One of the first things you need to consider when choosing your energy supplier is how they will help you achieve your corporate energy strategy. An energy strategy is built around how your business will source its energy at the lowest cost available. To do this, there must be an understanding of how much energy is needed and how this affects your bottom line.
After these questions are answered, your business can focus on strategic energy management – working to achieve continuous energy performance improvements through reduced energy consumption, increased productivity, and lower costs. Even something seemingly small like a 3% annual reduction can have a huge impact on the success of your business, especially when compounded year over year.
Creating the best energy strategy can be difficult and time-consuming, but working with a company like Champion Energy Services can help you move forward in the right direction. Our experts understand small business energy needs, and we can work with you to optimize the best strategy for your firm.
FAIR AND RELIABLE PRICING
According to a survey conducted by Energy Star, small businesses spend a whopping $60 billion a year on electricity costs. In addition, when owners were asked which of their expenses was the most unpredictable, the answer was almost always energy expenses. Another report issued by Forbes stated that the cost of electricity was among the top three highest expenses for most small business owners.
As the energy market has become more deregulated, business owners now have the ability to choose who sources their energy. Many large corporations can fund their own power source, thus managing their energy procurement and costs directly. Others can negotiate with power producers directly, signing power purchase agreements, or PPAs. These agreements lock in their electricity prices for the term of the contract, guaranteeing them stable rates.
Unfortunately, most small businesses do not have the capital to acquire PPA contracts or power their own operations. This means that they have to find power on the open market, often from a regulated utility, leaving them susceptible to price volatility on a daily basis. This instability in pricing can prevent businesses from controlling their costs and accurately producing budgets and forecasts.
When choosing an energy provider, you want to work with a partner that can provide fair and stable pricing. At Champion Energy Services, we can streamline your energy procurement process and our price protection will ensure the stability of your electricity prices for the life of your contract.
This will give your business the ability to control energy costs and properly budget and forecast. You will no longer be at risk of day-to-day market swings due to the cost of fuel or power, allowing you to focus your expenditures on growing your business.