10 Most Common Energy Procurement Mistakes & How To Avoid Them
- Wednesday, August 14, 2019
- Scott Merrell
In this webinar, we discuss the mistakes most energy procurement professionals make, why they happen, and how to fix them.
US: +1 (877) 51 POWER 
Europe: +44 (0) 207 198 1634
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Archive for the ‘Wholesale Energy Markets’ Category
Who Owns Energy? Why a Partnership Between Purchasing and Facilities Departments is Vital to Reducing Energy Costs.
- Friday, March 1, 2019
- Bob Wooten
Currently, more than 15 states have deregulated their electricity markets. Natural gas is deregulated in nearly all states. And while deregulation has created opportunities for savings and reduced electricity costs, it has also created conflicts between those who procure energy and those who manage it.
Energy Procurement Mistakes You Didn’t Realize You Were Making (and How to Avoid Them): #3 – Lack of a Proper Procurement Strategy
- Monday, February 4, 2019
- Bob Wooten
Energy procurement requires a significantly different process than the procurement of most other goods and services. If you’ve been your organization’s procurement officer for any length of time, this is likely not the first time you’ve heard that. This series on the “Top Energy Procurement Mistakes” seeks to explain why this process is such a different beast.
What Determines the Price You Pay for Power? (Knowing the answer can reduce your costs)
- Wednesday, August 17, 2016
- Bob Wooten
For the free market to work its magic in establishing prices through the force of supply and demand, you have to have several key ingredients – one of which is an informed buyer. As a buyer of energy, this means that to have the best chance of success in achieving the best pricing, you must […]
Energy efficiency cut New England prices by 24% in winter 2014
- Monday, April 20, 2015
- Scott Merrell
Energy efficiency savings lowered New England’s wholesale electricity prices by 24% in the winter of 2014, according to a report released Thursday by the Acadia Center, an energy advocacy group. Efficiency programs suppressed electric demand by 13.7% from January through March 2014, lowering payments to generators by $1.49 billion, the report said. With New England […]
Five Costly Energy Buying Mistakes – and How to Avoid Them
- Monday, October 13, 2014
- Bob Wooten
Energy decision-makers wear a lot of hats – and their job descriptions are all over the map: Some are purchasing agents, property managers, and CFOs. Others are mayors, operations directors or presidents. The point is, it’s rare to find a person who specializes in “energy procurement” alone. For most of these people, “electricity procurement” or […]
Are You Outsourcing Energy Procurement? 3 Signs That It Might Be Time
- Saturday, September 27, 2014
- Bob Wooten
“Outsourcing” as we know it today traces its modern roots back to the business climate of the 1970s and 80s. It was around this time that many organizations turned to outsourcing as a way to remain competitive in a global economy. During this time, the mindset was that in order to compete, organizations must focus […]
