Energy Risk Management

Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): #6 – Using a Decentralized Approach

Posted By: Bob Wooten

We are now halfway through our series on energy procurement mistakes. The first five articles discussed the mistakes of not procuring proactively, missing the most competitive rates, developing an inappropriate energy risk management strategy for your specific needs, not having a pre-determined goal of what you want to achieve, and utilizing an aggregation for purchasing […]

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Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): # 5 – Using Energy Aggregations

Posted By: Bob Wooten

Everybody makes mistakes. The key, as they say, is to learn from our mistakes. In this spirit, we are presenting this series of articles to help you identify some of the errors you might be making so you can break the cycle. The first four articles discussed the mistakes of not procuring proactively, missing the […]

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The Procurement Professional’s Guide to Negotiating Energy Supply Agreements Part 5: Material Changes

Posted By: Bob Wooten

Many times material change language is broad enough that it touches upon several aspects of the supply agreement. If there is a change in the operations of the company, such as increases in production lines or shutting down of a facility, this can be interpreted as a material change by the energy supplier.

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Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): #3 – Lack of a Proper Procurement Strategy

Posted By: Bob Wooten

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.

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The Procurement Professional’s Guide to Negotiating Energy Supply Agreements Part 4: Usage Bandwidth

Posted By: Bob Wooten

The concept of “usage bandwidth” has to do with the certainty of how much energy you will use (electricity or natural gas) in any given month.

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Energy Procurement Mistakes You Didn’t Realize You Were Making (& how to avoid them): #2 Missing the Most Competitive Rates

Posted By: Bob Wooten

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, […]

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The Procurement Professional’s Guide to Negotiating Energy Supply Agreements Part 3: Adding & Deleting Accounts

Posted By: Bob Wooten

Add/delete language is of primary interest to organizations with a significant number of energy accounts.

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The Procurement Professional’s Guide to Negotiating Energy Supply Agreements Part 2: Termination Fees

Posted By: Bob Wooten

Termination fees assessed by an energy supplier don’t just apply to the overall contract, but typically apply on an account-by-account basis.

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Energy Procurement Mistakes You Didn’t Realize You Were Making (& how to avoid them): Mistake No. 1: Not Procuring Proactively

Posted By: Bob Wooten

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.

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The Definitive Guide to Hiring An Energy Advisor, Part 5: Independence is Key

Posted By: Bob Wooten

This article concludes our “Definitive Guide to Hiring an Energy Advisor” designed to assist you, the purchaser, in finding, evaluating, and engaging an energy advisor. Over the past four editions, we have shared our insights into the important elements to consider if your organization is shopping around for advice. If you missed any of the […]

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Archive for the ‘Energy Risk Management’ Category

Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): #6 – Using a Decentralized Approach

Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): # 5 – Using Energy Aggregations

The Procurement Professional’s Guide to Negotiating Energy Supply Agreements Part 5: Material Changes

Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): #3 – Lack of a Proper Procurement Strategy

The Procurement Professional’s Guide to Negotiating Energy Supply Agreements Part 4: Usage Bandwidth

Energy Procurement Mistakes You Didn’t Realize You Were Making (& how to avoid them): #2 Missing the Most Competitive Rates

The Procurement Professional’s Guide to Negotiating Energy Supply Agreements Part 3: Adding & Deleting Accounts

The Procurement Professional’s Guide to Negotiating Energy Supply Agreements Part 2: Termination Fees

Energy Procurement Mistakes You Didn’t Realize You Were Making (& how to avoid them): Mistake No. 1: Not Procuring Proactively

The Definitive Guide to Hiring An Energy Advisor, Part 5: Independence is Key

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