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Flexible energy contracts management: four key skills
In the realm of energy management, employing an internal resource to manage your flexible energy contract can be a significant risk. Control Energy Cost’s flexible purchasing option means you always have an eye on the market.
In addition, Control Energy Costs bring together businesses that are not able to participate in the wholesale market individually. To safeguard your interests, it’s critical you ensure the people managing your flexible energy contracts demonstrate these four skills:
Customisation for individual exposure
To tailor energy commodity price risk management to your unique business measures and goals, assess if your consultant understands your risk appetite and the impact of energy costs on your bottom line.
Expertise and strategies
Scrutinise the background, knowledge and certifications of your energy contract manager. Ensure they possess the necessary expertise and hands-on experience to effectively manage diverse energy portfolios.
Data-driven risk management
Evaluate whether the risk manager utilises statistical and technical tools based on live market pricing or relies on intuition. Consider the time horizon of their risk management strategy and assess if it aligns with your business's needs.
Transparent communication
Effective communication is crucial; enquire about the frequency and quality of communication of your energy contract manager. Ensure they keep you informed about market trends, empowering you to make informed decisions about your energy contracts.
Ensuring these key skills are demonstrated will enhance your confidence in your flexible energy contracts management, fostering proactive risk management and ensuring a secure and optimised energy strategy for your business.
Contact us if you would like to learn more.
