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Savvy energy procurement specialists often look for other options to augment their energy purchasing arrangements. One such option is the cooperative purchasing contract. But before launching a full-scale plan that revolves around a cooperative, you need to ask, “Can I use a cooperative purchasing contract to procure energy, such as electricity and natural gas?” At […]
In this webinar, we discuss the mistakes most energy procurement professionals make, why they happen, and how to fix them.
Currently, more than 15 states have deregulated their electricity markets. Natural gas is deregulated in nearly all states. And while deregulation has created opportunities for savings and reduced electricity costs, it has also created conflicts between those who procure energy and those who manage it.
Energy procurement requires a significantly different process than the procurement of most other goods and services. If you’ve been your organization’s procurement officer for any length of time, this is likely not the first time you’ve heard that. This series on the “Top Energy Procurement Mistakes” seeks to explain why this process is such a different beast.
Energy Procurement Mistake No. 2: Missing the Most Competitive Rates We’ve all experienced it: that moment we realize we paid more than we should have. We thought we did our research and negotiated well, but it turned out that someone else got a better deal. If you’ve been getting bids on electricity supply for years, […]
Termination fees assessed by an energy supplier don’t just apply to the overall contract, but typically apply on an account-by-account basis.
Through an ongoing series, we will explore the five key clauses that must be mastered in order to negotiate successful energy supply agreements.
It is a common practice when procuring goods and services for an organization to be reactive. This means that you are either responding to a request from an end-user department for a particular product or service – or that you are planning the procurement process based on the expiration of the current contract.
It has been more than 15 years since the energy markets in the US have deregulated. At this point, electricity supply is deregulated in about a fourth of the states, and natural gas is deregulated in many more. Deregulation itself takes a number of forms, but the process is designed to give you, the buyer, […]