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Archive for the ‘Energy Risk Management’ 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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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 […]

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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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Market Monitor – PG&E files Notice of Intention to declare Bankruptcy

January 14, 2019: Pacific Gas and Electric, California’s largest investor-owned utility, filed an official 15-day notice that it intends to file petitions to reorganize under Chapter 11 of the U.S. Bankruptcy Code on or about January 29th. A bankruptcy filing by PG&E will have a limited impact on our customers as the utility will likely […]

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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, […]

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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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