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Procurement & Risk Management

A rate saves you once.
We run what comes after.

Procurement is the foundation of most engagements. A better rate and a sharper contract are the start - we build the right structure for your portfolio and operate it through every renewal, every market move, every invoice, so you save on the dollars that follow.

Why it matters

Procurement is the easiest
thing to do wrong.

The most expensive energy mistakes aren't dramatic - they're quiet, structural, and repeat every renewal until someone runs the function properly. The five we see most:

Failure mode 01

Single-supplier auto-renewals

The largest single source of overpayment we see. Auto-renewal locks in pricing built for someone else's portfolio.

Failure mode 02

Flat-fixed contracts in volatile markets

Fixed feels safe until the market moves. Without layered structure, you're either over-hedged or unprotected - usually both, at different times.

Failure mode 03

Missed capacity exposure

Capacity, ancillaries, and transmission are now the fastest-growing line on most bills. A procurement strategy that ignores them is incomplete.

Failure mode 04

No documented hedge strategy

If finance can't see the strategy, finance can't defend the budget. Undocumented hedging is the same thing as no hedging from a reporting perspective.

Failure mode 05

Inadequate price discovery

You signed because the rate looked fine, then learned later a competitive process would have surfaced better. Without real price discovery, "the rate looked fine" is the highest standard you can hold.

What we do

The right structure - not a standard one.

For many portfolios a rigorously negotiated retail contract is exactly right, and we run one; for energy-intensive loads the structure can extend to Direct Access. Either way it rests on six interlocking pillars, run together - the machinery behind a contract that keeps working long after it's signed.

Pillar 01

Product Structure

How the contract is shaped.

  • RFP design and execution across 9+ suppliers per cycle
  • Multi-product evaluation (fixed, index, block-and-index, heat-rate)
  • Capacity passthrough vs all-in analysis
  • Contract terms negotiation (bandwidth, swing, term, fees)
Pillar 02

Hedging

Managing exposure to market volatility.

  • Layered hedge program design (forward block, calendar strip, swap)
  • Pre-hedge analytics and decision support
  • Hedge effectiveness review, quarterly
  • Strategy adjustment for changing market posture
Pillar 03

Market Monitoring

Knowing what's moving, and why.

  • Real-time forward curve and basis monitoring
  • Capacity market signal interpretation (ICAP, 4CP, ICR, FCM)
  • Ancillary services and transmission impact tracking
  • Quarterly market briefings to client leadership
Pillar 04

Budgeting

Energy as a forecastable line item.

  • Annual energy budget construction, assumptions documented
  • Monthly variance analysis vs budget
  • Forward-curve-based reforecasting
  • Board-ready energy reporting
Pillar 05

Competitive Auctions

Forcing true price discovery.

  • Multi-round RFP design with standard scorecards
  • Reverse auction mechanics where market structure supports
  • 9+ supplier participation per cycle, minimum
  • Apples-to-apples bid evaluation, structurally normalized
Pillar 06

Ongoing Performance Management

After the contract is signed.

  • Quarterly supplier performance reviews
  • Billing accuracy and contract conformance verification
  • Account move-in / move-out coordination for M&A and divestitures
  • Issue escalation and supplier accountability

The receipt

A 10-site aerospace & defense portfolio, moved from a retail contract to Direct Access - built and run by Pilot.

Read the case study →
$3.1Msaved a year · ~8% of spend

What lands in your inbox

What you get.

Concrete deliverables on a schedule - not a slide deck once a year.

Annual procurement calendar

All renewal events mapped 12-18 months out. RFP windows scheduled. Decision deadlines flagged. Updated every quarter.

Documented hedge strategy

Written rationale, decision criteria, target structure. Reviewed quarterly. Defensible to finance, board, and audit.

Multi-supplier RFP execution

Every renewal, every site. Minimum five suppliers; typically nine to twelve. Apples-to-apples evaluation, common scorecard.

Monthly market posture update

What moved, what didn't, what we're watching. Plus a variance analysis against your energy budget. Two pages, monthly.

Quarterly market briefing

Structural changes, regulatory shifts, capacity market signals. Delivered to leadership in 30 minutes or less.

PowerUp access for your full team

Same dashboard your Pilot advocates work from. Real-time market data, contract visibility, capacity exposure.

Annual board-ready energy report

One-stop document: portfolio status, strategy summary, year-over-year performance, forward outlook. Built for board distribution.

Run turnkey, or co-managed

We operate the whole function, or work alongside your internal lead - same team either way. Solutions →

What goes with this

Related solutions.

Solution 02

Direct Access

Wholesale market access is procurement at scale. For energy-intensive loads, it's a structural alternative to retail supply.

Direct Access →
Solution 03

Utility Invoice Verification

Audit the bills you're paying against the contracts you signed. Find tariff opportunities the utility didn't flag.

Invoice verification →
Solution 04

Load Management

Capacity tag management, DR program enrollment, peak shaving design. Procurement strategy meets operational reality.

Load management →
Solution 05

Decarbonization

Corporate PPAs are procurement instruments. Structuring them sits with this team; sustainability strategy frames them.

Decarbonization →

Ready to talk procurement?

A 30-minute call, a look at your renewal calendar and supplier exposure, and a written portfolio sketch within a week.