What Is Energy Procurement

Procurement is the act of purchasing or otherwise taking possession of something especially for business purposes.

What is energy procurement.

Tradition energy s supplier portfolio includes 179 electricity and natural gas suppliers around the world. Each month you receive your business energy bills. Energy procurement in its simplest form is the process of finding the best energy recommendation for your business. Energy procurement is the sourcing and identification of the gas and electricity contracts that best suit your individual business needs.

Energy procurement is the process of acquiring the exact fuel and power your business needs to operate. Aee s certified energy procurement professional cep program is designed to award special recognition to professionals who have demonstrated a high level of knowledge experience competence and ethical fitness covering the full spectrum of activities related to the purchase sale and marketing of electricity and natural gas. And each month you might find yourself asking. The way you approach energy procurement can have a huge impact on how when and if your business grows.

Energy is often one of the biggest overheads for a business so it is crucial to adopt the right approach in how you go about purchasing your gas and electricity. Business contracts can be extremely complicated and the energy market highly volatile. We all want to know what the best procurement strategy is for the organisation. This solution takes into consideration your price sustainability renewables and the future needs of your business.

If an organisation opts for an unsuitable contract structure or locks into a contract at the wrong time or for the wrong. Energy procurement is a complex process and the outputs of this activity directly influence the cost of energy to the organisation hence a critical activity that needs to be managed appropriately. Plus you know the drill.