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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 […]
When you think about ways to reduce your organization’s energy costs, two solutions typically come to mind. One is that you can work to procure a lower rate for your electricity or natural gas supply. The other is that you can put together an energy efficiency program designed to reduce the amount of energy you […]
Maryland has joined the growing list of states with strengthened renewable generation standards for the next decade after Governor Hogan allowed SB 516 to pass without his signature in May 2019. The bill requires the state to procure 50% of its energy from renewable resources, including a 14.5% solar carve-out requirement, and mandate 1,200 MW […]
Utility bills often contain several commonly overlooked items that when audited can result in additional revenue for your organization.
CenterPoint Energy On April 5th, CenterPoint Energy filed an electric delivery rate increase request with the Public Utility Commission (PUC) of Texas. The requested adjustments would address a higher equity ratio and higher cost of equity for CenterPoint Houston, the Tax Cut and Jobs Act of 2017 that has significantly reduced the company’s cash flow. […]
The U.K. natural gas markets went into winter with significant risks due to the lack of long term storage increasing the need to supplement with potentially volatile LNG imports. Electricity markets were further at risk due to increased intermittent renewable generation. Seasonal baseload electricity and NBP prices pushed up ~50% between April and September 2018 […]
Due to an amendment in the approved New York Fiscal Year 2020 Budget, electricity customers located in the Long Island Power Authority (LIPA) territory with third party electricity supply agreements will be returned to the utility by June 1, 2019.
As anyone in procurement can tell you, electricity is the most volatile commodity you will ever buy. One day, energy prices increase. The next day, they drop. This constant cycle of up-and-down price changes makes energy commodities extremely difficult to purchase. What if prices drop after you’ve locked in your rate? Or, perhaps even worse, […]
KAPOW – Back By Popular Demand!! This webinar will teach you how to master electricity and natural gas purchasing activities, defend your organization from unforeseen risk and save the day by reducing costs.
When was the last time you evaluated your energy risk management strategy to see if it was meeting your organization’s original expectations? If it was more than a year ago, you could be making a costly mistake. The good news is that you can rectify that mistake and reduce this unnecessary overhead with these simple […]
