SpendEdge Releases Procurement Research Report for the Global Electric Utilities Market

LONDON–(BUSINESS WIRE)–#electric–Global procurement intelligence advisory firm, SpendEdge,
has announced the release of their ‘Electric
Utilities Procurement Research Report.’ The insights and data in
this report provide a strategic analysis of the supply markets, factors
influencing purchasing decisions, procurement best practices, pricing
models, supplier landscape, and an analysis of the supplier capability
matrix for the utilities
industry. This report breaks down the data and analysis behind
the procurement of electric utilities and acts as an all-inclusive guide
for making smart purchasing decisions.

“The electric utilities market has a limited number of private
players that are directly involved in power generation, transmission,
and distribution due to a high barrier to entry and production cost,”
says SpendEdge procurement research analyst Angad Singh. “Across the
industry, power generation from solar, wind, and microgrids and
distributed generation are increasing in prominence to improve
sustainability,” added Angad.

Key Report Features

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Report Highlights

• The market is expected to grow at a CAGR of 3.55% over the forecast
  period due to a rise in population and energy requirements, hike in
  private and government spending on infrastructure, and high dependence
  on technology and automation.
• Category managers need to carefully assess suppliers as various firms
  tend to categorize customers based on the price quoted, energy mix,
  geographical region, and the regulatory structure.
• Buyers also need to evaluate suppliers to ensure that they have a good
  network reach and maintenance of transmission lines.

This report is available at a discount for a limited time only: View
the report snapshot before purchasing

Electric Utilities Pricing Trends

The block and indexing model of pricing is the most widely adopted model
as it leaves the size of the block to the customers' discretion. The
model also provides flexibility in determining the volume against
market-based prices, reduced exposure to price volatility, and a
measurable degree of budget certainty. Indexed pricing and fixed pricing
are the other two pricing models available in the market.

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About SpendEdge

SpendEdge shares your passion for driving sourcing and procurement
excellence. We are a preferred procurement market intelligence partner
for Fortune 500 firms and other leading companies across numerous
industries. Our strength lies in delivering robust, real-time
procurement market intelligence that helps sourcing and procurement
professionals make informed decisions. These innovative procurement
solutions help enterprises transform structural capabilities, improve
execution efficiency, and fast-track time to savings.

Contacts

SpendEdge
Shilpa Balakrishnan
US: +1 (844) 746-0600
hello@spendedge.com