Electricity

NYISO tariff would add consistency, transparency

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Platts

Independent power producers say NYISO tariff would add consistency, transparency
New York’s merchant generators are praising the Federal Energy Regulatory Commission’s decision to require the grid operator to develop a tariff for old power plants that would retire except when they are needed to support the transmission system.
“We’ve long advocated for it. A reliability must-run tariff would add an element of transparency so the most economic projects are selected to remain online,” Chris LaRoe, the New York Independent Power Producer’s managing director for regulatory affairs, said Monday.
The tariff, which must be…

Strategic Sourcing

Why is Procurement so Bad at Managing All Indirect Spend?

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Having spent 11 years at corporate indirect spend for a Fortune 100 company I can identify with this question.

Spend Matters, Jason Busch

Later this week, I’m participating on a webinar with Deem’s Patrick Grady titled Order Out of Chaos for Indirect Spend. The premise of the discussion is that while many organizations are starting to more actively manage indirect spend today through e-procurement and related initiatives, there is so much more they can be doing. Our thesis is that overall indirect spending remains chaotic and unmanaged in most organizations today despite initial forays to bring it under control.
We believe that to truly manage indirect spend, we must fully understand it first (this is one of the potential dangers of relying too heavily on the services of a GPO or a vendor such as a Grainger directly which wants to “own the problem” for you). Without understanding all elements of our spending, there’s a strong chance that we’ll…