10 Most Common Energy Procurement Mistakes & How To Avoid Them
- Wednesday, August 14, 2019
- Scott Merrell
In this webinar, we discuss the mistakes most energy procurement professionals make, why they happen, and how to fix them.
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Archive for the ‘Market Research’ Category
Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): #3 – Lack of a Proper Procurement Strategy
- Monday, February 4, 2019
- 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.
The Definitive Guide to Hiring An Energy Advisor, Part 3: Wholesale Market Intelligence
- Wednesday, May 3, 2017
- Bob Wooten
For those of you playing along at home, we are now on the third installment in our five-part series on the key aspects involved in hiring an energy advisor. The genesis of this series has been in response to the trend we see in the industry toward more and more organizations (both public and private) […]
The Definitive Guide to Hiring an Energy Advisor, Part 2: Covering Energy Supply Needs from Soup to Nuts
- Wednesday, February 22, 2017
- Bob Wooten
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” […]
What Determines the Price You Pay for Power? (Knowing the answer can reduce your costs)
- Wednesday, August 17, 2016
- Bob Wooten
For the free market to work its magic in establishing prices through the force of supply and demand, you have to have several key ingredients – one of which is an informed buyer. As a buyer of energy, this means that to have the best chance of success in achieving the best pricing, you must […]
How to Map out an Energy Risk Management Strategy that Makes the Most Sense for Your Organization
- Tuesday, June 7, 2016
- Bob Wooten
Admit it: Sometimes we all need a map. In this case, we’re not talking about Rand McNally but rather an aid in navigating the unpredictable energy market. If your energy procurement goals include budget stability, recent market trends can be downright terrifying. But take heart! There really are steps you can take to steer your […]
10-Year Energy Agreements Are Growing In Popularity Among Large Energy Users. Are They Here To Stay?
- Friday, July 17, 2015
- Bob Wooten
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 […]
Tradition Energy Price Forecast 2015 – MidYear Update SAVE THE DATE!
- Wednesday, July 1, 2015
- Scott Merrell
This year, the energy markets have presented savvy energy buyers with numerous opportunities to lock-in low rates not seen in several years. Will the low-price environment continue? Or, will prices change course as we push through the second half of the year? SAVE THE DATE! to join Tradition Energy on Thursday, July 30, for an informative discussion outlining […]
Five Costly Energy Buying Mistakes – and How to Avoid Them
- Monday, October 13, 2014
- Bob Wooten
Energy decision-makers wear a lot of hats – and their job descriptions are all over the map: Some are purchasing agents, property managers, and CFOs. Others are mayors, operations directors or presidents. The point is, it’s rare to find a person who specializes in “energy procurement” alone. For most of these people, “electricity procurement” or […]
Are You Outsourcing Energy Procurement? 3 Signs That It Might Be Time
- Saturday, September 27, 2014
- Bob Wooten
“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 […]
