Abstract
ABSTRACT In deregulated natural gas and electricity markets, many traditional purchasing practices brought from other businesses or even taken from energy's past may not serve end-users well. While there is no one right way to manage purchases in these deregulated markets, there are many important facts and trends that can be helpful in guiding decision-making. This article uses the framework of “myths and realities” to describe 10 key issues in energy purchasing. It relies heavily on market price data and, in some cases, confronts conventional wisdom about recent developments in the energy markets facing end-users. Readers should note that most of this material is applicable to deregulated, as opposed to regulated, markets.
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