The global economy is driving international business expansion at an unprecedented rate. With that expansion, organizations find themselves challenged by the complex task of sourcing energy and managing price risk to support a global portfolio of facilities. Energy market volatility, an increasingly distributed and renewable energy landscape, and diverse, constantly changing global utility business models combine to challenge the resources of even the largest international operators.
Effectively managing energy procurement opportunities, costs, risk tolerance, and contracts across a global portfolio requires the combination of market-specific intelligence, easy access to centrally organized information, and robust reporting.
The Ecova Strategic Energy Sourcing solution delivers on those needs for global organizations.
Ecova’s expert regional market teams assess detailed historic and forecasted prices, which serve as the foundation of well-documented purchasing recommendations. In deregulated markets, forward price analysis and reporting serves to inform your budget and further reduce uncertainty where price volatility can prove most consequential. Throughout the market assessment, RFP/tendering, and contracting process, a closely managed workflow ensures stakeholder transparency and highly competitive procurement outcomes.
To balance your sourcing strategies with the individual market trends and opportunities in your portfolio, Ecova’s Strategic Energy Sourcing solution offers ongoing, comprehensive risk assessment. New procurement opportunities are regularly reviewed against your tactical plan in each market, informing Ecova’s ongoing contract review and future procurement activity on your behalf.
By leveraging a combination of unique insights from contract data, market-specific price intelligence, and utility bill data, Strategic Energy Sourcing ensures your energy procurement decisions are tracking to your strategy.
Access to global procurement information via the Ecova Platform provides a convenient, visual reporting interface to communicate your portfolio positions to key stakeholders, and centralized access to contract images and related data. Ongoing Supplier Performance Management ensures accurate pricing at the site level and provides documentation to support the managed resolution of contract issues and disputes.
Global Strategic Energy Sourcing from Ecova helps clients navigate the complexity of energy procurement activity across global portfolios. Ecova clients save time and money by outsourcing energy supply procurement and management to dedicated experts, backed by more than two decades in the energy and sustainability management arena.
As energy markets and opportunities increase in complexity, solutions from Ecova are helping global organizations leverage their data, gain more insight, and take action toward powerful energy management results.
“Ecova has helped us to achieve significant cost savings… this will make a real contribution to our bottom line and also gives us security of energy supply at very competitive rates.”
-Mark Wiles, British Airways
Ecova is committed to the collection and analysis of data that allows our clients to focus on proactively driving energy procurement cost savings and risk mitigation. Our fully outsourced Strategic Energy Sourcing solutions capture detailed energy market intelligence and supplier performance data. That data serves as the foundation of insight enabled through our powerful analysis and reporting tools, which direct action that yields powerful results.