Energy Supply Management

Prenova’s Energy Supply Management service helps customers reduce energy spend by securing lower utility prices in deregulated markets and identifying the most appropriate rates and tariffs in regulated markets. Prenova’s team of experts continuously monitors global events and market trends to assess the short and long-term impact changing conditions will have on energy supply. They also track changes in state and federal regulations that may affect rates.

Our experience and understanding of the energy industry help us develop a unique sourcing strategy for each customer – a strategy that takes into account different levels of risk tolerance. In deregulated markets, this may mean choosing whether to buy on index or secure long-term contracts. When setting up contracts, Prenova works on behalf of the client to get the best price, through a reverse auction, formal RFP process, or hybrid approach. In regulated markets, our analysts review available rate and tariff structures to determine the most appropriate option for each site in the customer’s portfolio.

• Reduce energy costs by securing better pricing in deregulated markets
• Identify the most appropriate rate/tariff for sites in regulated markets
• Receive unbiased sourcing recommendations from a neutral third party
• Align energy sourcing decisions with risk management strategy
• Gain visibility into energy pricing trends at the global, national, and local level

Features

• Analysis of historical consumption
• Review of current rates & tariffs
• Review of current contracts
• Corporate risk profile
• RFP development & coordination
• Vendor negotiation
• Detailed recommendations
• Online reporting

Prenova’s Energy Procurement solutions also include annual budget planning & forecasting.