Leading energy retailers are being proactive by offering compelling solutions to retain customers. TL;DR Energy retailers face growing competition, a crowded ecosystem, and high customer churn. Retaining customers means providing them with a suite of innovative solutions to help them manage their energy consumption. Retailers can’t do it all by themselves — they need to
World events, policy changes, and dropping domestic energy production has led to the fastest growth in residential electricity rates since 2008. If this trend is consistent with previous inflationary periods, this may be just the beginning of a prolonged period of rising home electricity costs and living expenses. So what does this mean for retail
As a Retail Energy Provider, Are You Ready for Energy (Hyper) Inflation? - Read more
It is no secret that in 2022, the U.S. retail energy landscape is more crowded than ever. As many markets across the U.S. continue to move toward energy deregulation, an increasing number of residential consumers now have added power and choice when it comes to selecting their energy provider. With nearly 60% of deregulated households
Going the Extra Mile: How to Stand Out in a Highly Competitive Energy Market - Read more
Cloud-Native is an approach to software development based on cloud computing to make applications scalable and resilient in the face of rapid change. Cloud-Native applications are designed for elasticity, supporting a continuous delivery process that puts agility first. A well-designed Cloud Native application will scale up and down automatically, adapt to cloud provider conditions, utilize
As we move into 2022, Merger and Acquisition Activity in the energy industry is at record levels and is predicted to grow significantly in the coming years, according to a recent study by Ernst and Young. Merger and Acquisition will be one of the major sources of competitive advantage and long-term profitability, and it will
Mergers and Acquisitions Are Risky Business for Technology Investment - Read more
It was exactly a year ago this month that Texas experienced a power grid fallout due to severe winter weather – a total anomaly in the history of the state. Even though the Texas fallout wasn’t the first time we’ve seen weather anomalies cripple the power grid and spell financial doom for organizations that were
The Texas Power Grid Fallout: View from a Risk Manager - Read more
How Probable is it That Your Load Forecast is Wrong? The past cold snap in Texas brought back a few memories of the winter and summer black swan events in ERCOT the past couple of years. The importance of weather norms and accurate forecasts are critical to the energy industry and energy suppliers have their
Weather Forecast Accuracy, the Ever-Present Challenge for Suppliers - Read more
One year ago, Winter Storm Uri caused catastrophic damage to Texas resulting in power loss for more than 4.5 million people and roughly 57 people died from hypothermia.1 The record-setting storm plunged the state into below-freezing temperatures for over a week. It’s estimated the economic toll Texas sustained ranged from $80-$130 billion due to power
Keeping the Lights On Isn’t Only ERCOT’s Responsibility - Read more
Photo courtesy of Weather.com In February 2021, a large portion of the United States was impacted by Winter Storm Uri which brought snow, ice and punishing cold to the center of the country, triggering electricity and natural gas price spikes across a number of states. The public narrative after Winter Storm Uri has generally been
The ongoing global energy transition is, in its simplest form, a fundamental evolution in the way we produce, transport, store, and consume energy across the entire energy value chain. This transition is focused on the reduction of greenhouse gas (GHG) emissions to reduce climate change and is being driven by an evolving mix of institutional
FINDING THE RIGHT PATH FORWARD FOR ENERGY TRANSITION - Read more
