For organizations that want to better control and predict energy costs, an energy management solution can be an attractive solution. Instead of relying on the latest Wall Street Journal story about energy costs or the latest theories from an energy broker or energy consultant, a retail energy management solution gives you data and analytics to manage your business’ goals.

What does a retail energy management solution do?

 A retail energy management system helps your organization manage your energy needs and costs in a smarter, more informed way. You can use a solution to help you to plan and buy when market opportunities become available. It can also help you identify errors and anomalies that can cost you money.

 

What are the core features of a solution?

 

Retail energy management solutions have some features in common with each other. These include tracking how you’re doing with energy usage and cost, insights into additional strategies to minimize cost and usage, and ongoing data and analytics that update every time there’s a change in energy data or markets.

 

These solutions can be very powerful in helping you manage your overall energy needs, especially now. Changes in energy data and markets have been frequent lately due to price volatility, the global nature of energy markets, inflation and other factors. A solution that helps you interpret markets and usage at this point in time can be a very powerful tool in your corporate toolbelt.

 

How can I save the most in energy usage and costs with a retail energy management solution?

 

There are three ways for maximum savings in energy usage and costs. First, energy customers are always in a position to purchase power and gas. You can use that fact to plan ahead when market opportunities become available. To do that, you need the software and expertise that a retail energy management solution provides.

 

Second, you can find issues and errors in your energy consumption and cost and fix them before they cost you substantial money. Third, you can eliminate reliance on third parties like energy brokers or energy consultants. These types of professionals can add value but can also increase cost and decrease transparency because you don’t have direct access to forecasts, pricing and trends.

 

What is an example of a solution with features that result in substantial energy savings?

 

The Megawatt Hour was started by two highly experienced energy professionals who set out to provide a higher level of decision support and transparency into energy markets to deliver substantial savings to corporate customers.

 

Customers of the Megawatt Hour boast savings of 15-40%.