Energy Procurement

Prenova’s Energy Procurement solutions help customers control energy spend by negotiating better rates and developing budgets that are more accurate.

For many companies, energy is a significant expense, one of the top five, so costs have to be kept in check. Unfortunately, energy prices are highly dynamic – they decrease one month, only to climb back up the next. Pricing is driven by a variety of factors, including demand, geopolitical events, and weather conditions. These fluctuations can play havoc with budgets, and prices are unlikely to stabilize anytime soon. This means developing accurate budgets and negotiating better rates from suppliers are essential. Most organizations, however, lack the internal expertise to accomplish this on their own.

Customers want to bring greater predictability to the budgeting process. They also want to know they’re paying the optimal price for energy based on their requirements and tolerance for risk. Prenova’s Energy Procurement services meet these needs.

Energy Supply Management

Reduces energy spend by securing lower utility prices in deregulated markets and identifying the most appropriate rates and tariffs in regulated markets

Budget Planning & Forecasting

Helps customers develop accurate financial plans by providing greater insight into the factors that drive energy spend