Strategic energy supply management – ensuring your company has an adequate supply of energy needed to run your business – is both a challenge and an opportunity. Buying the right energy products at the right time is a daunting challenge for multi-site businesses, thanks to a constant fluctuation of prices, offers, and availability in varying markets. Aside from cost concerns, businesses also face increasing consumer and shareholder pressure to reduce their carbon footprint.
Stakeholders from across organizations, including energy management, facilities, sustainability and finance teams, are all looking for ways to reduce consumption, cost and related emissions. As part of a holistic approach to energy management, including both supply and demand-side strategies, organizations need to reevaluate their approach to energy supply management.
Incorporating an integrated energy sourcing strategy across traditional and renewable power, including distributed energy resources, can give your business reliable power at the right cost, all while supporting your sustainability goals. But this is no easy task. Renewable energy is growing as a potential solution, but an abundance of ever-evolving options leaves many confused on what makes sense. It’s no wonder why so many organizations are unsure of where to start and what mix is right for them based on the needs of their portfolio of sites.
Energy supply management is the practice of procuring and managing the optimal amount of energy based on an organization’s energy consumption. When determining the appropriate mix of energy, whether it be on-and-off-site renewable energy options, or fossil fuel sources, energy managers consider several factors including cost, reliability, risk, market regulations, and sustainability goals. Energy supply management is just one component of a broader integrated energy management strategy that includes both supply management and demand management, like energy efficiency projects.
ENGIE Insight’s team of energy procurement experts craft and execute integrated energy sourcing strategies that are rooted in complete and accurate site consumption data and support sustainability and cost reduction targets. Our experts, leveraging the ENGIE Insight Energy & Sustainability Management Platform, provide visibility into your energy mix to understand where you have opportunities to invest in offsite or onsite renewable energy production and how those support your sustainability goals. Ultimately, our team will help you achieve a cleaner portfolio, increase the reliability of the power you use, and reduce costs.
“In a business of this scale, one mistake – or one inaction – can cost you millions. It’s prudent to have professionals with expertise as your partner to ensure you’re optimizing the management of your utility portfolio and to validate your energy procurement decisions.” -Bob Jones, Amtrak
Learn more about our Energy Supply Management solutions below and visit our Global Strategic Energy Sourcing page.
Maximize your opportunities in deregulated energy markets by working with ENGIE Insight to craft an Integrated Energy Sourcing Strategy across on-and-off-site renewable energy options and fossil fuel sources. We recommend the right mix based on factors like risk, cost, reliability, market regulations and sustainability goals.
Simplify power purchasing with ENGIE Insight’s Energy Procurement Program Management solution. Our energy procurement experts run opportunity assessments, manage RFP processes, and broker deals for renewable energy options and fossil fuel sources.
ENGIE Insight’s Rates Monitoring & Optimization solution evaluates and recommends optimum energy rate options in regulated markets, as well as energy-related tax alternatives. We conduct utility negotiations and analyze savings opportunities tied to the industry’s burgeoning demand response opportunities offered by regulated utilities and independent system operators.
With more than 20 years of successfully delivering utility bill audits to clients nationwide, ENGIE Insight’s Historic Utility Bill Audit Service recovers funds for our clients by identifying billing errors made by the utility and negotiating directly with those utilities to generate refunds and/or credits.
Renewable Energy: Understanding and Evaluating Your Options
Energy Supply Management
Learn how ENGIE Insight helped Amtrak manage its $150M energy spend.