In a previous post, we explored the increasing importance of the role of the corporate energy manager. Disruption of all kinds, from volatile prices to the pressure of climate change, has escalated the complexity of the energy manager’s role, calling for more innovative strategies.
February 2021's polar vortex was a perfect example of this trend at work. During the extreme weather event, which ravaged most of Texas and impacted many other parts of the southern U.S., energy managers once again rose to the occasion. The resulting spike in gas prices set off a full week of difficult, energy-related financial decisions for thousands of companies all over North America.
Some of those critical decisions, however, yielded millions of dollars in cost avoidance and very real savings in jobs and equipment.