Energy budgets are typically planned a year in advance by looking at historical trends and then projecting into the future. If energy rates rose by 10 percent over the last year, then they are likely to rise by 10 percent the following year – or so the thinking goes. However, there’s much more that goes into predicting your future energy needs than looking solely at past prices. New technology and factors specific to your firm can also play a role.
Commercial energy budgets can be challenging to predict. When it comes to energy budget management, it pays to have professionals by your side. At Navigate Power, we analyze past spending and a range of other factors to determine your current and future energy needs. We use modeling techniques to create accurate and reliable predictions of how your energy budget may have to expand or contract in the future.
At Navigate Power, we understand that energy budget development isn’t a one-size-fits-all process. Every company has different energy usage profiles and requires unique energy budget solutions.
Risk appetite is another factor in developing a successful energy budget. If you run a risk-averse firm, a fixed-all-in rate with price protection might be a better solution. If, however, you’re more willing to accept risk in exchange for a chance to pay lower prices, a managed product might be a better fit. Managed products are tailored to fit your unique needs and can help maximize your usage patterns or market-specific opportunities.
Call us today at (888) 601-1789 to find out more about how we can help you create a custom strategy for a reliable energy budget.