Energy procurement jargon: a glossary of terms
Are you a newcomer to procurement? The terminology often used for energy procurement can be different for SMEs compared to larger corporate businesses. This is usually due to the access to fewer resources and expertise in energy procurement than larger businesses. As a result, the language and concepts being used may be simpler when discussing energy procurement.
Nevertheless, the language and terminology relating to energy procurement can be tricky to understand. Therefore, it's important to be aware of the different terminology used so you can communicate effectively with your suppliers and stakeholders. By understanding the jargon, smaller organisations can make better decisions about their energy procurement and save money on their energy bills.
Latest news
The month in energy: August 2024
We’ve cherry picked some of the key news stories coming from the world of net zero and energy from this past month.
Energy market trends: August 2024
Our Head of Markets, Jitesh Panchal breaks down the market factors that have influenced gas and power prices across August, crucial reading for any business exploring energy procurement.
The ABCs of SBTs (science-based targets): Key terms you should know
What are Science-Based Targets (SBTs)? Science-based targets (SBTs) are corporate climate goals that align with the latest climate science. They aim to limit global warming to well below 2°C,...
See how much we could save you
Please call our team on 0345 634 9500 or email us at info@tridentutilities.co.uk.