With a host of geopolitical issues around the world pushing the cost of Brent Crude Oil to an eye-watering $80 a barrel, these are challenging times for energy users.
As the graph to the right so clearly demonstrates, the knock-on effect is a dramatic rise in the cost of gas (and electricity), which often accounts for a company’s second-biggest overhead behind staff wages.
Prices are on the up across the board and the likelihood is that this situation will not change anytime soon unless someone finds an overnight magic formula for ending long-running disputes in the Middle East and beyond.
While energy price markets are complex and unpredictable at the best of times, the lack of certainty at present makes for a testing environment for even the most proficient and experienced market analysts.
No-one at Energy Management would claim to know what the future has in store (a pay rise would be theirs for the taking if they did), but we believe in the adage that to be forewarned is to be forearmed.
Our market monitoring systems provide a safety net for customers potentially vulnerable to sharp price hikes, with alarm mechanisms being triggered once prices reach levels at kilter with historical data. Dedicated key account managers then contact their respective clients and advise them accordingly about the range of procurement possibilities.
Adopting a proactive stance in energy procurement is vital in negating the impact of an increasingly bullish market; leave contract renewals to the last minute and you run the risk of being held to ransom by energy suppliers or face punitive charges for going out of contract.
Externally managed energy contracts enable clients to press on with their own business development safe in the knowledge that the management of their energy needs is being looked after by a safe pair of hands.
If you would like to discuss managed energy contracts, please feel to contact us on 01225-867722.