ENERGY PROCUREMENT & MANAGEMENT
The full range of energy procurement, retail rate optimization, energy budgeting and other services
There is too much at stake in today’s energy environment for organizations to undertake all their energy procurement activities on their own. It’s too easy to experience large financial losses due to energy procurement mistakes or lack of expertise. We provide a full suite of energy procurement and management services that are designed to minimize energy costs and risks.
REDUCE COSTS. MANAGE RISK
Learn about energy procurement and management from Tom Sapp, Insight Energy’s energy procurement leader. Hear about Tom’s 20+ years of energy experience and perspectives on energy procurement and risk management, understand why it’s critical to engage experts—and learn what’s at stake if you don’t.
REDUCE COSTS. MANAGE RISK
Also hear from Dale Huff, Insight Energy’s regulated rate optimization leader. Learn about Dale’s unique experience and perspectives on regulated rate optimization, and understand the risks associated with neglecting this important piece of the energy procurement puzzle.
WHAT WE DO
Our energy procurement and management services include the following four activities:
WHOLESALE & RETAIL PROCUREMENT & RISK MANAGEMENT
Highly customizable procurement solutions based on footprint and spend profile. We develop strategies for managing energy contracts.
REGULATED RATE OPTIMIZATION
We assess how changes to utility tariffs impact energy costs. This includes understanding how regulatory updates impact energy spend.
DATA MANAGEMENT
We implement platforms to collect data, target opportunities, measure project results, and report on company KPIs; including collecting accurate energy billing and demand data through a payment solution.
OTHER SERVICES:
We offer several additional services, including natural gas pipeline negotiation, peak load management, budget development and management services, as well as regulatory compliance services.
CASE STUDIES
Regional Grocery Store
Insight Energy’s expertise identified $6.1M in Regulated Tariff Analysis savings beyond what internal client initiatives were able to achieve across 750 sites
SPEND & SAVINGS SUMMARY
Savings Implemented
Utility Bill Processor
Energy Management
$6.1M (3%)
Utility Bill Management
Managed, Centralized decision making
SCOPE OF WORK
- Utility bill audit; refund recovery
- Utility rate optimization
- Deregulated natural gas procurement
- Sewer cost reduction strategy
- Electricity to natural gas store conversion study
- Negotiate custom incentives / rebates
- Economic development discounts
Forged Steel Manufacturer
During a cold snap, Insight Energy devised a natural gas spot market purchasing strategy to minimize end-of-month cash-out costs, saving $307,000 in one month for a single facility
SPEND & SAVINGS SUMMARY
Savings Implemented
Utility Bill Processor
Energy Management
$307K (7.6%)
Utility Bill Management
Managed, Centralized decision making
SCOPE OF WORK
- Monitored usage and deliveries of natural gas on a daily basis
- Maintained daily communication with facility personnel regarding current and forecasted usage
- Reviewed contract pricing and near-term weather forecasts to estimate cost impacts
- Developed and implemented spot-market purchasing strategy to minimize cash-out volumes and cost
- Tracked daily cash market pricing to determine and act upon cost reduction opportunities
Domestic Auto Parts Dealer
Client viewed energy as a fixed cost that was largely not addressable. Implementing a centrally managed program across 2000 sites drove savings of over $3.8MM
SPEND & SAVINGS SUMMARY
Savings Implemented
Utility Bill Processor
Energy Management
$3.8MM (12.6%)
None
Unmanaged, Decentralized decision making
SCOPE OF WORK
- Implemented UBM for centralized Data Management
- Employed Energy Procurement and Risk Management strategies
- Regulated Rate Optimization
- On-site solar at distribution centers to reduce rates
- Lighting retrofits behind targeted utilities
Athletic Club
Insight Energy has implemented $1.26MM in savings opportunities for a national fitness club, including price and demand levers across the portfolio
SPEND & SAVINGS SUMMARY
Savings Implemented
Energy Management
Energy Efficiency
$1.26MM (3.3%)
Managed, Centralized decision making
Active Participant
SCOPE OF WORK
- Deregulated Procurement – Saved more than $1MM in natural gas expenditures through proactive energy procurement and management, with additional future savings opportunities in electricity markets
- Regulated Rate Optimization – Identified more cost effective rate tariffs in AL and GA resulting in over $57K in savings
LEARN MORE ABOUT ENERGY PROCUREMENT & MANAGEMENT
From electricity and natural gas procurement to regulated rate optimization and energy budgeting, learn about the full range of services we offer and how these services can help optimize energy spend and manage risks in this volatile energy environment.
