Energy Procurement
Energy procurement is the process of sourcing and purchasing electricity, gas, or other energy supplies, including tariff selection, contract negotiation, and supplier management.
Definition
Energy procurement covers how an organisation sources its energy supply — choosing suppliers, negotiating contracts and tariff structures, timing purchases relative to market pricing, and increasingly, sourcing renewable energy through PPAs or green tariffs. Procurement decisions directly affect both cost exposure and Scope 2 emissions.
Why It Matters
Procurement decisions — fixed versus variable rates, contract timing, renewable sourcing — can materially affect both cost volatility and emissions figures, independent of any change in actual consumption.
How ecolyptus Helps
ecolyptus's consumption and forecasting data supports more informed procurement decisions, such as anticipating future usage volumes ahead of contract renewal.