Simplifying energy management, amplifying opportunity, and creating value.
Whether you are responsible for meeting the energy needs of a single site or multiple facilities, managing energy is getting more complicated. At World Energy, we understand this and are doing something about it.
E = P • Q – i
(Total Energy Cost = Price times Quantity minus Incentives)
In conjunction with this essential framework, World Energy supplies the full range of services customers need to make this equation work for them, tools and approaches that can lower energy prices (P), curb consumption (Q) and/or increase incentive program payments (i). Together these services work in tandem to help customers proactively manage energy to reduce their overall spend, advance business goals and, ultimately, move beyond fighting their energy battles to winning the war.
World Energy is one of the only energy management firms looking at the cost of energy in this way, focusing on the global optimum rather than the local optima of price, quantity and incentives in isolation. This is an important distinction, because many providers focus on only one variable in the total energy cost equation at the expense of the others, which can ultimately cost you money.
For example, procurement-only firms try to get your commodity at a lower price, but are in a position to lose revenue as you use less of it; energy services companies (ESCOs) benefit when you are paying a high price for energy, because it makes the return on investment of their projects look more compelling; and demand response companies profit from the inefficiency of your facilities, since the more “load” you can shed, the more money they can make from your DR participation. World Energy frees you from this “tunnel vision” and its inherent conflicts, providing a path to total energy savings across price, quantity and incentives that best serves your needs, not those of a service provider.
To attain this global optimum, World Energy applies a holistic approach that encompasses the Seven Levers of Energy Management™. This ensures energy decisions are not made in a vacuum, but rather optimized within the context of business goals, market realities and evolving opportunities. The Seven Levers are:
- Planning – Assess context, review goals, set priorities, plan action.
- Sourcing – Procure what you need at the best available price.
- Risk Management – Protect yourself from price volatility.
- Efficiency – Modernize to improve the bottom line.
- Sustainability – Favor green options when it makes sense.
- Incentives – Maximize income opportunities like demand response.
- Monitoring – Manage data to drive decisions and inform Planning.
We believe mastering the Seven Levers – and the interplay among them – is the key to managing energy more strategically.