Return to Blog

Archive for the ‘Blog Article’ Category

Energy Procurement Mistakes You Didn’t Realize You Were Making (& how to avoid them): #7: Using One Firm for “All Things Energy”

As we start our next installment in this series, let’s recap the mistakes we’ve covered so far when it comes to savvy energy procurement: not procuring proactively, missing the most competitive rates, developing an inappropriate procurement strategy for your specific needs, not having a pre-determined goal of what you want to achieve, utilizing an aggregation […]

View Here

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

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 […]

View Here

Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): # 4 – Not Measuring Your Results

Like Lewis Carroll, author of Alice in Wonderland, once said, “If you don’t know where you are going, any road will get you there.” This saying holds true when it comes to managing energy costs for your organization. In the spirit of helping you identify and overcome very common potential energy procurement errors, we offer […]

View Here

Who Owns Energy? Why a Partnership Between Purchasing and Facilities Departments is Vital to Reducing Energy Costs.

who owns energy

More than 20 years have passed since the first U.S. states began to deregulate their energy markets.  This was a milestone that gave energy consumers an opportunity to reduce electricity costs by shopping for the provider with the most competitive rates, rather than simply relying on their local utility company. Currently, more than 15 states […]

View Here

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

We are now on the final piece in our series on negotiating energy supply agreements – material change language. This wraps up the five-part discussion, which also offered our insights in the other four keys: Payment terms Termination fees Adding and deleting accounts Usage bandwidth Material change language is something of a “catch-all” with regards […]

View Here

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

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 […]

View Here

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

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, […]

View Here

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

Previously in this series on negotiating energy supply agreements, we covered “Payment Terms” and “Termination Fees” – both of which are very important in structuring a contract that meets the needs of your organization. This installment will discuss the use of “Add/Delete Language.” In the final two installments, we will delve into “Usage Bandwidth” and […]

View Here