Energy procurement: Buy energy smarter
Build an integrated supply strategy to enrich your diversified energy procurement portfolio with deep market intelligence and a proactive risk management approach.
Our global experts have your energy procurement covered
Begin by identifying strategic buying opportunities for all the facilities in your organisation. Ensure your business is on the proper energy rate or tariff, has optimal contract terms and knows when and where the market is headed for a comprehensive energy risk management strategy. Employ an active energy management approach by expanding your energy buying strategy to include energy efficiency projects and comprehensive sustainability strategy.
Adapt a right-sized sourcing strategy
The key to a successful energy sourcing programme is the right contracts with the right suppliers at the right timing. Whether you buy energy in-house or use a third party, you need the most beneficial energy contracts with insights into your energy opportunities and renewable energy options for your energy budgeting process. Get a comprehensive energy management strategy designed to put you in a position to meet these objectives.
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Uncover savings hiding in your electric bill
With energy and data flowing, today's energy market is evolving faster than ever. There's more to your utility bills than you might realise. If you want to achieve energy savings, you must manage your energy complexity and prepare for the future. Find out where the hidden costs are in your bills.
Get updates on the latest global energy trends, covering political influences, commodity volatility, non-commodity shifts, weather impacts, emerging market opportunities and supplier differentiation.
Discover an approach to energy procurement that is aligned fully with your specific strategic goals.
Learn how Schneider Electric offered its procurement expertise to a supermarket chain client and gave full assurance of real and measurable savings.
The electricity market is converging as renewable power is becoming cost-competitive with fossil-based generation, driving a shift toward sustainable energy.
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1. What is energy procurement?
Simply put, energy procurement is the tactical execution of purchasing energy. But, strategic energy procurement factors in the external – geographic nuances, supply options, and supplier diversity – with the internal, including energy load shape and size, risk tolerance, and sustainability goals. As energy markets become more difficult to navigate, new technologies and evolving contract structures change the right approach to energy procurement. Achieving the right balance between cost savings, risk management, and commodity mix, including renewable energy and traditional brown power, requires an integrated sourcing strategy. This means energy procurement isn’t just the final stage of contracting for energy supply, but the comprehensive, competitive process that precedes it. Schneider Electric’s sourcing professionals are a team of highly skilled energy consultants with a deep understanding of geographic markets and energy market drivers, and the sourcing opportunities they present for clients.
2. How does renewable energy procurement work?
As renewably produced energy becomes increasingly cost-competitive to energy options produced using fossil fuels, our mission is to help our clients integrate clean, renewable solutions into their sourcing strategies. Wholistic, corporate renewable energy, and cleantech procurement strategies help uncover challenges and opportunities that arise as part of the renewable energy procurement process. Those opportunities may include offsite power purchase agreements (PPAs), onsite distributed generation, environmental attribute certificates (EACs), carbon offsets, or other new energy opportunities. Our procurement experts are well-versed in both traditional and renewable energy sources, including those still early in their development. We have extensive experience, global reach, and transparent processes to identify the right renewable energy projects and cleantech products for both commercial and industrial organisations.