The larger your budgeted spend on energy, the more critical it is to have a budget that you can defend and one that helps you manage in changing conditions.
As the energy markets continue to demonstrate volatility, it’s more important than ever to take your energy budgeting practices to the next level. “Business-as-usual” budgeting processes that may have worked during times of price stability will increasingly fall short as prices fluctuate. In working with major, energy-intensive businesses, Ecova has tested and proven strategies for creating realistic energy budgets that weather uncertainty. No matter how mature your utility budget practices are today, implementing these five best practices can help you create and maintain resilient utility budgets.