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energy procurement

Opinion

Standing still is a risky business – even in procurement

Shrouded by opaque, inefficient and antiquated processes, the energy sector has long called for innovation to disrupt the status quo. But lacking in know-how and resources, businesses have stayed on the same procurement track, defaulting to traditional but costly methods of buying and managing their commercial energy. Till now, brokers have held all the aces in the pack, but the rise of young, disruptive companies that are harnessing technology to drive change is slowly shifting the balance. Bold and determined, these disruptors-with-a-conscience, have beefed up the competition and positioned the energy procurement sector on the precipice of a new era. Jonathan Anstey, Head of Partnerships at Open Energy Market, shares his insight on why standing still will be a risky business. Taking a birds-eye view of the state of innovation across the commercial energy sector, it’s easy to identify a clear difference between efficiency and procurement. In terms of efficiency and incentivising organisations to reduce their consumption of energy, innovation is pretty well advanced, though there’s always room for improvement.