Energy Procurement Auctions
Traditional energy procurement strategies include manually gathering multiple price quotes from retail energy suppliers, negotiating contract terms, and executing an energy contract. This process is dated and does not allow for true competitive pricing through the use of technology. Energy procurement auctions are structured as a competitive bidding environment where reserve prices and contract terms are set ahead of time. Energy suppliers then bid in real-time to win customer business, which results in lower prices and actual customer savings. In this article, we will outline the role of reverse auctions in energy procurement, how they work, their advantages, and the various ways customers can access this leading-edge technology.
Fixed Rate vs Variable Rate Electricity Plans
Choosing the right electricity plan based on your organization’s budget goals is one of the most important decisions in your energy procurement process. Fixed rate vs variable rate electricity plans offer an array of options and risk for consumers that should be evaluated in detail prior to purchasing. This article will compare fixed and variable rates, explain how each product structure performs under different market conditions, and introduce the hybrid approach of combining fixed rates with variable rates.
50 Ways To Reduce Energy Costs At Your Business in 2026
Energy costs can be an expensive line item on your P&L, so finding ways to reduce your utility bills is a way to directly impact your bottom line. In this article we explore expert solutions to helping businesses reduce overall energy expenses.
Electricity Costs Are Spiking: Here’s How Large Energy Consumers Are Responding
Electricity prices are rising faster than many large energy consumers have ever experienced, driven by structural changes in power and capacity markets. For organizations with significant electricity spend, the challenge is no longer just securing a competitive rate, but managing long-term price risk and budget uncertainty. This guide explains how large energy buyers are responding with structured hedging strategies to control costs, reduce price exposure, and stabilize energy budgets.
How Are Commercial Electricity Rates Determined?
Commercial electricity rates are influenced by a complex interplay of generation, transmission, and capacity costs, alongside local market dynamics. Understanding these key factors and how they are calculated is essential for businesses seeking to manage and reduce their electricity expenses.
Energy Procurement Management: Process, Benefits & Best Practices
Energy procurement management is a strategic process crucial for businesses looking to control energy costs, especially in deregulated energy states. This article will outline the energy procurement management process, highlight best practices, and explain why many businesses trust Diversegy with their procurement plans.