Proactively managing your energy portfolio is vital for reducing and stabilizing energy spending in today's rapidly changing energy market. The challenge in doing so, without the expertise of an energy advisor, is correctly and efficiently navigating the ever-evolving deregulated energy market.
Current market dynamics continue to pose significant challenges for energy managers. Recent conversations with energy consumers and professional energy managers highlighted various ongoing challenges faced in their roles. The most common include:
-
higher energy prices and increased volatility,
-
staying updated with, and integrating compliance requirements into energy management strategies, is both complex and time-consuming for environmental regulations and adherence to energy efficiency standards,
-
lack of information symmetry in options for meeting energy diversification and sustainability needs,
-
challenges with assessing and integrating new energy technologies, and
-
managing budgets and internal stakeholders with rising energy costs.
Established and experienced energy advisors specialize in analyzing your energy portfolio, monitoring energy consumption patterns, formulating hedging strategies, negotiating long-term energy procurement arrangements, and providing recommendations to manage your energy spending so you can focus on growing your business.
How Pilot Energy Advisors Empower Your Business
Energy Market Intelligence: Energy markets are complex and subject to fluctuations influenced by many factors, including supply and demand, geopolitical events, and policy changes. Pilot’s Energy advisors possess in-depth knowledge of these dynamics and keep you apprised of market trends and fluctuating energy prices. We are also skilled at helping you assess risk and recommending vetted energy products and proven procurement strategies.
Energy Procurement Strategy: Pilot Energy advisors start by conducting a comprehensive energy assessment of your organization’s energy needs, risk tolerance, current energy procurement practices, historical consumption data, and any energy efficiency efforts to uncover opportunities for cost savings. As part of the energy procurement strategy, we provide a roadmap for implementation, including selection of the appropriate suppliers, negotiation strategies, and recommendations for contract structures to help secure favorable energy contracts. By collaborating with you, our energy advisors also align energy efficiency initiatives with procurement decisions.
Partnering with an energy advisor is a smart choice that delivers considerable time and cost savings. The Pilot Energy team offers a wealth of experience and expertise, with data-driven insights and guidance to help you make informed buying decisions. Let us navigate the complexities of the evolving energy market and leave you free to focus on what truly matters - your business.
Erin Schmerschneider, Director, Energy Advisory
Ongoing Oversight and Supplier Management: Pilot Energy advisors assist in managing relationships with energy suppliers. We help evaluate supplier performance, monitor contract compliance, and address any issues or disputes that may arise. By actively managing supplier relationships, our energy advisors help ensure a reliable energy supply and favorable pricing terms.
Using advanced analytics tools, we track key metrics on an ongoing basis to evaluate peak demand, usage patterns, energy consumption, cost, and performance. This monitoring identifies anomalies, allows for quick and timely corrective actions, and lays the groundwork for your company’s annual budgeting and planning processes, especially if your energy spend is a significant portion of your operating expenditures.
Renewable Energy Integration: With the increasing focus on sustainability and renewable energy, our energy advisors help navigate the complexities of integrating renewable energy sources into your organization's energy mix. We provide information on renewable energy options, assess the feasibility of onsite generation or purchasing renewable energy credits (RECs), and support the procurement of renewable energy contracts.
Regulatory Compliance: Energy markets are subject to various regulations and compliance requirements. We help you understand and navigate these regulations, ensuring your organization meets its legal obligations. We also provide guidance on reporting, emissions tracking, and sustainability reporting frameworks to support the organization's environmental goals.
In a nutshell, our experienced energy advisors help you manage the complexity of your energy needs so you can allocate more time to managing your business. In many cases, we serve as an extension of your team.
