Purchasing energy is not something that anyone ever really relishes, is it? I mean, most of the time we don’t know what the prices that are being quoted are, or if they are real or whether someone is literally just making them up. The energy prices seem to change so often that it is almost impossible to be able to keep up with them. Energy procurement is a minefield and we are the ones that are either, not stepping into it and saying ‘I’ll stick with what I’ve got – better the devil I know’ or we are going in and being blown away at the first step in the mud. Either way, our energy risk management strategy is pretty much nonexistent and we are still paying through the nose for our energy consumption, even when we shouldn’t be!
So what can we do about ti? If we are really clever we will hire a consultant or two to help us get around it. We will hire someone that has an in-depth knowledge of energy procurement; when to buy it, who to buy it from, where and how to negotiate a better deal and who also has a vast knowledge of all the government considerations you have to take into account. Once we have done that, the pressure is off and the responsibility is no longer on our shoulders. I always believe that hiring a consultant to do the work that no one else can do is a good step in the right direction, rather than having to learn it all from scratch.
M&C Energy does Energy Consultancy Check it out