Electric Utility Consultants

Electrical consulting firms develop innovative utility solutions that give clients a competitive cost advantage

Utility consultants provide expert analysis and advisory services to add value to electric utility clients' operations. Electrical consultants apply quantitative skills, market insights and regulatory expertise to find solutions to complex utility industry problems. With vast resources and market intelligence, utility consulting firms provide clients with cost reduction solutions, service and support with the overall goal of improving utility processes, operations and profitability.

Before beginning your search for electric utility consultants, define your electrical consultancy needs. Clearly identify the goal of your electrical consulting services, including project scope, skills needed, time frame and budget. This information will help your organization select the best utility industry consulting firm to meet your specific needs.

When selecting utility engineering consultants for your organization, research each electric utility consulting firm and evaluate the following:

1. What kind of market experience and expertise do the electricity specialists offer for your specific type of business?

2. What services do the utility consulting companies provide to reduce operating expenses and improve operational efficiencies for your business?

3. How much should your business invest in electrical consulting services?

 

Hire electric utility consultants that specialize in your business market

Select electricity experts who are seasoned professionals with extensive experience in your specific type of electric utility business. Ask to see a list of past and present clients, and request references.
Try: Utilities Analyses has expertise serving large utility customers with multiple locations, and offers a partial online client list. Macquarie Cook Energy serves local distribution companies, municipalities, generation facilities, producers, energy marketers, industrial end users, financial institutions, cooperative energy service companies and US government agencies. PIRA Energy Group has more then 500 clients in 51 countries, including national utility companies, independent producers, refiners, marketers, financial institutions and government agencies.

Choose electrical consultants with established skills

Review the services offered by each utility consulting company, and assess each firm's ability to provide the specific skill sets you need. Evaluate the utility industry consulting firm's experience, market intelligence and qualifications. Request examples of successful projects similar in scope to your projected electrical consulting service.
Try: Titus offers a full menu of consulting services, including energy cost analysis, energy procurement, energy price risk assessment, measurement, systems and process improvement. Muse Stancil provides energy consulting services in business strategy, mergers and acquisitions, asset performance, valuation, dispute resolution and commercial development. The NorthBridge Group focuses on helping clients develop strategies for competitive market analysis and strategy, state regulatory initiatives and strategy, mergers and acquisitions, regulated power supply procurement and wholesale market design.

Select a utility consulting firm that meets your budget

Many utility consulting companies operate on a retainer with a minimum time commitment. Several offer hourly fee, project fee or performance fee options. Your electrical consultancy cost will depend upon the scope of your services.
Try: UtiliTech offers a range of billing options to fit customer preferences including shared savings, defined scope fixed fee and retainer. National Utility Service Consulting provides its cost control program on a performance fee basis, which means sharing refunds and savings for a predetermined time period. Get a free energy consultation from EnRisk Partners.

 

• If your utility consulting firm operates on a performance or contingent fee basis, make sure that your business will not be subject to fee payment if you do not realize financial savings from the electrical consulting service.
• Select a utility consulting firm that is not subject to the influence of any utility supplier. Independent electric utility consultants provide unbiased market research and pricing studies for the benefit of your company's financial interests, not those of a utility supplier.

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