Meeting the challenges of energy procurement head on

COVID-19 has brought so much uncertainty to the world as people wonder what their future prospects may be, personally or professionally.

The energy market has certainly not been immune to this either, with plummeting oil prices amidst a major downturn in business energy consumption being reflected in historically low business energy costs.

And renewable energy projects and EV installations, which were set for a boom year in 2020, have been held back, especially in the initial stages of the pandemic, because of a disrupted supply chain.

With so many factors to consider – political posturing can also be thrown into the mix – understanding the market and the mechanisms that may trigger wild fluctuations in the price of electricity and gas is vital to successful energy procurement negotiations.

Even for the most trained eye, unprecedented times like these can be extremely challenging for brokers in advising clients on when to sign on the dotted line with energy suppliers, and the length of contract most preferable for their needs.

A good level of market intelligence – through experience and software such as EM-Powered, the energy management portal – is vital in procuring energy at the right price and at the right time.

Minimising those energy costs through smart energy procurement – and taking the hassle away from clients – is at the heart of what we do.

With over two decades’ worth of experience, Energy Management explores the range of options available to their clients, from a fixed-price, longer-term arrangement that allows for greater security, planning and budgeting to a more flexible approach, where advantages can be derived from fluctuations in energy pricing.

Our consultants are experts at knowing which way ‘the wind is blowing’, so why not give them a call, on 01225-867722 or email:sales@energymanagementltd.com