Energy Procurement Program Outline
Energy Finish Line, LLC is the PRES Services subsidiary dedicated to provision of energy procurement services. A full-service procurement engagement with Energy Finish Line for a multi-state, multi-facility operation will typically encompass most of the elements outlined below.
| Service | Service Activities/Elements |
|---|---|
|
1. Contract Review
Goals: • Reduce penalties, late fee rates, and burdensome provisions on buyer • Increase contract value and flexibility | Contract review |
| Standardization of certain clauses per business requirements: assignment, payment, liability, late fees | |
| Highlight elements that influence contract value | |
| Simplification: Ts & Cs, Confirmations/sales sheets | |
| Addendums | |
|
2. Supplier Qualifications/Management
Goals: • Avoid financially unstable or incompetent companies | Supplier Reputation |
| Supplier Representative capability | |
| Supplier Pricing backroom | |
| Supplier Billing system | |
| Supplier Documentation and Market knowledge | |
| Market information | |
| Responsiveness to billing issues | |
|
3. RFP Development/Process
Goals: • Max. supplier participation/respon-sive price offers • Fair to suppliers increases client value | Narrative |
| Write Price requirement/spec. | |
| Collect consumption history | |
| Utility LOA | |
| Bid Form | |
| Bid Registration Form | |
| Bid Summary | |
| Post-bid supplier communication | |
| Bill review | |
|
4. Market Monitoring
Goals: • Increase client expertise and market knowledge • Reduce client labor costs | Market information scan, review |
| Periodic summary | |
| Provide context for procurement decision-making | |
| Build client market knowledge | |
| Research and report market opportunities to management | |
| Monitor and research rate tariffs and standard offers | |
| Utility communications | |
|
5. Portfolio risk management
Goals: • Reduce risk • Control volatility • Reduce/control costs |
Design portfolio - create buying groups: - Stagger buys - Vary price products - Vary terms |
| Bid loads | |
| Manage and extend terms | |
| Expedite execution decisions | |
| Counsel and coordinate with corporate buyer | |
| Respond to service calls/issues | |
|
6. Budget Assistance/Support
Goal: • Save client budget makers time and resources | Review bill management options |
| Establish/management bill management system (BMS) (optional) | |
| Provide historical consumption and budget estimates (using BMS or alternative) | |
| Develop new forecasts | |
| Develop forecast assumptions | |
| Research market opportunities | |
|
7. Reporting
Goals: • Customize client reports/reporting • Save client time | Bid summaries |
| Contract docs | |
| Budget performance/forecasts | |
| Price performance reports (savings) vs. baselines | |
| Portfolio overviews and snapshots for management | |
| Market reports and strategy |