Businesses are expanding at an unprecedented rate both nationally and internationally. With that expansion, organizations find themselves challenged by the complex task of sourcing energy and managing price risk to support their portfolio of facilities. Energy market volatility, price stability, an increasingly distributed and renewable energy landscape, integrated energy options, and diverse, constantly changing utility business models combine to challenge the resources of even the largest and most experienced companies.
Integrated energy refers to a sourcing strategy that considers options across on-and-off-site renewables options and fossil fuel sources. Considering factors like cost, risk, reliability, market conditions and sustainability goals, an organization will create a sourcing strategy with the optimal mix of energy. This can be a challenge especially for multi-site businesses due to the evolving options, utility incentives, managing facilities across regulated and deregulated markets, and of course your company’s own risk profile and long-term goals.
Strategic energy sourcing is the effective management of energy procurement opportunities, costs, risk tolerance, and contracts across a business portfolio. It requires a combination of market-specific intelligence, easy access to centrally-organized information, intelligence and analytics, as well as an in-depth understanding of a facility’s demand for energy. It’s worth noting that a strategic sourcing strategy is also strengthened when run alongside a demand-side management program.
ENGIE Insight will analyze the current state of your procurement program across both supply and demand, and compare those to your energy goals, whether they be related to cost reduction, price stability, or a renewable energy target. With this information, our team of experts will craft a holistic and integrated sourcing strategy to achieve or exceed your goals. Our energy sourcing strategies span renewable energy, onsite distributed energy resources (DERs), and fossil fuel sources to ensure you have the right power sources at the right price, all while reducing your carbon footprint, should that be your goal. Working with us, our clients maximize their opportunities in deregulated energy markets and meet stakeholder requirements.
“ENGIE Insight has helped us to achieve significant cost savings… this will make a real contribution to our bottom line and also gives us security of energy supply at very competitive rates.” – Mark Wiles, British Airways
ENGIE Insight is committed to the collection and analysis of data that allows our clients to focus on proactively driving energy procurement cost savings and risk mitigation. Our fully outsourced Integrated Energy Sourcing Strategy solutions capture detailed energy market intelligence and supplier performance data. That data serves as the foundation of insight, enabled through our powerful analysis and reporting tools, which direct actions that yield powerful results. Contact us today to learn more.
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Energy Supply Management Services