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Tool offers integrated dashboard for reviewing and managing renewables power supply deals Management consultancy Baringa has launched software that allows energy users to view their entire energy portfolio and make renewables power purchasing decisions. Energy Source, Baringa’s first licensable software, allows large corporations to evaluate power purchase agreements (PPAs). It also considers their demand profile, helping them better understand their overall portfolio position. This allows companies to make decisions, understand risk, calculate insights and report them to key stakeholders, and to save money through data that would previously have been complex and disconnected. Henning Bottger, a partner at Baringa, said: “Large firms have been setting decarbonisation targets, but this is the easy part – the hard challenge is decarbonising their electricity to meet those targets. “One of the largest levers companies can pull are PPAs – but typically information about PPAs exists on different spreadsheets in different geographies, sometimes on the servers of different suppliers. “This lack of joined up data can lead to inefficiency in decarbonisation, and potentially to millions being wasted through poor allocation of resources. “Energy Source exists to correct this. “With one view of all Power Purchase Agreements, including all the demand and price modelling companies can need, companies can take better decisions about their electricity, saving money and carbon.” Available as a web application, Energy Source provides valuation of power purchase agreements, analysis and decision-making of current and future contracts, and reporting and audit of this information. It supports customers from initial development of energy procurement strategy, through to assessing offers during tender processes, and finally to managing the company’s portfolio on an ongoing basis. |
