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How to Use Savvy Energy Procurement to Reduce Operating Costs Significantly

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Executive Summary

Virtually every business is concerned about keeping a tight rein on operating costs, but many do not realize the potential savings associated with a savvy energy procurement strategy and process. Historical trends and analysis of future energy supply and price behavior suggest that rising prices and volatility will continue. Businesses that adopt a strategic energy management and sourcing plan aligned with their overall supply chain strategy can expect to reap significant benefits. Shopping competitive natural gas and electricity markets, using tools including risk management, energy portfolio balancing, standard contracts, and e-procurement can drive down current costs and control costs into the future.

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