Energy Procurement Risk Assessment Checklist
Secure your energy supply and optimize costs. This Energy Procurement Risk Assessment Checklist helps identify, evaluate, and mitigate potential disruptions and financial vulnerabilities in your energy sourcing strategy. Ensure compliance, improve negotiation power, and build resilience.
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Supplier Due Diligence
Assess financial stability, reputation, and ethical practices of potential suppliers.
Supplier Credit Rating
Financial Stability Assessment
Reputation & Ethical Practices Summary
Financial Statements (e.g., Balance Sheet)
Compliance with Relevant Laws & Regulations
Last Due Diligence Review Date
Contractual Terms & Conditions
Review contract clauses related to pricing, volume, delivery, and termination.
Contracted Volume (kWh/month)
Contract Start Date
Contract End Date
Pricing Structure
Price Escalation Factor (if applicable)
Special Contract Clauses/Notes
Payment Terms
Default Currency
Market Volatility & Price Risk
Evaluate exposure to fluctuations in commodity prices and energy markets.
Historical Price Volatility (Standard Deviation)
Projected Price Volatility (Range)
Hedging Strategy in Place?
Last Price Forecast Update Date
Estimated Price Sensitivity (%)
Notes on Current Market Conditions
Geopolitical & Regulatory Risks
Analyze potential impacts from political instability, policy changes, and environmental regulations.
Country Risk Score (e.g., from World Bank)
Summary of Recent Political Instability Events
Regulatory Framework Stability (High/Medium/Low)
Date of Last Major Regulatory Change
Description of Potential Regulatory Impacts (e.g., Carbon Taxes)
Likelihood of New Tariffs/Trade Restrictions (High/Medium/Low)
Supporting Documents (e.g., Regulatory Reports)
Cybersecurity & Data Security
Assess supplier's cybersecurity protocols and data protection measures.
Supplier's Cybersecurity Framework (e.g., NIST, ISO 27001)
Data Encryption Level (e.g., 128-bit, 256-bit)
Data Breach Response Plan Availability
Description of Supplier's Security Awareness Training Program
Security Controls Verified (Select all that apply)
Last Security Audit Date
Supply Chain Resilience
Evaluate supplier's ability to maintain consistent supply during disruptions.
Lead Time for Critical Supplies (Days)
Supplier Geographic Diversification (High/Medium/Low)
Description of Supplier's Business Continuity Plan
Last Review/Update of Supplier BCP
Potential Supply Chain Disruptions Considered (Select all that apply)
Redundancy of Key Suppliers (Yes/No/Partial)
Contract Performance Monitoring
Track supplier performance against agreed-upon metrics and KPIs.
Volume Delivered (Actual vs. Contracted)
Price Deviation from Contract Rate
Delivery Punctuality (%)
Quality Compliance (Meet Specification?)
Last Performance Review Date
Comments/Observations on Performance
Issue Resolution Timeliness (Rating)
Insurance & Liability Coverage
Verify adequacy of supplier’s insurance coverage for potential risks.
General Liability Insurance Limit (USD)
Workers' Compensation Insurance Limit (USD)
Type of Insurance Coverage (e.g., Commercial General Liability, Auto Liability)
Insurance Policy Expiration Date
Insurance Certificate of Insurance (COI)
Notes/Comments on Insurance Coverage
Sustainability & ESG Considerations
Evaluate supplier's environmental, social, and governance (ESG) performance.
Carbon Footprint Reduction Target (%)
Supplier’s Environmental Certifications (e.g., ISO 14001)
Description of Supplier's Sustainability Initiatives
Supplier's commitment to ethical labor practices?
Supplier’s approach to waste management?
Date of Last Sustainability Audit
Contingency Planning & Business Continuity
Review supplier’s plans for responding to unforeseen events and ensuring business continuity.
Does the supplier have a documented Business Continuity Plan (BCP)?
Last BCP Review/Update Date
Summary of BCP Key Components
Estimated Recovery Time Objective (RTO)
Estimated Recovery Point Objective (RPO)
Potential Disruptions Addressed in BCP
BCP Document (Optional)
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