Procurement Strategies
FEC offers a better energy solution for the procurement of electricity and natural gas for commercial and industrial businesses.
Retail Electricity Procurement
FEC offers a number of advantages to commercial and industrial businesses in the procurement of electricity, including:
- Identify and evaluate qualified suppliers by market area
- Create and distribute RFQs to qualified suppliers
- Oversee supplier responses/offers to assure full compliance of pre-negotiated contract terms/conditions stipulations based on customer’s facility requirement
- Perform due diligence on behalf of a client relative to project development site selection analysis, utility cost projections, and supplier financial performance comparisons, reliability studies, etc.
- In regulated service regions, FEC will review all retail and regulated natural gas and electric utility tariffs to assure the very best positioning.
- Provide annual aggregated cost and usage history graphs and trend projections
Retail Natural Gas Procurement
In addition to providing electricity procurement solution, FEC offers a number of advantages to commercial and industrial businesses in the procurement of natural gas, including:
- Extensive experience and strong industry contacts with the ability to formulate and implement a natural gas strategy that will allow the company to make sound business judgments and execute strategic decisions to meet both current and future objectives.
- Customer portfolio comprised of small, midsize and large producers covering interstate and intrastate pipelines across all regions including GOM, Texas intrastate, Mid-Continent, Rockies/West and NE/Marcellus
- Increase value in a cost-effective manner by providing gas marketing services and risk managements products
- Negotiate both long- and short-term contracts with end users, producers and marketing companies for sales, purchases, transports and storage services in the Interstate and Intrastate market areas
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Delivery Infrastructure Design & Consulting
Delivery infrastructure includes any element of a facility associated with the layout and installation of services necessary to meet the client’s requirements for electrical or natural gas supply. FEC engages with the supplying utility(s) to ensure that the client gains expedient access to the utility’s system for its required level of energy services, and at an industry-acceptable cost.
Electrical infrastructure powers any and every commercial building. Integrating complex electrical elements into the construction process plays a critical role in meeting the future needs of the facility.
No matter the size, capacity or intended function of your new or expanding commercial/industrial project, FEC offers the experience and expertise to manage the coordination, installation, and cost of energy delivery infrastructure into your project/facility.
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Daily Market Trends & Dynamics
Daily market trends in the electricity and natural gas energy markets are influenced by supply and demand, weather patterns, geopolitical events, and government policies. Prices can fluctuate rapidly based on these factors, making it challenging for market participants to manage risk and plan for the future. FEC monitors the global energy markets and provides clients with insight and advice.
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Supplier Contract Negotiations
Frontier Energy Consultants can help businesses negotiate better energy supply contracts by providing expert knowledge and analysis of energy markets, supplier terms, and pricing structures. This can lead to cost savings, risk reduction, and increased transparency in contract terms and conditions.
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Financial Risk Management
Frontier Energy Consultants helps businesses manage financial risk when procuring energy by providing hedging strategies and risk management solutions. This includes tactics like forward contracts, futures contracts, and options to mitigate price volatility and ensure budget certainty.
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Contract Design & Terms Negotiation
Frontier Energy Consultants designs and negotiates energy procurement contracts tailored to meet the specific needs of commercial and industrial businesses. By leveraging our deep knowledge of energy markets, supplier terms, and pricing structures, we help businesses achieve cost savings, risk mitigation, and improved contract terms and conditions. This leads to greater transparency and control over energy spending, as well as increased operational efficiency and competitiveness.
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Supplier Contract Adherence & Performance
Frontier Energy Consultants can help businesses monitor and enforce supplier contract adherence and performance to ensure that energy procurement contracts are being executed in accordance with agreed-upon terms and conditions. This can lead to improved supplier relationships, better cost management, and greater transparency in energy spending.
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Demand Response Programs
Frontier Energy Consultants can work with clients to establish a demand response program. These arrangements help businesses reduce their energy usage during periods of high demand, which can lead to lower energy costs and improved grid stability. This can also provide opportunities for businesses to earn payments or incentives for participating in these programs, further reducing energy costs and providing additional revenue streams.
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Account Management & Dispute Resolution
Frontier Energy Consultants provides businesses with experienced and expert account management and dispute resolution services to ensure that energy procurement contracts and programs are managed effectively and disputes are resolved in a timely and cost-effective manner. This leads to improved supplier relationships, reduced costs, and greater transparency and control over energy spending.
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Energy Efficiency Consulting
Frontier Energy Consultants helps businesses identify and implement energy efficiency measures to reduce energy consumption and costs. By conducting energy audits and assessments, FEC identifies areas of improvement and provides recommendations for energy-efficient technologies, practices, and processes. This leads to cost savings, improved environmental performance, and enhanced reputation for sustainability. Frontier Energy Consultants also provides project management services to oversee the implementation of energy efficiency measures.
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Regulatory Monitoring
Frontier Energy Consultants helps businesses monitor and navigate the complex regulatory landscape of the energy industry, including compliance with federal, state, and local regulations. By staying up-to-date on regulatory changes and requirements, FEC provides businesses with relevant and timely advice and guidance to ensure compliance, reduce risks, and maximize opportunities.
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Energy Consumption Monitoring and Reporting
Frontier Energy Consultants help businesses monitor and report on their energy consumption, providing insights into usage patterns and identifying areas for improvement. This helps businesses optimize their energy usage, reduce costs, and improve sustainability. Accurate and transparent energy reporting can also enhance stakeholder engagement, improve compliance, and support sustainability reporting and disclosure efforts.
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Utility Data Storage
Utility data storage is a process that helps businesses collect, store, and analyze energy usage data from multiple sources, providing insights into usage patterns, costs, and opportunities for optimization. This can support more informed and strategic energy procurement decisions, such as negotiating better contract terms and pricing, selecting suppliers with the most competitive rates, and optimizing energy usage to reduce costs and improve sustainability. It also helps businesses comply with reporting requirements and support sustainability reporting and disclosure efforts.
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Energy Budgeting & Forecasting
Frontier Energy Consultants helps businesses develop accurate and reliable energy budgets and forecasts based on historical usage data, market trends, and other relevant factors. This provides businesses with greater visibility and control over energy spending, enabling more effective cost management and risk mitigation. Accurate budgeting and forecasting can also support long-term strategic planning, facilitate stakeholder engagement and transparency, and improve compliance with reporting requirements.
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Additional Services
- Power Factor Correction
- Meter Addition or Deletion
- Monthly Invoice Audits (fee based)
- Dispute Resolution (Client)
- Energy Efficiency Resources
- Budget Forecasting
- Acquisition & Merger Due Diligence