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Archive for the ‘Risk Management’ Category

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 […]

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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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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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The Definitive Guide to Hiring An Energy Advisor, Part 5: Independence is Key

This article concludes our “Definitive Guide to Hiring an Energy Advisor” designed to assist you, the purchaser, in finding, evaluating, and engaging an energy advisor. Over the past four editions, we have shared our insights into the important elements to consider if your organization is shopping around for advice. If you missed any of the […]

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