Over the past few years fluctuations in the price of energy have become more extreme. As global demand continues to expand and supplies become tighter this trend toward greater volatility will continue to gather momentum. A consequence the process of budgeting and managing energy costs will become even more challenging in the future.
We at NUS Consulting understand that this situation presents a major concern to our clients and have developed a service to assist them in managing this growing threat to their profitability.
Risk Management Process
Our risk management service begins with an assessment of a client’s overall exposure to the energy markets as well as their tolerance for price volatility. Thereafter, we review these factors against our short and long term energy pricing forecast in order to development a strategic procurement program specifically tailored to meet the client’s particular requirements.
As part of our service NUS Consulting Group will implement the agreed strategic procurement program and undertake regular review meetings to assess agreed tolerance bands (as well as other purchasing trigger points) and energy forecast revisions.