Managed Energy Procurement Strategy
When it comes to commercial electricity plans, you are likely most familiar with commercial power supply options for fixed-price electricity contracts. Although these contracts are a more common method of energy procurement, they may not be the best strategy for you.
Market energy prices fluctuate all the time. At any given time, some years' energy prices may be high, others low. Rather than trying to time the market to fix your energy price all at once, you can execute a procurement plan that allows you to take advantage of future buying opportunities without fully exposing yourself to price risk. You can select whether you want to fix the price of separate charges for components associated with retail electric supply, such as capacity and transmission, and add that price to the retail adder.*
How SupplyIQ Power Works
- Capitalize on energy-market access to the SupplyIQ sales sheet against index volatility over time and as conditions warrant.
- Take advantage of any underlying electricity product structure (index, block, heat rate, RenewableLink).
Risk Level
- Suitable for a wide variety of risk profiles.
- Allows for any level of exposure to index pricing.
Why You Should Consider SupplyIQ
As a SupplyIQ customer, you get the flexibility to augment your energy strategy over time with renewables, demand response and other energy initiatives, while also having the freedom to take advantage of future buying opportunities. Managed hedging allows you to lock in varying blocks of energy at different times over the course of multiple years. This is a forward-looking approach, allowing you to build into a fixed-rate with a more certain budget and create customized business energy plans.
Strategic Energy Management with SupplyIQ Software
Our proprietary SupplyIQ software, powered by NextEra Analytics, offers sophisticated commercial and industrial customers critical functionalities for understanding and managing energy procurement. Whether you're navigating volatile markets or seeking energy optimization, our software provides you with the tools needed to make informed decisions for potential ways to save on your electric bill.
Futures
Market Perspective: Gain insights into futures market trends and historical data to help minimize your risk.
Price Comparisons: Access relative price information and percent changes over time, filtered by product, year and month.
Monthly Settlements: Visualize historical and futures data through monthly settlements charts.
Market Alerts: Utilize the Market Price Watchlist to receive notifications when prices drop to certain levels.
Usage
Detailed Usage Insights: After becoming a customer, access detailed insights into your electricity usage, including unit loads and consumption patterns over various time periods—monthly, annually, and hourly.
Year-over-Year Comparisons: Easily compare usage data yearly to optimize energy management.
Educational Resources: Learn how and when your electricity is being consumed and discover opportunities for demand response to enhance efficiency.
Portfolio
Hedging Analytics: Monitor and compare your hedged versus open positions by month and hourly averages.
Hedging Metrics: Analyze portfolio metrics such as percentage of load hedged, hedged volume, open position, load index cost, and weighted average cost.
Cost Estimates: Benefit from easy-to-understand hedge price comparisons and estimated monthly hedge costs.
Baylor University Leverages SupplyIQ to Manage Price Volatility
Baylor University managed price volatility with SupplyIQ's strategic energy management and energy supply tools, achieving significant cost savings.
