How Energy Experts Time the Market [Webinar]
The reverse auction in EnerNOC’s energy exchange has proven to be the most effective way to get the best price for energy. It’s even won awards from independent third parties, including Energy Manager Today, who named it a Product of the Year for 2016.
Technology alone, however, doesn’t tell you how to best structure your contracts, when to hedge, or how to arrange different business objectives into a cohesive go-to-market energy strategy. It may offer the best way to source energy competitively, but it doesn’t tell you what to buy and when to buy it.
That’s why many of our energy procurement experts have been so adamant about the current hedging opportunities for 2019-21. In many areas around the country, energy prices for 2019, 2020, and 2021 are currently 7% lower than prices for 2017 and 2018.
Most of our customers are relatively risk-adverse and prefer predictable budgets, but all of our customers want to minimize energy costs when a good opportunity presents itself. And guess what…this is one of those opportunities.
Watch the recorded version of our recent webinar, How Energy Experts Time the Market, to see EnerNOC Energy Advisor Drew Miller explains what’s driving this market opportunity and how your organization can gain a competitive edge by bringing forward these low-priced futures. The video covers:
- Why you should manage energy costs proactively instead of reacting to contract expiration dates
- Why power prices are driven by natural gas, and how this impacts "shoulder season" buying strategies
- What it means when the market is in “backwardation”
- What’s happening with near-term pricing