Every business person knows that markets can be subject to unexpected and rapid change. Energy products are some of the most volatile commodity markets being traded today, and the deregulation of gas and electric utilities in several markets have exposed end-users to market risk. Today’s rates follow market rates more closely, potentially exposing the end-user to energy price risk. Even so, this shift in risk can also provide energy users the opportunity to better manage their supply costs over time by working with an energy price and risk management service, like EnerNOC's SupplySMART.
By developing energy price and risk management strategies that are customized for each facility’s specific size, design, and tolerance for risk, EnerNOC can help create competitive bidding pressure to achieve more favorable and transparent pricing. Energy supply advisors like EnerNOC can also design and implement an energy purchase strategy, offer utility bill management, and continually monitor the market to advise energy users on purchase opportunities. Achieving the optimal balance between energy prices and risk management is another critical component to overall energy management planning.