Are you ready to hit the "reset" button on your energy budget?
It's no surprise that after a holiday period of feasting and indulging, many Americans wake up on January 1st with the resolve to "cut the fat" and "do better" this year than they did last year. The same goals can be applied to how you manage your company's energy spend.
I meet with businesses and governmental entities on a daily basis and I keep hearing the same story over and over. Tell me if you've heard one of these or if this is the story of your situation: "I know I'm paying too much, but I don't have the time to shop around." "I don't like change." "Finance just cut my budget... again." "Something has to change, but I don't even know where to start."
Let's just go ahead and press the reset button now.
CHALLENGES TO BUYING POWER
Often, there are many factors in play when you go to purchase power. Finance has set a budget, operations has set needs, procurement has specific buying policies and procedures, and the Big Boss (maybe that's you) wants to take the business in a certain direction that requires cash in order to grow. Add to that the amount of suppliers, selling power, number of meters you manage, the creditworthiness of the REP, pending deadlines, and maybe even multiple contracts with different start and end dates, and you've basically got a migraine the size of Texas.
Long story short - you could use some help.
I CAN'T AFFORD A GOOD CONSULTANT.
Actually, you can. The best consultants work with your business to understand all of your business drivers along with your personal business goals to develop a procurement and management plan that's right for you and your company. They should vet the vendors, negotiate the contract terms, and monitor the market to ensure you're buying at an optimal time. At Incite, we've consistently saved our customers money, and for many customers, we've even helped them gain additional revenue too!
YOU HAVE TO SPEND MONEY TO MAKE MONEY.
Seems a little counterintuitive to pay money to a consultant in order to save money, but what if we could do you one better? What if we were able to help bring your organization a new revenue stream?
As your energy partner, we fight for the lowest rate possible and since we are already familiar with your business operations and sometimes, the control systems you have in place, we may be able to make additional recommendations that will put money back into your budget.
TURNING ENERGY USE INTO A REVENUE STREAM.
Enrolling in a Demand Response program has no up-front cost if you already have back-up generation or a wi-fi capable control system in place. Even if you don't, we have nationwide contractors who can install equipment to make it easy for you to participate in a program that is right for you and your business.
All it takes is at least 100kW in available demand, and you could start putting money back into your budget this year.
DITCH THE BUYER'S REMORSE.
Electricity is usually one of the top two line items in a company's utilities spend. As such, buyers often get a bit of heartburn knowing they're about to make a potentially large commitment with little room for recourse. This is where a knowledgeable and experienced consultant can really help you control your costs and put your mind at ease.
IT'S ALL ABOUT YOUR BUYER JOURNEY.
The focus should always be on you and your journey because your consultant should be there with you every step of the way. A good one won't disappear once the contract is signed and magically reappear when it's set to expire. They'll follow up to confirm your meters have switched, offer free bill audit services, support you with any problems you may be experiencing with your utility, and facilitate the management of new meters as well as deactivate meters no longer of use to you.
Energy management is an ongoing process that should never truly end. Whether you decide to go direct or use a third party, you can always find helpful, transparent information online. I hope this blog provides a fresh look into the way you approach your budget and procurement strategies.
If you have any questions, feel free to get in touch!