Renewable Energy ProcurementDan Moat2019-08-18T19:29:55-07:00
Renewable Energy Procurement
Renewable energy that doesn’t cost the earth.
Renewable sourcing can be complex with a mixture of energy procurement contracts, physical and virtual options available. Vervantis specialize in delivering environmental and cost-conscious organizations the advice and strategies needed for success.
Renewable Energy Strategies
Find The Perfect Balance For Your Organization
Many of the worlds leading companies have signed up to a low carbon future, and renewable energy procurement is playing a big part in achieving these sustainable aspirations. Energy consumers have multiple options available, either directly sourcing green energy from utility providers, offsetting usage with renewable energy certificates (REC’s) or through more strategic, longer-term commitments in the form of physical or virtual assets.
Below we look at a few of the factors to consider.
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How To Know What's Best For Your Business
When there are so many options available, understanding the right approach is never as straight forward as you think. The cost and risk of each opportunity needs to be carefully considered to find the best strategic fit for each organization that meets both environmental and commercial goals. At Vervantis, our team of specialists find the perfect balance, carefully assessing the viability of every available option.
Building The Business Case
There are multiple factors that affect the strength of a business case for renewable energy from your location, tariff structures, available technologies, incentive schemes, size, consumption profile, brand, tax structure, property ownership, funding, market conditions and so on. Vervantis use a holistic process to understand the most effective approach which considers every aspect of a physical, virtual or tariff based renewable energy procurement.
Meeting Carbon Neutrality
As 2020 approaches, organizations with renewable energy targets or Greenhouse Gas (GHG) reduction commitments have a renewed urgency to act. While the market has been relatively liquid for REC’s and other Energy Attributable Certificates (EAC’s), recent momentum has brought some constraint. Timing is certainly an important factor in any green electricity strategy, especially if you plan on longer term commitments. Fortunately, Vervantis provides all the tools needed for a complete road map to success.
To understand the best approach for your business
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Sourcing Renewable Energy
A common belief among energy consumers is that buying renewable electricity to become a more sustainable business is more expensive than traditional sources. While this can be the case, Vervantis has found many examples where renewable energy has been either cost neutral or at a lower cost than utility rates. If physical assets are viable, it is possible to structure funding with zero out of pocket through power purchase agreements (PPA’s) using third party vendors.
Renewable Electricity – What are the Benefits?
When most people are asked this question, invariably they will say “because it’s the right thing to do”, however in business, doing the right thing has to be financially sustainable, so a number of checks and balances are carried out to ensure all the benefits of renewable electricity are accounted for. This process can involve different departments within an organization and typically includes some of the following areas and teams:
• Economic – Finance Team
• Environmental – Sustainability Team
• Supply – Procurement Team
• Brand – Marketing Team
• Marketing – Sales Team
Each element has a string of attributes that vary in value from one company to the next, so the importance of conducting inclusive holistic evaluations can not be understated.
Where Do I Start?
One of the best places to start is with experienced independent practitioners. The most important aspect of a program that involves so many moving parts, is for the advice you receive to be unfettered or compromised by hidden agendas. As truly independent specialists, we welcome the opportunity to discuss your project ideas and goals and offer a free one hour consultation with one of our renewable energy experts to help you get started.
No strings, no sales, just good impartial advice from our green energy guru’s.
Call us at (888) 988-5474 to learn more today!
Risk Management
SourceRisk™ is a proprietary risk management solution for energy professionals that accurately measures price risk and keeps it in the range you allow. After that, we use flexible dynamic supply agreements, which enable organizations to avoid volatility by fixing volume if markets rise and unfixing it if they fall.
Energy Sourcing
We create a strategic energy sourcing environment with supply contract structures that streamline and centralize decision making. Above all, our corporate energy procurement experts ensure organizations can act quickly on advice and intelligence across all territories.
Regulated Sourcing
Our commercial energy experts use proprietary rate analysis models which accurately analyze and compare thousands of regulated utility rates against your facilities load profiles, creating savings recommendations in hours. This regulated energy sourcing solution provides unrivaled access to lower energy prices.
Data Analysis
Vervantis provide free direct access to energy data analysis through our proprietary energy management portal DataHub360™. Organizations can view Sites, Accounts, Master Agreements, Energy Contracts, Site Pricing, Energy Reports, Sustainability Performance, Invoices and Utility Bill Management programs.
Transaction Timing
Firstly, timing and readiness to transact are always important factors in commercial energy procurement. Above all, buying energy when it’s cheap rather than at contract expiration is vitally important, as is comparing all commercial rates from energy suppliers to those offered by local utility companies. However, this is almost always overlooked yet can deliver significant savings.
Want More Information?
No problem. We have written a guide to energy procurement that explains some of the considerations in managing an energy RFP yourself or if using a third-party, guidance on the different types of support. You can read it here.
“Vervantis manage our energy purchasing, billing, account administration, sustainability reporting and everything in-between. The service is incredible and they always go above and beyond our agreement to help.”
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