Hungary had by far the highest electricity prices in the EU for medium and large business consumers in the first half of 2023, and gas prices were also particularly high in several consumer bands. This has created a significant cost competitiveness disadvantage for many firms, so it remains crucial to discuss the opportunities for companies to procure electricity and gas, the contractual frameworks, their potential risks, and the likely evolution of energy prices and hedging strategies.
The cheapest energy is the energy that is not consumed so there is no need to produce or buy it – which is why energy consciousness should also be about how companies can reduce their energy use through energy efficiency investments and optimise it through digitalisation and smart solutions. However, conscious corporate energy management is about much more than that, as it takes a comprehensive look at the many issues of energy production, use, and procurement, all of which will be discussed at our event.
How will the company's energy use change in the coming years and how will its short-term customer profile evolve in light of energy efficiency investments? How should you plan to meet your company's energy needs from your own solar generation with storage, and how should you purchase the remaining demand and sell the excess energy? How can energy communities and aggregators help in dealing with these possibilities and risks? What are the consequences and benefits of optimising energy use and demand-side response? When purchasing energy, should you conclude a fixed-price, indexed, or maybe mixed-price electricity and gas contract, and what payment and delivery terms should you pay attention to? For whom and under which circumstances is it better to conclude a short-term or a long-term power purchase contract? How can renewable energy investments and guarantees of origin help to achieve greening targets and meet customer needs, and what should be done to avoid greenwashing?
There are many burning questions, the answers to which will bring us closer to optimising energy procurement and use, and achieving conscious energy management. Our professional conference aims to help with this by presenting practical experiences.
