Volatile Energy Costs - The Unexpected Margin Thief
Few costs impact a company’s bottom line more directly than its energy spend. Today’s volatile markets have put an additional focus on the corporate energy procurement and budgeting process. Developing a sophisticated procurement plan has become a necessity. What are the industry best practices in setting a strategic energy purchasing strategy?
Presented ByJohn Snell
Senior Vice President
INTL FCStone Financial Inc., FCM Division
John Snell is Senior Vice President at INTL FCStone Financial Inc., FCM Division. John founded Risk Management Incorporated (RMI) in 1988 to provide services and products to mitigate price risk in energy commodities. RMI became a wholly owned subsidiary of INTL FCStone Inc. in 2010. With John’s guidance, his team at FCStone has built a diverse client base, including top Fortune 500 food & beverage companies, industrial and commercial manufacturers, municipal utilities and investor-owned utilities. FCStone’s customers purchase over 2 TCF of natural gas annually, which represents about 25% of annual U.S. residential and commercial consumption.