With a booming economy and a booming energy market, it’s easy to see why many companies in the energy sector are feeling the pressure to deliver more than a fraction of what they used to.
But how does the energy industry compare to other industries?
And how can it improve its long-term sustainability?
“You have to look at how you’re delivering the services,” said Dave Sorenson, president of the Energy Industry Association of America.
“If you’re going to be able to deliver energy services to the public, you have to be doing it in a way that makes the public benefit.”
Energy companies are often viewed as a low-risk, high-reward type of business, where they have a low upfront cost and have an incentive to be efficient.
But that’s not always the case.
“It’s always been a little bit of a challenge, but we’ve come a long way in the last decade,” Sorenonsaid.
So which sound energy firms have the highest-quality deals? “
I think there are still some things that need to be addressed, but there’s a lot of progress.”
So which sound energy firms have the highest-quality deals?
We looked at more than 10,000 companies and found out which are making the most in the marketplace.
Here are the top five companies for sound energy services in the U.S.
According to Sorenon, there are three basic kinds of energy providers in the market: suppliers, distributors and retailers.
In addition to the big players, there’s also an array of smaller players who specialize in providing energy services.
Sorenson said companies that are making deals with large suppliers are generally good value for money, but smaller, independent companies that provide sound energy for less money are generally a better deal.
The U.K. energy sector is a perfect example of the difference between smaller players and the big guys.
While companies like Shell, BG Group, EDF and E.ON are big players in the European market, Sorensonsays the big operators tend to be very competitive.
“You’ve got big energy companies, but they’re not necessarily big companies,” he said.
“They’re very good at selling their energy services, and they’ve got very strong brands.”
Smaller companies, such as solar power companies, wind energy companies and natural gas companies, are generally cheaper, but not as good at providing the services.
“Smaller players have had to work harder to compete with the big energy players,” Sorenson said.
“The big players are able to buy into the energy market because of the cost,” he added.
“And they’ve done a great job of selling their services at very low cost to the consumer.”