Prenova - Clean Energy Management

Solution: Prenova’s Price Risk Management suite provides a complete solution for setting strategies and managing risks associated with energy price volatility. The first step is a collaborative effort led by our experts to establish the risk profile of our customers. Next, we analyze the energy-related business requirements of our customers to better understand the drivers of energy consumption and demand. Our experts then match energy pricing and savings opportunities with a customer’s profile for risk and predictability. Each individual energy market is then analyzed to produce a complete view of future projections of energy prices, and a customized Market Strike Price Plan is developed. This plan provides outlooks on the timing of events, and recommendations for when and at what price a customer should contract for their energy needs. Further analysis and recommendations are produced for physical and financial strategies for managing projected price risk.

Prenova’s team of market experts continuously assess markets and customers’ portfolios for energy prices that best fit their organization’s requirements. Global and local market trends are analyzed and the potential market impact is gauged. The implications of identified trends and the possible impact on each customer’s portfolio lead to an ongoing refinement of purchasing strategies. We strive to deliver our customers the lowest energy price in deregulated and regulated electricity and gas markets across their entire portfolio of facilities.

As regulated markets increasingly mirror activities in energy wholesale markets, we use our knowledge to coordinate and manage negotiations with utilities on rates. We work with almost all 3,600 utilities across North America. We manage risks and opportunities with a variety of targeted solutions:

Supply Management (Deregulated)
Rate and Tariff Optimization (Regulated)
Risk Management

Outcome: The combination of Prenova’s tools, processes, technology and industry knowledge delivers significant value, all measured against a customer’s Price Risk objectives – whether the measure of success is to meet the budget, beat the budget, or beat the market. Customers normally achieve a 2% to 4% savings advantage in price/rate over market indexes or other comparative price measures as a result.