Energy procurement: Energy suppliers are companies that specialize in providing energy to businesses. They usually offer a variety of plans with different rates and terms. This allows you to find the plan that fits your needs. Energy suppliers offer more flexibility than utilities, allowing you to switch providers if you find a better deal.
To run a business, you need energy. That energy can come from different sources, but it’s important to know your options and how to procure the energy you need.
There are three main ways to procure energy for your business. These are through a utility, an energy supplier, or a broker. Each of these methods has its own set of benefits and drawbacks, so it is important to understand the differences before deciding which one is right for you.
Utilities are the traditional way to get energy for your business. Your local utility company will provide you with energy, usually through a regulated tariff. This means that you will be locked into a contract with the utility and won’t be able to switch providers unless you terminate the contract or there is a price increase. Utilities also tend to have higher rates than energy suppliers.