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ABSTRACT
The nature of how energy business is conducted, promoted and transacted is rapidly evolving as new information and software technologies are applied to the energy industry. This article focuses on the rapid acceleration of e-commerce technology and how it is impacting and will continue to impact all aspects of energy purchasing and management for business buyers and users.
This article is written primarily for those using energy, managing and operating facilities. For these professionals, not only are they being tasked with developing procurement strategies for the ‘new’ era of deregulation, but they continue to operate buildings, upgrade and maintain systems, meet with vendors selling a new variety of ‘bundled’ services while handling business as usual.
Commodity procurement will realize the most significant changes as deregulation matures and technologies are applied. Access to real-time data and pricing will be made easy and convenient and the availability of suppliers to meter data will become common. “B2B” (business-to-business) e-commerce marketplaces and portals will continue to evolve and offer a multitude of energy-related products and services, from which to choose.