Discover 6 key trends for buying renewable energy in North America.

By Oliver Townsend Jun 15, 2024
ENGIE Unveils 6 Key Trends for Renewable Energy Buying in North America.pngOrginal image from:

ENGIE Resources, a leading commercial electricity provider in North America, has recently unveiled six key trends for renewable energy buying in the region. In collaboration with Energy Research Consulting Group, ENGIE released the second annual North American Business Energy Census, providing valuable market insights and opinions from over 100 aggregators, brokers, and consultants. This comprehensive report reinforces ENGIE’s position as a thought leader in the renewable energy space, aiming to empower businesses with actionable insights for informed decisions and the adoption of green energy solutions.

Shifting Strategic Perspectives

The survey identified that 57% of respondents believe the strategic importance of energy has grown to a point of equilibrium, indicating stabilization in energy prices and confidence in existing energy strategies.

Forecast of Rising Prices and Volatility

40% of respondents expect power and natural gas prices to increase, highlighting the need for robust risk management strategies amidst growing volatility.

The Rise in Green Premium Acceptance

There is an increase in willingness to pay a premium for Green Energy, with 62% of customers willing to pay a small premium for renewable energy solutions.

From Policy to Action: Strengthening Regulatory Support

Respondents expressed a lack of confidence in regulators but noted a slight improvement, hinting at growing belief in regulatory support for fostering competition, transparency, and innovation.

Driving Forces: Energy’s Impact on Mergers and Acquisitions

Energy prices are becoming less of a disruptive force in corporate decision-making, with 45% of respondents stating that energy market stability is encouraging major initiatives like mergers and acquisitions.

From Data to Decisions: Empowering Stakeholders with Market Insights

48% of respondents believe that current market information is inadequate for informed decisions, emphasizing the need for more comprehensive and reliable energy market data.

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