Several aspects of energy agreements can easily trip up even the most seasoned procurement professionals. Unless you are aware of some key terms and slight verbiage adjustments that can drastically affect the price you pay on your bill, you could walk away thinking you secured a good deal – when the agreement tilts in the supplier's favor.
Negotiating Energy Supply Agreements: A Balancing Act For Even The Most Seasoned Procurement Professionals
When it comes to energy management and electricity procurement, there are a lot of misconceptions out there – and a lot of opportunities for energy buyers to make mistakes that can cost their organizations valuable time and money. To help energy buyers reduce energy costs and avoid costly mistakes, Tradition Energy has compiled a list of the five things that most energy buyers get wrong — it’s a must-read for energy decision makers or anyone who is part of an energy procurement team.
As the need for climate action grows, both utility and corporate buyers are increasingly looking to reduce greenhouse gas (GHG) emissions. There are a variety of motivations for these actions—for many corporate buyers, for instance, there is stakeholder pressure from customers, employees, and investors. This need to reduce emissions is leading to increased demand for renewable energy power purchase agreements (PPAs) and virtual power purchase agreements (VPPAs).
When BlackRock informed clients of the firm’s commitment to help them on their journey of sustainable investing, it confirmed what many sustainability professionals already knew: mainstream investors believe that ESG metrics have a direct impact on risk and return. As such, integrating ESG initiatives into a company’s traditional financial reporting has become increasingly important for enterprises to keep their both retail and institutional investors happy.
“This solar solution looks like a great deal! Any reason we shouldn’t pursue it?” Given the budget pressure of the “new normal” it can be hard to answer “no” to a question like that. If your CEO is asking you to incorporate one-off renewable energy solutions, the proposed financial benefits make can it tempting to rush to implementation.
Why is it critical to take a strategic approach?