Energy consulting is a sub-discipline of
environmental consulting
Environmental consulting is often a form of compliance consulting, in which the consultant ensures that the client maintains an appropriate measure of compliance with environmental regulations. There are many types of environmental consultants, bu ...
that focuses on optimizing a
business'
energy usage
Energy consumption is the amount of energy used.
Biology
In the body, energy consumption is part of energy homeostasis. It derived from food energy. Energy consumption in the body is a product of the basal metabolic rate and the physical activity ...
, and provides assistance to the state institutions to adjust its policies according to the anticipations presented. This usually imply not only quantitive changes in the consumption but also diversification towards more ecological sources. Energy consulting is often centered on reducing
operational costs, though this is not always the main goal. With the increasing importance of
corporate social responsibility
Corporate social responsibility (CSR) is a form of international private business self-regulation which aims to contribute to societal goals of a philanthropic, activist, or charitable nature by engaging in or supporting volunteering or ethicall ...
(CSR) in the minds of the general public, enterprise level businesses may contract an energy consultant to include more
environmentally friendly
Environment friendly processes, or environmental-friendly processes (also referred to as eco-friendly, nature-friendly, and green), are sustainability and marketing terms referring to goods and services, laws, guidelines and policies that cl ...
energy sources into their
energy mix
The energy mix is a group of different primary energy sources from which secondary energy for direct use - such as electricity - is produced. Energy mix refers to all direct uses of energy, such as transportation and housing, and should not be c ...
.
With the recent volatility in the
energy industry
The energy industry is the totality of all of the industries involved in the production and sale of energy, including fuel extraction, manufacturing, refining and distribution. Modern society consumes large amounts of fuel, and the energy industr ...
,
energy consulting is quickly becoming a main component of business operations for enterprises worldwide.
Role of hedging and financial analysis
As a result of the volatility in the modern energy industry, many enterprise level businesses are turning to
financial analyst
A financial analyst is a professional, undertaking financial analysis for external or internal clients as a core feature of the job.
The role may specifically be titled securities analyst, research analyst, equity analyst, investment analyst, o ...
s, specifically through the use of
derivatives
The derivative of a function is the rate of change of the function's output relative to its input value.
Derivative may also refer to:
In mathematics and economics
*Brzozowski derivative in the theory of formal languages
*Formal derivative, an ...
and
hedging to minimize exposure to the unstable energy industry.
See also
*
Energy broker
Energy brokers assist clients in procuring electric or natural gas from energy wholesalers/suppliers. Since electricity and natural gas are commodities, prices change daily with the market. It is challenging for most businesses without energy mana ...
*
Consulting firm
A consulting firm or simply consultancy is a professional service firm that provides expertise and specialised labour for a fee, through the use of consultants. Consulting firms may have one employee or thousands; they may consult in a broad ran ...
References
Consulting by type
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