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'''Energy consulting''' is a sub-discipline of [[environmental consulting]] that focuses on optimizing a [[business]]' [[energy usage]], as well as the sources from which the actual [[energy]] is derived. Energy consulting is often centered on reducing [[operating cost|operational cost]]s, though this is not always the main goal. With the increasing importance of [[corporate social responsibility]] (CSR) in the minds of the general public, enterprise level businesses may contract an '''energy consultant''' to include more [[environmentally friendly]] energy sources into their energy mix.
'''Energy consulting''' is a sub-discipline of [[environmental consulting]] that focuses on optimizing a [[business]]' [[energy usage]],<ref>{{Cite web|url=https://naturalgas-electric.com/resources/what-is-an-energy-consultant|title=What is an Energy Consultant?|website=Independent Energy Consultants}}</ref> and provides assistance to the state institutions to adjust its policies according to the anticipations presented. This usually imply not only quantitive changes in the consumption but also diversification towards more ecological sources. Energy consulting is often centered on reducing [[operating cost|operational cost]]s, though this is not always the main goal. With the increasing importance of [[corporate social responsibility]] (CSR) in the minds of the general public, enterprise level businesses may contract an '''energy consultant''' to include more [[environmentally friendly]] energy sources into their [[energy mix]].<ref name="DEC-guide">{{cite web |title=Improving the energy efficiency of our buildings – A guide to display energy certificates and advisory reports for public buildings |url=https://www.gov.uk/government/publications/display-energy-certificates-and-advisory-reports-for-public-buildings |publisher=[[Department for Communities and Local Government]] |accessdate=19 September 2013 |date=December 2012}}</ref><ref>{{cite web |url=http://www.powercall.nl/werken-bij/ |title=Power Call |accessdate=November 5, 2016 |archiveurl=https://web.archive.org/web/20161105225516/http://www.powercall.nl/werken-bij/ |archivedate=November 5, 2016 |url-status=live}}</ref><ref>Former [https://eur-lex.europa.eu/legal-content/EN/ALL/?uri=CELEX:31998L0011 European Commission Directive 98/11/EC of 27 January 1998 implementing Council Directive 92/75/EEC with regard to energy labelling of household lamps], replaced by [https://eur-lex.europa.eu/eli/reg_del/2012/874 European Commission Delegated Regulation (EU) No 874/2012 of 12 July 2012 supplementing Directive 2010/30/EU of the European Parliament and of the Council with regard to energy labelling of electrical lamps and luminaires] (consolidated text)</ref>


With the recent volatility in the [[energy industry]],<ref>http://solution105.com/BlogArticles/blog/default.aspx?id=34&t=Energy-Market-Update-November-2014</ref><ref>http://www.bain.com/publications/articles/power-struggle-making-the-most-of-generation-assets-in-turbulent-times.aspx</ref> energy consulting is quickly becoming a main component of business operations for enterprises worldwide.
With the recent volatility in the [[energy industry]],<ref>{{Cite web |url=http://solution105.com/BlogArticles/blog/default.aspx?id=34&t=Energy-Market-Update-November-2014 |title=S105 Articles : Energy Market Update - November 2014 |access-date=2015-01-30 |archive-url=https://web.archive.org/web/20150131002327/http://solution105.com/BlogArticles/blog/default.aspx?id=34&t=Energy-Market-Update-November-2014 |archive-date=2015-01-31 |url-status=dead}}</ref><ref>{{Cite web|url=http://www.bain.com/publications/articles/power-struggle-making-the-most-of-generation-assets-in-turbulent-times.aspx|title=Power Struggle: Making the Most of Generation Assets in Turbulent Times|date=27 August 2014}}</ref> energy consulting is quickly becoming a main component of business operations for enterprises worldwide.


== Role of hedging and financial analysis ==
== Role of hedging and financial analysis ==
As a result of the volatility in the modern energy industry, many enterprise level businesses are turning to [[financial analyst]]s, specifically through the use of [[derivative (finance)|derivatives]] and [[Hedge (finance)|hedging]] to minimize exposure to the unstable energy industry.
As a result of the volatility in the modern energy industry, many enterprise level businesses are turning to [[financial analyst]]s, specifically through the use of [[derivative (finance)|derivatives]] and [[Hedge (finance)|hedging]] to minimize exposure to the unstable energy industry.

== See also ==
* [[Energy broker]]
* [[Consulting firm]]


==References==
==References==
{{Reflist}}
{{Reflist}}


[[Category:Business terms]]
[[Category:Energy consultancies| ]]
[[Category:Consulting by type]]



{{business-term-stub}}
{{business-term-stub}}

Latest revision as of 20:11, 10 July 2023

Energy consulting is a sub-discipline of environmental consulting that focuses on optimizing a business' energy usage,[1] and provides assistance to the state institutions to adjust its policies according to the anticipations presented. This usually imply not only quantitive changes in the consumption but also diversification towards more ecological sources. Energy consulting is often centered on reducing operational costs, though this is not always the main goal. With the increasing importance of corporate social responsibility (CSR) in the minds of the general public, enterprise level businesses may contract an energy consultant to include more environmentally friendly energy sources into their energy mix.[2][3][4]

With the recent volatility in the energy industry,[5][6] energy consulting is quickly becoming a main component of business operations for enterprises worldwide.

Role of hedging and financial analysis

[edit]

As a result of the volatility in the modern energy industry, many enterprise level businesses are turning to financial analysts, specifically through the use of derivatives and hedging to minimize exposure to the unstable energy industry.

See also

[edit]

References

[edit]
  1. ^ "What is an Energy Consultant?". Independent Energy Consultants.
  2. ^ "Improving the energy efficiency of our buildings – A guide to display energy certificates and advisory reports for public buildings". Department for Communities and Local Government. December 2012. Retrieved 19 September 2013.
  3. ^ "Power Call". Archived from the original on November 5, 2016. Retrieved November 5, 2016.
  4. ^ Former European Commission Directive 98/11/EC of 27 January 1998 implementing Council Directive 92/75/EEC with regard to energy labelling of household lamps, replaced by European Commission Delegated Regulation (EU) No 874/2012 of 12 July 2012 supplementing Directive 2010/30/EU of the European Parliament and of the Council with regard to energy labelling of electrical lamps and luminaires (consolidated text)
  5. ^ "S105 Articles : Energy Market Update - November 2014". Archived from the original on 2015-01-31. Retrieved 2015-01-30.
  6. ^ "Power Struggle: Making the Most of Generation Assets in Turbulent Times". 27 August 2014.
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