The Large Energy Consumer’s Guide to Buying Less, Paying Less, and Consuming Less
Large energy consumers — especially those in European countries experiencing energy market reform — are experiencing significant exposure to rising energy costs, driven by a wide range of regulatory pressures and industrial factors. The Netherlands, Ireland, and Great Britain, for example, are facing pressures on non-wholesale energy costs, such as network charges and environmental levies. Central Europe’s largely centralized and regulated markets are exposed to rising wholesale energy costs. Germany, Iberia, and Italy face uncertainty around industry exemptions, net metering, and retail energy prices. And a common theme seen in Europe, as well as around the globe, is the cost of high renewable energy support as regulatory bodies push businesses to reduce carbon emissions and derive more and more of their energy consumption from renewables.
“Decarbonizing the economy and energy production is now a necessity for states and companies, although it can also be a source of business opportunities and innovation, according to experts.”
In an effort to manage unprecedented risk and take advantage of new opportunities, market participants are in search of innovative ways to manage and reduce energy spend while meeting ever-increasing regulatory pressures. The question remains: How does one effectively manage energy efficiency, consumption, sourcing, generation, and risk in a digitally-driven world?
A holistic strategic framework to address industry challenges and opportunities should consider the various ways large energy users can address their energy cost base through a series of commercial and operation levers, including energy usage reduction, monetizing asset flexibility, “behind the meter” self-generation, direct asset investment, and direct contracts with producers.
But what is the key to making all of this happen? The answer lies in automated and configurable energy trading and risk management software (ETRM Software).
We recently hosted an insightful webinar, “Buy Less, Consume Less, Pay Less,” where Norsk Hydro’s Head of Risk Management takes a deep dive into how the company is utilizing Allegro’s ETRM software to reach new levels of automation required to effectively manage its global energy portfolio. One of Allegro’s valued partners, Baringa, also delivers insights on the latest energy consumption shifts and what to consider when addressing a holistic energy strategy framework in this 45-minute webinar.
- How energy users can make bold moves to manage risk and cost
- Effective management of market price exposure
- Improved analysis and valuation
- Tighter contract management
- Scalable and flexible IT platforms
Click here to watch this on-demand webinar today.