As corporate cost containment efforts intensify, energy expenditures are gaining attention.
There are factors which present both great risks and great opportunities in the energy procurement area:
- Price Volatility — frequent and extreme price movements
- Deregulation of Energy — presenting a myriad of flexible purchasing options.
- New Technologies — reducing energy consumption, or generate and store electricity.
Managing price risk is the new corporate mantra, and with a customized, long-term, strategic energy procurement plan, corporations no longer have to be price-takers. They can take control of expenditures and reduce overall energy costs, making them more manageable, stable and predictable.
With clear corporate strategy objectives, a customized energy purchasing strategy can be developed for each facility, based on its location, particular usage patterns and physical structure.
During the past decade, Prospect Resources’ clients have benefited from its proprietary tools for analysis, development, and execution of a customized energy purchasing strategy, achieving an average of 16% savings on energy costs.