Budgeting & Forecasting

All energy consultants can report on historical pricing data, but forecasting future pricing accurately is where Choice Energy Services separates itself from the competition. Choice Energy Services’ relationship with OTC Global Holding and EOXLive provides access to more trading data than any other energy consulting firm in the industry. Choice closely monitors this price data to identify trends, evaluate market fundamentals and track technical moves in each specific energy commodity market; thus, setting a strong foundation for accurate forecasting results.

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Energy Budgeting

Choice Energy Services develops account specific budgets available for all energy commodities based on its client’s unique reporting requirements. Their budgets accurately project utility cost components, open energy commodity positions and tracks hedge contracts to provide clients with a highly-detailed and accurate energy forecast. In addition, Choice continuously monitors potential regulatory or tax changes that may impact an account and applying these considerations into the budgeting process.

Choice’s layered budgeting approach allows multi-site clients the functionality to dive into their budget anywhere from the detailed account level, up through the site, division and corporate level reporting. Each customer can determine and define their required level of reporting through multiple levels of reporting.

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NYMEX Forecasting

The NYMEX Henry Hub plays a significant role influencing price for both the natural gas and electricity commodity markets. The Risk Management team at Choice Energy Services closely monitors the NYMEX forward curve; evaluating both the technical and fundamental market factors. Choice delivers all pertinent information regarding the NYMEX forward market. Choice has a proven track record in identifying market behavior and mitigating risk for its clients. These forecasts are used by clients to develop accurate energy budgets, setting clear procurement objectives and protecting themselves from volatility in the market.

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