IBISWorld Offers Natural Gas Procurement Guide
Business intelligence firm IBISWorld released a report last week intended to give natural gas leverage in negotiations with suppliers. The report provides benchmark prices, 3-year price forecasts, supplier intelligence, RFP negotiation guidance, supply chain analysis, and a sample decision scorecard.
The report suggests buyers have low negotiating leverage. It suggests that this stems from customers’ limited ability to use substitute products for most applications (power, heating, cooking, industrial uses, fertilizers, and transportation) without incurring substantial switching costs. Furthermore, major natural gas providers can monopolize entire regions. Direct pipeline delivery can help mitigate these costs. Low-volume buyers tend to pay more per unit of gas. Finally, it recommends entering long-term, fixed-price contracts to lock in low prices and hedge against future increases.
- 2015 Insider Knowledge
- Advanced Rooftop-Unit Control (ARC) Retrofits: Field Demonstrations Validate Energy Savings
- Improve Occupant Comfort & Reduce Energy Costs Through Humidity Control
- The Corporate Sustainability Professional's Guide to Better Data Management
- 2016 Energy and Sustainability Predictions Findings from Facilities Professionals
- eBook: Five Key Considerations for Integrating Renewables into Your Procurement Strategy
- 10 Tactics of Successful Energy Managers
- How the IoT is Reshaping Building Automation
- Increase the Value of Demand Response Through Automation
- Energy Manager Today Awards Top Products and Top Projects of the Year