Outsourced Energy Management- A Trustee Approach

Abstract

The pace of change in the North American energy markets has accelerated dramatically over the past year or more. As industrial managers face deregulation and re-regulation on a number of fronts, they also face a market in which the number of providers is shrinking. Volatility in the creditworthiness of energy suppliers has compounded volatility in price. For executives responsible for facilities in many locations these issues are multiplied. With the imperative to control cost and optimize asset value stronger now than ever, successful energy management will form a key competitive advantage in those industries where energy comprises a significant portion of the costs. This paper describes the Energy Trustee® Program: a comprehensive model for outsourcing these responsibilities through the creation of a partnership with an independent firm of experienced energy experts, and outlines the advantages of this approach versus the other models now available.