ePoint: your flexible and transparent energy data management tool

Managing your energy data: ePoint

As an energy entrepreneur, you want to be sure that your decisions are supported by sound energy data management. However, the amount of data you need to collect, store and interpret for buying energy is enormous:

  • Your energy contracts contain a multitude of parameters and formulas.

  • If you have implemented advanced energy price management techniques, you’ll have different price fixing or unfixing confirmation.

  • Each month you receive invoices that also contain a multitude of parameters.

  • You might be collecting metering data as part of your efforts to better understand how you consume energy.

  • You need to keep track of overarching information, such as market developments or regulations.

Keeping track of all this information can be a difficult and time-consuming task, especially when your organisation has many different production sites. This is time that you would rather spend on taking decisions.

80% of the large international companies that we talk to are incapable of saying how much they consume and/or the level of their energy spend. How about you? And if the answer is yes, are you able to keep this information up to date? If so, is it presented in a format that is responsive all internal stakeholder needs? How often do you have to crunch the numbers yourself in an excel spreadsheet when asked for specific information? And are you sure your reporting tools are not dictating the way you buy energy? And all those shiny reports that your system generates, do you really use them? Do they really bring an added value?

"ePoint is my ‘go to’ solution for day-to-day energy management needs. Whether it’s looking up current intraday pricing, checking the validity of a contract or quickly verifying how many price fixings I have left open for my sites, ePoint provides me with a quick and easy way to access my information. An added advantage is that ePoint allows me to access important data while I am out of the office, from anywhere in the world, ePoint is an indispensable tool to help me successfully execute our Energy procurement strategy."

- Daniel Wade, Purchasing Manager, Federal Mogul -

The challenges of energy data management

Why would you spend your valuable time chasing suppliers for that March invoice or price fixing confirmation? Why would you create a data management solution yourself when pre-made packages already exist? There are many, many reasons for outsourcing your energy data management.

When you decide to outsource, you better avoid using energy suppliers’ systems. They make you dependent on them as a supplier, complicating an eventual switch in suppliers. Moreover, international companies deal with a multitude of suppliers, making it difficult to generate information on a portfolio-wide level. Therefore, it is in your interest to look for an independent provider of energy data management services such as E&C.

The system you choose better have the following features:

  • Flexibility. Gathering information in a format that is easily digested by yourself and your stakeholders is crucial. Don’t settle for standardized reports that don’t fit your needs and don’t let your reporting tool pose constraints on the way you buy your energy.

  • Transparency. Make sure that the data you receive is transparent and includes all relevant calculations. Avoid opaque solution that might look good on the outside, but which give you no insight into how your data is processed.

 

What can ePoint do for you?

As an entrepreneurial company, E&C values the importance of a sound, pragmatic data management solution. One of our motto’s is: Share. Think. Act. Sharing information is the starting point for any consultancy service. That being said, we are not a consultancy that will overload you with glossy reports in order to mask a lack in added value.

E&C has developed ePoint, the most flexible and transparent energy data management solution in the market. It's not just another one of those energy management systems but an advanced application of SQL-server, excel and sharepoint technology.

On your personal ePoint site, you will find the following information:

  1. Document libraries holding all your contracts, price fixation orders/confirmations, invoices, meter readings, suppliers offers, price fixing quotes, etc. All of the documents are easily downloadable (standard copy & paste).
  2. Tables and graphs that provide insight into the state of your global portfolio:
    • Contract overview.
    • Risk management information such as budget-at-risk calculations or price fixing orders.
    • Performance overviews that show you the moments of price fixing and unfixing and how they perform against the market.
    • Information on the markets in which you buy energy.
    • Information regarding the regulatory framework in the countries in which you buy energy.
    • All information from the energy controlling activities.
  3. All the excel documents that are used for generating the information, with all formulas still included.

If we need to start from scratch, we have good templates for getting the data management process under way. If you already have data management systems or internal spreadsheets in place, we can easily integrate them in our ePoint system and continue to produce reports in a format that you and your internal stakeholders are used to.

Click here for more information on ePoint, the data management system that combines style & substance.

We love sharing our knowledge

Keep up to date with E&C