What Advice Would You Give to Other Off-Takers?
CFE had an energy monopoly for almost 80 years, meaning companies gave little thought to energy supply because there was effectively only one choice. The market’s liberalization has increased the number of options for off-takers, a development received with open arms by the industry but also with some confusion as the number of previously unheard-of options grows.
Inexperienced SMEs and local companies tend to be the most cautious, waiting until other companies jump into the complex waters of energy purchasing before following with their own strategies. Here, three Mexican companies share their advice for other off-takers that are currently analyzing the best strategies to decrease their energy costs
Marco Ribera
We recommend other off-takers use a multidisciplinary team with the ability to analyze the energy market from different angles, including financial, legal and operational issues. We also recommend being open to all the possibilities offered by the market so they can analyze and find the most suitable option. Most companies are not used to comparing when they select alternative energy supplies because we had a monopolistic market before. But companies should not be afraid of seeking advice on energy matters from professionals in the area so they can expand their possibilities. Benchmarking other companies’ strategies is also a useful activity, even if they belong to a different sector. For us, the most useful strategy at the moment is to stay updated about the market’s evolution and the new options available.
Francisco Con
Consumers today are facing more supply options than ever. My advice to those entering the market would be to first reflect on the nature of their goods and services and how that translates to their electric costs. Secondly, identify the benchmarks against which they will compare their alternatives and finally, access the market and reach a decision. This is not an easy task because short- term price signals rarely are meaningful for decisions with a longer-term impact. It is also essential to look for proven, competent counterparts that can deliver on their promises.
Julio Santos
The Ministry of Energy has shown willingness to help private companies navigate the new energy landscape. We found it highly useful to be part of PRONASGEn because it allowed us to improve our energy management greatly and reducing our energy costs considerably in our pasta manufacturing plant. This program is supported by German and Danish agencies and it also addresses SMEs, not only large companies like Grupo Herdez. By participating in PRONASGEn, companies can get free consultancy services and bring experts into their plants to help them improve their energy management. Mexico is currently receiving a lot of international attention and support regarding its energy sector so it is the perfect time for private companies to grab these opportunities and improve their energy usage.
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