What is 'procurement period' in SAP IS-U-EPM - Energy Portfolio Management?

procurement period - Overview

• Component: IS-U-EPM

• Component Name: Energy Portfolio Management

• Description: Supply period for which energy is to be procured.

procurement period - Details

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  Key Concepts: 
  Procurement period is a term used in SAP IS-U-EPM Energy Portfolio Management. It is a period of time during which energy suppliers can purchase energy from the market. The length of the procurement period is determined by the energy supplier and can range from one day to several months. 
  
  How to use it: 
  In SAP IS-U-EPM Energy Portfolio Management, the procurement period is used to define the time frame in which energy suppliers can purchase energy from the market. The length of the procurement period is determined by the energy supplier and can range from one day to several months. During this period, energy suppliers can purchase energy at a fixed price or at a variable price depending on market conditions. 
  
  Tips & Tricks: 
  When setting up a procurement period, it is important to consider the current market conditions and the expected future market conditions. This will help ensure that the energy supplier is able to purchase energy at a price that is beneficial for them. Additionally, it is important to consider any regulatory requirements that may be applicable to the procurement period. 
  
  Related Information: 
  For more information about procurement periods in SAP IS-U-EPM Energy Portfolio Management, please refer to the official SAP documentation. Additionally, there are many online resources available that provide additional information about procurement periods and how they are used