In many organizations energy spend management is often an overlooked area when seeking savings. However, with global demand for energy increasing and energy resources diminishing, most companies today are experiencing increasing energy costs. Internally, most management attention is directed toward the demand side and invoices are typically processed by accounts payable departments without any meaningful review or verification. This creates inefficiencies that go unnoticed, which could result in millions of dollars lost.
Cost Management Group’s Energy Solutions Group consists of experienced energy professionals whose unique talent and proprietary tools provide our clients with "Best in Class" solutions specifically designed to manage and reduce their energy costs. They possess a thorough understanding of global energy markets, suppliers, pricing drivers, purchasing structures and regulations.
CMG’s Energy Solutions Group will implement a customized solution to help you reduce, optimize, and manage your energy spend. We focus on four key areas when formulating an energy cost reduction solution.
CMG's Energy Solutions Group works to understand the actual costs associated with the delivery of a client's electricity and gas supplies and the options available for alternate supplies.
A unique characteristic of the utility industry is that suppliers are not required to offer consumers the best rate or tariff option available. Consumers are responsible for analyzing each of the supplier's different rate offerings and determining the best one for their particular situation. As anticipated by suppliers, most organizations fail to undertake regular utility rate reviews and, consequently, typically pay more than they should. Our supply optimization program is designed to eliminate this risk of overpayment.