How Energy Arbitration Can Work For Your When Deregulation Works Against You
Wednesday, November, 7, 2012
The energy industry is facing difficult and complicated times, as Federal and State bodies have increasingly deregulated the natural gas sector. As more and more people rely on energy around the world, it is becoming an industry that is fraught with changes on both the national and international scale.
However, with changing roles and changing regulations, the electric industry has been restructured as well, as consolidation is occurring on a massive scale. Because of this, many companies find that they face severe unregulated competition and infringements on their energy contracts. This is why energy arbitration has become so necessary in today’s global marketplace.
Energy arbitration is a way to solve complex issues surrounding energy and energy contracts through the assistance of a non-biased third party. Energy contracts have become increasingly complicated to navigate, and the lack of regulation creates a scenario in which competitors and contractors alike practice a host of unethical and unexpected behavior in the energy marketplace. As industrial growth continues to create a growing need on energy throughout the world, and deregulation continues to complicate that growth, energy arbitration is successfully used to solve complicated disputes that arise in the midst of this unique time.
Arbitration clauses in your energy contracts are the best way to ensure that failure to uphold contracts is dealt with quickly and fairly so that your company can return to business as usual. Energy arbitration ensures that your energy organization will have access to a cost-efficient and confidential resolution process for all the technical, legal and financial aspects of your energy business. This includes general regulatory and FERC (Federal Energy Regulatory Commission) proceedings, emissions trading, finance contracts, rate-related issues, pricing, supply, royalty agreements, energy executive agreements, employment disputes, construction, operation and management of energy facilities, production of energy resources, marketing and sales of energy resources, and independent fact-finding investigations.