In a very turbulent energy market, Assured Energy will analyse various parts of a client's energy usage and bill to determine the best contract option for that client. This ensures that the contract type best matches the energy consumption of the business to make sure they do not overpay. Below is a quick overview of the process which Assured Energy uses to find the best energy contracts for our clients.
Gather Data on Client's Energy Usage
To identify energy efficiency opportunities, it is essential to gather data on a client's energy usage. This data can be collected through the client's energy bills or by installing energy monitoring equipment. The data collected should cover the client's energy usage over a reasonable period, such as a year, and should include information on the client's peak energy demand and typical energy usage throughout the day.
Analyse Energy Consumption Patterns
Once the data on energy usage has been collected, the next step is to analyse the consumption patterns. This analysis will help identify opportunities for energy efficiency improvements, such as reducing energy waste and optimizing energy usage during peak demand periods.
Determine the Client's Energy Needs
Understanding the client's energy needs is crucial to selecting the right contract option. This includes identifying the client's peak energy demand, which is the maximum amount of energy the client needs at any given time, and their typical energy usage throughout the day, which can vary depending on the client's operations and business model.
Identify Available Contract Options
There are several contract options available for clients, including fixed-price, index-linked, and variable rate contracts. Fixed-price contracts provide a set price for energy throughout the contract period, while index-linked contracts are linked to energy market indices. Variable rate contracts, on the other hand, provide energy at a rate that varies based on market conditions.
Compare and Evaluate Contract Options
After identifying the available contract options, the next step is to compare and evaluate them based on pricing, contract terms, and other factors. This analysis will help determine which contract option best fits the client's energy needs, risk appetite, and budget.
Select the Best Contract Option
Once the contract options have been compared and evaluated, the best option can be selected based on the client's energy needs, risk appetite, and budget. It is essential to consider the long-term implications of the chosen contract option, including its impact on the client's energy costs over time.
Monitor and Optimize Energy Usage
Finally, it is crucial to monitor and optimize energy usage to ensure the client is maximizing the benefits of their chosen contract option and minimizing their energy costs over the long term. This includes ongoing energy management and monitoring to identify and address any issues that may arise. Additionally, it may involve implementing energy efficiency measures to reduce energy usage and costs over time.
In summary, Assured Energy gather data on a client's energy usage, analyse energy consumption patterns, determine the client's energy needs, identify available contract options, compare, and evaluate contract options, select the best contract option, and monitor and optimize energy usage to ensure clients are maximizing the benefits of their chosen contract option and minimizing their energy costs over the long term.
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