Top 5 benefits of a dedicated energy strategist

Navigating the energy market can be overwhelming, especially when the market is volatile and energy management is only one of many business responsibilities. A dedicated energy strategist can help. These experts have the industry expertise and regional knowledge to help you design a customized energy strategy and align departments from across your business.

Think teaming up with an energy expert could be the right choice for your organization? Learn more about how they can offer guidance and monitor the ever-changing power and natural gas markets.

Our Strategic Client Services team offers expert energy market information based on years of industry experience. Your assigned energy strategist will be your point of contact and touch base with you as often as your organization needs. Typically, conversations are ongoing as the market changes all the time and meetings are structured around your objectives.

“Our team’s retention rate is strong because we build relationships. We get to know our clients and their business needs well over years,” says Melissa Wright, Senior Energy Strategist.

Every member of the Strategic Client Services team covers a specific energy market and ISO which enables them to become a regional market expert. Your energy strategist studies major market intelligence, interfaces with regulatory teams and energy traders, and gathers research to help you navigate the energy landscape where your business operates. If your organization’s energy procurement covers multiple energy markets, you'll get to work with an expert from each market to access the best opportunities and intel for each area.

Developing a plan starts with you and Strategic Client Services working together to identify your business’ needs, goals, budget, and risk tolerance. Then your strategist can use their market knowledge to find the most competitive pricing for energy buying and demand management.

Strategists also help align your strategy with the people who are responsible for executing it. This includes scheduling calls to determine what’s best for all your energy, facilities, finance, and sustainability groups. Energy strategists partner with you to implement a unified strategy that addresses needs across multiple sites and energy markets.

On a day-to-day basis, the Strategic Client Services team tracks market fundamentals that affect electricity and natural gas, such as supply, demand and inventory levels, power price trends, and weather forecasts. Strategists monitor the market on your behalf, can set floor or ceiling targets to capture opportunities during market dips, and help mitigate risk.

"In a single day, markets can end up trading outside of a client's range and blow the whole budget. Our team ensures you have the right information at the right time so you don't find yourself in that position," says Wright.

They also share trends and explain what various changes could mean for your energy price. A dedicated energy expert keeps an eye on budget targets and spending, identifies potential market opportunities, and is a resource to answer questions you may have throughout your contract.

Working one-on-one with an energy strategist offers added security to facilitate more confident energy buying decisions based on quality data.

Energy strategists provide market intelligence information to inform your procurement decisions. Individuals who handle energy procurement can learn more about the industry from their energy strategist and download reports to share with their leadership team. These reports and data are customized for your organization within our web portal for power customers, and custom reporting is developed by the Strategic Client Services team for natural gas customers.

Your strategist will identify beneficial future market opportunities based on your budget and risk tolerance to provide insights beyond your current contract.

“Along with your current energy purchasing strategy, we want to help you manage usage to lower costs and explore renewable energy options to meet any company’s sustainability goals,” says Wright.

Many organizations are interested in becoming more sustainable but may not know where to start. Energy strategists can explain how to integrate various renewable options into your overall strategy - from buying renewable energy to implementing efficiency measures.

No matter what your energy market experience, we’re here to empower you to make the best decisions for your business, now and in the future.

Contact us to learn more and talk with one of our energy strategists.