ENGIE Resources, a prominent commercial electricity provider and America’s Energy Greentailer™, partnered with Energy Research Consulting Group (ERCG) to release the second annual North American Business Energy Census.
This comprehensive report provides valuable insights from over 100 aggregators, brokers, and consultants (ABCs), representing approximately 1.07 million end-use customer locations. This reinforces ENGIE Resources’ position as a leader in the renewable energy sector.
Empowering Businesses with Actionable Insights
As an affiliate of ENGIE North America and part of the global ENGIE Group, a leader in the Net Zero energy transition, ENGIE Resources aims to deliver tailored insights for businesses across various locations, revenue levels, and business models. J.D. Burrows, Vice President of Customer Analytics and Engagement at ENGIE Resources, emphasizes the importance of accurate data and industry statistics in shaping sustainable energy strategies.
Key Trends Shaping the Energy Market
Based on extensive research, the 2024 Business Energy Census identifies several key trends:
- Shifting Strategic Perspectives: 57% of respondents, up from 43% in the previous year, believe that energy has become strategically important. This shift aligns with stabilizing energy prices and growing confidence in existing energy strategies.
- Rising Prices and Volatility: 40% of respondents anticipate an increase in power and natural gas prices and volatility, underscoring the need for robust risk management.
- Increased Acceptance of Green Premiums: A growing number of customers are willing to pay a premium for green energy, indicating increasing acceptance of sustainable solutions.
- Strengthening Regulatory Support: While respondents express some skepticism about regulators’ ability to foster competition, transparency, and innovation, attitudes are improving compared to 2023.
- Energy’s Impact on Mergers and Acquisitions: 45% of respondents report that energy prices and volatility are less disruptive to major initiatives like mergers and acquisitions compared to previous years.
- Need for Better Market Information: 48% of Texas respondents find current market information inadequate for decision-making, highlighting a demand for more comprehensive data.
Industry Voices
Young Kim, Principal at ERCG, emphasized the importance of the industry speaking for itself regarding the needs of business customers. He expressed pride in partnering with ENGIE Resources to address pressing energy issues and provide valuable insights.
A Roadmap for the Future of Energy
The 2024 Business Energy Census offers valuable observations that confirm ENGIE Resources’ strategy to develop and deliver green energy solutions for power and gas customers. The complete survey report is available for download on their website.
ENGIE North America, a leading player in the low-carbon energy and services sector, is headquartered in Houston, Texas and operates as a regional hub of global energy leader ENGIE. Committed to accelerating the transition to a carbon-neutral world, ENGIE North America collaborates with clients to achieve energy efficiency, reliability, and sustainability goals through energy efficiency projects, renewable and natural gas supply, and the development of renewable energy assets.
Energy Research Consulting Group (ERCG) is a business intelligence and consulting firm specializing in energy market insights. ERCG supports energy market participants with entry strategies, investment opportunities, and market and policy analysis.