Energy procurement is the process of acquiring energy resources, such as electricity and natural gas, for businesses or organizations. This involves evaluating different suppliers, negotiating contracts, and ensuring that the energy purchased meets the specific needs and budget of the buyer. Effective energy procurement can lead to cost savings and improved energy efficiency. The energy procurement process often includes analyzing market trends, understanding regulatory requirements, and assessing the reliability of suppliers. Companies may also consider renewable energy options, such as solar or wind, to align with sustainability goals. Overall, energy procurement is essential for managing energy costs and ensuring a stable energy supply.