Analytics
Analytics SUPPORT ACTIVE MANAGEMENT OF MARKET ENERGY PROCUREMENT AND DELIVER OVERALL SAVINGS WHILE BALANCING BUDGET RISK AND CERTAINTY
Natural gas and electricity are commodities that are traded in financial markets and have seen fluctuations in price of over 100% in the past two years alone. But that price volatility is manageable with the right tools. How do you drive savings and make the most informed decision in the market?
Hospital Energy utilizes state-of-the-art financial analytics, statistical modeling and risk management tools to optimize savings and stabilize budget risk for energy buyers.
Informed by our client’s goals for both low cost and budget stability, Hospital Energy will recommend an energy procurement strategy that best balances our client’s needs. We often recommend building portfolios of fixed price contracts over time to take advantage of “dollar cost averaging.” Our exposure modeling then informs our clients of the current risk to their budget and the range of probable cost outcomes from their current contracts and new ones they may be considering. We do the work and help our clients make quick and informed decisions. On average, our clients report savings of 10% using our techniques.
““Hospital Energy’s financial analytics were the key difference in producing energy savings of $2 million when many institutions were booking significant overruns in their energy budgets. We have been with the Hospital Energy program for many years and they have consistently identified ways for our facilities to save money in good markets and bad.””