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Over the past year, the news has been full of stories about the rapidly declining prices of oil and natural gas. This trend has been a boon for consumers, who are happy to be filling gas tanks and paying utility bills without breaking their budgets. But there’s a flip side to this low price environment: […]
In our previous installment, we started a five-part series with advice for the energy buyer when engaging an energy advisory firm to assist with the procurement and management of energy supply. We highlighted the five key factors to consider: Experience Full-Service Solutions Wholesale Market Expertise Strategic Approach Independent Status We initially discussed how important “experience” […]
In this webinar, we discuss the mistakes most energy procurement professionals make, why they happen, and how to fix them.
In the world of finance and procurement, some of the preferred buzzwords include “conservative,” “stable,” and “predictable.” Because of the need to keep operational costs as low as possible, energy procurement presents a unique set of challenges to businesses that use a lot of energy. To begin with, energy commodities are volatile – and electricity […]
Your organization’s electricity contract is set to expire, and you have to make a decision soon. You’ve been told that you’ll get the best deal if you join a regional energy aggregation that already has a membership made up of around 20 organizations like yours. You’ve also been assured that the size and membership of […]
“Outsourcing” as we know it today traces its modern roots back to the business climate of the 1970s and 80s. It was around this time that many organizations turned to outsourcing as a way to remain competitive in a global economy. During this time, the mindset was that in order to compete, organizations must focus […]
While the cost of natural gas and other generation fuels have decreased in the past few years, the overall retail price of electricity has remained relatively flat. This is due to the rising costs associated with owning, operating, and maintaining electricity generation plants, along with the increasing cost of transmission projects, which has led to […]
Utilities in Ohio are working on legislation that would cut back on electricity deregulation in the state in order to help fund power plants that are struggling to stay open with the low-price environment for electricity. The utilities are looking for subsidies similar to ones in other states, but opponents say that the subsidies would […]
Office buildings with data centers use substantially more electricity than other offices, which makes it extremely critical for property managers to access primary wholesale market intelligence when evaluating energy risk management strategies for procurement. Source: U.S. Energy Information Administration, Commercial Buildings Energy Consumption Survey (CBECS) Data from the most recent Commercial Buildings Energy Consumption Survey […]
Large electricity users are lobbying Wisconsin state regulators to allow for 3rd party electricity competition for the state. Wisconsin currently has the highest electricity rates of any Midwestern state, and is above the US average for all electricity users. Wisconsin regulators began considering electric competition in 1994 but closed the docket in 2000, deciding not […]
