Procurement of competitive electric and natural gas supplies has become increasingly complicated with the growth of competitive, regional markets; the treatment of unbundled energy products such as ancillary services and capacity; recognition of demand resources; compliance with renewable energy portfolio standards; and the increased use of financial instruments as a mechanism to hedge price risk. Procuring energy supplies entails careful understanding of when and how much electricity or natural gas would be procured, who will be making the procurements, who will be monitoring the market, and who will be scheduling delivery. Mitigation of price volatility, market timing issues, special supply needs, and regulatory risks must also be factors in the procurement of energy supply services based on the client’s particular requirements and tolerance for risk.

Exeter has considerable experience in providing energy supply procurement consulting services. This experience has been gained from extensive previous work conducted on behalf of large end-use customers and groups of customers.

Exeter has provided electric and natural gas procurement services for

• the U.S. Department of Energy national laboratories
• numerous military installations
• NASA facilities
• state governments

In addition, Exeter has specific expertise in assisting in overseeing the activities of all phases of energy procurement, including

• development of procurement strategies
• preparation of solicitation documents
• evaluation of supply proposals
• negotiation of energy supply contracts
• coordination with scheduling agents and scheduling coordinators
• oversight of supplier billings and performance under the agreements