If you read 1 article about C-suite energy analytics, make it this one The energy industry is undergoing dizzying changes. New technology, market complexity, shifts in the regulatory landscape, changes in cost-structures, demanding customers weigh on the C-suite. Executives must focus on profitability, customer service, and cost management. Pressures on the C-suite are substantial: find innovative ways to […]
Last week we ran an online introduction to energy budgeting called Energy Budget Planning: 3 Insights Every Manager Should Have. During the 30 minute course, we discussed the key challenges that all managers face when planning their energy budgets. Issues like: time constraints, lack of access to data, management expectations. In addition, we described the importance […]
Your energy budget: Forecasting and planning best practices What is the best way to plan your energy budget? When we’re asked that question, we are reminded of the quote attributed to Abraham Lincoln: “Give me six hours to chop down a tree and I will spend the first four sharpening the axe.” ― Abraham Lincoln Most customers […]
The Cost-Benefit of Energy Information Building owners and energy managers often ask us about the cost-benefit of energy information and quality energy analytics. We have our own client experience from which to draw. Also, we have summarized information from the U.S. Department of Energy (DOE). In addition, we have reviewed information from a study conducted by global […]
Access to your own energy cost model makes a huge difference to businesses today. With this information, you can more accurately plan and manage your budgets and costs. Without it, you’re flying blind. You need access to a forecast of supply and delivery costs to plan and manage your business. Don’t settle for less. In this post, we […]
Volatility has returned to energy markets for the first time in 3 or 4 years. We are only 12 days into the New Year, but it has already been a bumpy ride for energy markets. The cold weather that has periodically hit the country since the end of December sent power and gas markets into […]
That’s the tag line that my 8 year old gave to our new on-line information service, The MWh University. It’s catchy and it is the goal of our series of courses. Short, sweet, and straight forward just the way it should be. Who? The MWh University is designed for energy managers and financial decision makers […]
This post is another in our series intended to shed light on the differences between suppliers and the impact those differences may have on you, the commercial, institutional or industrial customer. Prior posts in the series include: Energy cost management: Supplier differences-product offerings, Energy cost management: Supplier differences – contract terms, Top 10 energy cost management questions: […]
Energy prices determine as much as 40-60% of the price you pay for electricity. No matter whether your business strategy is to fix all of your costs or maintain some exposure to index prices (day-ahead, usually), knowing historical and forecasted pricing should be important to you. The only way to forecast index pricing is to […]
As we just posted last week in an article titled Fact or Fiction: There is no difference between suppliers, there can be significant differences between suppliers that will result in meaningful price differences when you get quotes from various suppliers. There can be a whole range of reasons for those differences, like: Supplier risk appetite […]
