Business Energy Procurement
The energy market is complex and volatile, with many suppliers and contract options available to consumers. The landscape is continually changing as suppliers enter and leave the marketplace. The global market is affected by several macroeconomic factors outside consumers’ control. Seasonal trends, demand cycles, geopolitical instability and conflict are just some of the drivers of the global energy markets. As a result, timing the market whilst choosing the right procurement strategy can prove very difficult.
Tendering requires time, supplier relationships and expertise. Therefore, most consumers have a limited suite of options and ultimately fail to extract the best value from their procurement process. Many consumers don’t have a robust strategy in place for energy procurement and are likely to experience increases in cost in unfavourable market conditions.