Energy procurement is tactically sourcing your energy demands from a third-party energy supplier or local distribution company (LDC).
Having the right energy procurement strategy in place can save you money by putting you in control of your company’s energy spending instead of letting the local utility company dictate it.
The advantages of energy procurement are a minimum risk of unforeseen charges, hidden fees, and costs, more informed load forecasting, a reliable source of fuel, and control over your fuel costs and types. Specific utilities even provide discounts for customers to leave. Practically, suppliers will have the capability to consolidate all of your accounts and meters into one invoice, keeping it direct for your accounts payable team.
The Advantages of Energy Procurement:
A well-planned energy procurement strategy can add assurance and dependability to your operations by:
• Reducing the risk of unforeseen charges, hidden fees, and costs.
• Giving you more informed load forecasting as per research and monthly usage reports sent to you by your broker/consultant or supplier.
• A reliable fuel source is essential for the construction, manufacturing, transportation and healthcare industries.
• Letting you have proactive control over your fuel costs and types and financing and billing schedules.
Can Your Company Employ an Energy Procurement Service?
Energy procurement services can take advantage of almost every type of business since all companies have overhead energy costs. Utilizing a utility procurement company helps you actively manage that spending. You can also get effortless access to green energy, which, as mentioned above, is quickly turning the norm. Some of the types of businesses that can utilize an energy management service incorporate:
• Nonprofits
• Industrial and commercial organizations
• Governments
• Schools
