contract that allowed the asset to be developed.
Partial Offtake Contract (Sell Side)

Victorian Solar Asset

2023-2024

Outcomes

  • Conducted negotiations to ensure offers were competitive while maintaining lender requirements around tenor, price, escalation and counterparty credit worthiness.
  • Secured the best value, minimum volume contract to achieve project bankability while retaining future merchant and contract prospects.
Synthetic Tolling Contract (Sell Side)

NSW Battery Asset

2023-2024

Outcomes

  • Sourced and presented a variety of offers to meet the client’s technical and commercial parameters.
  • Implemented a synthetic toll contract, locking in a portion of wholesale arbitrage revenue, while retaining access to ancillary service markets and the ability to defend existing commercial arrangements in relation to the collocated SF.
Battery Model & Feasibility Study

Global Energy Investor

2022

Outcomes

  • Developed a model for the operation of a BESS asset to forecast revenue outcomes over a 20-year period. 
  • Provided an overview of contracting structures for co-located BESS and solar and standalone BESS assets in the NEM, including contracting for energy, FCAS and LGCs to inform the client’s strategy for investing in BESS assets in Australia.
BESS offtake (sell side)

Battery storage project developer

2025

Outcomes

  • Developed a go-to-market engagement strategy seeking offtake on a solar-BESS Hybrid project.
  • Managed the complete go-to-market process, securing a long-term BESS offtake agreement with Australia’s second-largest retailer, for a South Australian project.
Equity sale and purchase agreement (sell side)

Renewable energy project developer

2025

Outcomes

  • Supported negotiations for the sale of 100% of the client’s equity interest in two hybrid renewable energy projects to a multinational infrastructure business.
  • Delivered financial modelling to determine enterprise and equity valuations for both projects.
  • Providing commercial and financial advice to support transaction completion, targeted for end-March 2026.
CIS tender support

Renewable project developer

2025

Outcomes

  • Delivered end-to-end support for bid preparation and submission into CIS Tender 4 for a wind project in New South Wales.
  • The project was awarded a Capacity Investment Scheme Agreement, supporting progression toward Financial Close.

“CORE Markets helped us understand market dynamics, align cross-functional stakeholders and structure a commercially competitive arrangement that also helps reach our sustainability objectives.

They went over and beyond the original scope of the project to ensure we had board sign-off. And they were very flexible in their approach, aligning to our business processes, not just their internal frameworks.”

Large Network Retailer
2024