In the evolving landscape of energy today, it's an increasing burden on businesses trying to cope with an increasingly complex process of energy procurement.
The ever-evolving world towards a greener future is compelling governments and industries to go on greener energy policies towards net-zero commitments. While these are important to be initiated to fight against climate change, they bring new challenges to businesses to try and secure the required energy at competitive prices.
We will see how sustainable changes are making energy procurement a little more complicated and how having a trusted energy broker like Resolve Energy simplifies the process of keeping your business ahead in an uncertain energy market.
The growing complexity of energy procurement
The energy sector has become a vital part of the modern transformation countries are undertaking to decarbonise their economies. With this transformation in the energy sector comes challenges for businesses trying to procure energy. Some of these are:
Volatile energy markets
It has been quite an astonishing couple of years in the world energy market, driven by highly tense geopolitics, a swing in fossil fuel prices, and the transition to renewable energy. What businesses are left with is the high unpredictability of energy costs factor crucial to operational budgets.
Renewables and Supply Fluctuations: Wind and solar will be integral parts of the sustainable future, yet both are variable means that the price of energy might fluctuate on days when there is insufficient wind and sunlight, raising long-term budgeting concerns for companies.
Increasing regulation requirements
Governments are giving incentives and imposing regulations to encourage businesses to reduce carbon emissions. This again has become very challenging since the carbon pricing mechanisms, renewable energy certificates, and other compliance requirements imposed on businesses have become too overwhelming to comprehend.
Net-zero targets
For many companies, there's a growing need to align with government-imposed net-zero targets. This further complicates energy procurement issues regarding the need to source a portion or all of one's energy from renewable or low-carbon sources, often at increased prices compared to traditional energy sources.
This shift to energy places an enormous strain on the energy supply chain. As more emphasis is put on green infrastructure, such as solar farms and wind turbines, the competitiveness for such scarce resources will drive up competition, making it difficult for companies to secure energy contracts.
Grid infrastructure
Most of the conventional energy grids are not oriented to absorb this influx of renewable energy, hence creating bottlenecks that make procurement strategies by businesses more complex.
Stakeholder pressure for ESG
In addition to the government legislation pressure, stakeholder, investor, and consumer-driven pressure urges companies to implement comprehensive ESG policies. Such elements can better raise demand for clean energy and carbon-neutral operations. Businesses are not only required to source energy but also assuredly obtain it from renewable sources; this hikes up competition and costs.
How an Energy Broker Like Resolve Energy Can Help
Working one's way through this complex and ever-changing energy market requires both expertise and deep knowledge of the finer points in the process of energy procurement. Here are some ways a broker like Resolve Energy can make this easier and more rewarding for your business:
Market expertise and insight
We have acquired a deep understanding of energy markets, which would help businesses stay ahead of market trends, regulatory changes, and price fluctuations. Our market dynamics expertise guarantees that businesses secure energy at the most competitive rates, even in turbulent market conditions.
Sustainable energy sourcing
To companies committed to net-zero targets and other sustainability goals, Our partner business, Resolve Net Zero, finds renewable energy sources and constructs procurement agreements that achieve sustainability objectives at the cheapest cost.
Regulatory compliance and risk management
With the increasing number of carbon emissions regulations and procurement of energy, there are a lot of business details involved in which one can easily get lost. Resolve Energy will take the guesswork out of regulatory compliance and ensure your business is aligned with all relevant energy policies.
Risk mitigation
Our teams identify all conceivable risks in the energy procurement process, such as supply chain disruption or change in regulation, and strategies for mitigation to limit the impact on your business.
Tailor-Made Energy Solutions
Every business differs and so do their energies. Resolve Energy works hand in hand with businesses to develop bespoke energy procurement strategies that meet specific operational goals and budgets. That personal touch means that businesses can secure energy solutions that are not only cost-effective but also sustainable.
Energy Efficiency
Besides energy sourcing, we are also able to recommend additional energy efficiency solutions beyond just the primary consumption of energy. This would further help businesses reduce costs and move toward a less impacting environmental footprint.
That would make the transition to sustainability yet another layer of challenge to energy procurement: volatile markets, increased regulation, and mounting pressure to be greener. It's all a bit overwhelming, but with expert advice, such as provided by an energy broker like Resolve Energy, it is possible to navigate the landscape and remain competitive while continuing to comply with all legislative requirements for businesses.
With market expertise, sustainable sourcing strategies, and tailored solutions at the forefront of their operations, Resolve Energy ensures that businesses can thrive within a rapidly changing energy market without losing their way in navigating the transition towards a greener future.
By partnering with Resolve Energy, you will be able to focus on running your business while they handle the intricacies of energy procurement in a sustainable world.
If you're looking to save money on your energy bills then why not get in touch today? The relationships Resolve Energy has developed with over 24 of the UK’s biggest business energy suppliers allows our energy experts to source the best business energy rates available for your company right when you need them. Request a free quote today and start saving money on your energy.
