Developing an effective energy procurement strategy requires a detailed understanding of energy charges, knowledge of your company’s energy requirements, and how to manage energy demand to capitalise on the opportunities available to you.
What you need to know
Understanding your retail energy bill – Getting a good deal on energy requires you to understand the various charges you are paying and how to assess them.
Understanding your energy requirements – The price you pay for energy is influenced by when and how you access the network. Therefore, understanding and managing your demand profile can help you control your electricity charges.
Tracking energy pricing information – There are several information sources which can help you track energy price movements, and be better prepared to negotiate procurement contracts.
Retail procurement options – End users have a number of options for dealing with retailers, each of which has advantages and disadvantages.