Energy Procurement
ENERGY PROCUREMENT
Energy Procurement
IEG is an independent energy service company (ESCO), providing advisory services, energy brokerage and specialized equipment to the food manufacturing
industry throughout North America. Our expertise in energy procurement will improve your competitive position, freeing up resources for other aspects of your business. From our deep roots - three generations - in dairy and transportation, we have expanded to serve commercial and industrial clients all over North America, including valuable relationships with Group Purchasing Organizations and the businesses they represent.
IEG is recognized as an industry leader and has collected positive reviews and awards from clients in the US and Mexico. We have expanded across all industry sectors. QCS members have saved more than 10 million dollars
on electricity contracts through IEG. Here’s how:
Market Intelligence
IEG advisors understand the nuances of power generation, distribution, and peak-load pricing—and how small changes in your operation can yield significant financial benefits. We are experts at online reverse energy auctions, demand reduction and market hedging of natural gas. Our procurement team can also show you how aggregation planning can work for your business in the wholesale electric market. It’s not uncommon to save as much as 20 percent on your power costs
when moving from retail to wholesale pricing. In addition, as a client of IEG, you will receive credible market intelligence that will allow you to plan for your energy costs up to five years in advance. We analyze all power and fuel markets at every level to alert our clients to opportunities.
Deregulation of electricity and gas markets has brought opportunities, but supply-chain professionals may not understand all the intricacies of these markets. Power generation is a highly regulated commodity, and procurement of this vital supply must look at both pure commodity cost as well as pending government regulation that effects power generation, local distribution costs, and tariffs.
Our experts regularly decipher these subtleties and help you “see around the corner” to maximize opportunity for you and limit your negative exposure. We also track the financial health of 49 publicly traded generation companies to ensure you are buying from stable generators capable of fulfilling contracts today and for many years to come.
Energy Audit Process
To get started, we’ll evaluate your energy consumption patterns and advise on the effectiveness of your procurement strategy. Many supply chain managers are more focused on energy costs and can miss the outrageous brokerage fees (adders) that are included in pricing. Next, we’ll reduce your energy consumption through a no-cost, one-day energy audit by IEG’s team of licensed engineers that will examine your equipment and operations. From that investigation, we will isolate areas in operations that are underperforming and undertake a deep dive review to produce an investment-grade project analysis. The final step will address energy sustainability, which begins by comparing your operations to your top three competitors. What is your market position relative to those competitors, and how can we improve it?
For Consultations
Call 803-867-5971
