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Archive for the ‘Energy Consulting’ 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 […]

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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 […]

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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 […]

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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

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 […]

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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 […]

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

There is nothing worse than unmet expectations. When procuring energy supply, the expectation is always that you will get the best price. The frustration starts when you think you’ve procured the best price, but because of poorly negotiated contract terms, you end up paying much more. In our initial installment to this series, we investigated […]

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The Procurement Professional’s Guide to Negotiating Energy Supply Agreements, Part 1: The 5 Key Clauses That Must Be Mastered

Part One When procuring goods and services, you understand how important it is to thoroughly investigate all your options. Your budget – and the financial well-being of your organization – depends a lot on the decisions you make. But when it comes to the procurement of energy, the process of evaluating and selecting your supplier […]

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