It is no secret that energy is an expensive part of doing business. However, with the right plan and approach, you can make your energy spend work for you. Keep reading for 5 tips on how to get your team to agree to an updated energy plan.
1. Emphasize proactive buying – Energy pricing changes based on when you buy it. For example, energy costs in the summer are much higher than they are in the winter based on historical data. If you buy your energy contract in the summer, then you pay much more per KWH than you would if you purchased it in the winter. However, proactive energy purchasers buy energy as far out as possible, 1-5 years if you can afford to do so. By showing your team the savings in costs, you can tip them in favor of your energy strategy plan. This is especially true if you show them how that savings can improve company growth and dividends.
2. Show them the impact of a consultant – Consultants are a wealth of knowledge. Establish a good relationship with your consultant as a benefit to your company, they will develop an in-depth understanding of your company’s specific energy needs and goals. Not all consultants work that closely with companies, but make sure yours will. With improved data, you can show why this investment is important and how it benefits the company.
3. Reference usage data to make your point – Usage history is important if your company plans on growing. Growth requires increased energy spend. Show how much energy the company is using, what you are doing to curb energy consumption, and how both of those impact company growth and profits is a perfect way to sell them on investing in your energy strategy plan.
4. Use market data to show historical trends and pricing – A subset of your relationship with your consultant is access to market data, especially for historical trends, since these are key insights to what is the driving force behind the changes in energy prices. They are the ones who work in this market and they will know what to look for. Partnering with a consultant gives you access to the platforms they use for tracking and data, and their expert analysis of it as it pertains to your needs.
5. Anticipated weather patterns and their effect on pricing – Weather plays a huge role in how much energy costs. Hot weather makes it more difficult to create energy and that drives up the cost. In the colder months, it is easier to create energy and consumption is down. However, the daily weather is just one factor. Major weather systems that can disrupt power or energy productions are another factor that can drive up the daily cost of energy. Showing your team what is expected in the weather can also help them rally behind your energy purchasing strategy; especially if you show them how much your plan can save the company if the weather predictions for as short as the next two weeks occurs as forecasted.
A comprehensive energy strategy is critical to accomplishing your company’s energy goals. It’s important to get your team on board. Contact an Infinity Power Partners consultant for more inside tips and advice on how to sell your energy plan internally.`