Image: An excerpt of the Energy Falcon® tool
Live Energy Forecasting
What is it?
With the growing importance to understand and review live energy forecasts, Nationwide Utilities have designed and introduced a tool which marries together with Strategic Procurement to present timely energy data. It provides live data for the following information: Market, Demand, Weather & TRIAD.
The tool displays timely prices which predicts the cost of energy in a given time and can present data for up to 24 months. So, when there is an upcoming renewal, the data sourced from our partners provides an instant and accurate indication of the energy prices. Hence, businesses are empowered to make well-informed and strategic decisions for their organisation in regard to utilities.
How does it work?
The tool is used in-house by our Energy Analysts and Energy Brokers, which then provide their clients with live energy data and reports. These are sent directly to clients which can be accessed via a website link or a PDF.
Our specialist Energy Analysts work with businesses to set targets and limits for energy purchasing based on their requirements. Setting a cap and collar provides businesses with the flexibility and security to secure contracts at a price that is fitting with the business’s level of energy risk.