Energy Procurement Savings Program

Take the complexity out of energy management

Brings together the processes, expertise, and technologies to take the complexity out of energy management and turn it into bottom-line savings for businesses, organizations, and governments.

Electricity, natural gas, and green power

Using proprietary software for transacting electricity, natural gas, and green power helps customers lower their total energy spend by leveraging a superior process and utilizing best-in-class planning.

Advisor for energy goals

The mission is to simplify the complicated energy procurement process, acting as an advisor for customers to reach their energy goals at the lowest available costs.

Web-based, real-time events

Web-based, real-time events create a hyper-competitive environment and increase efficiencies in bidding, price discovery, contracting, and auditing that traditional paper-based procurement auctions cannot match.

People and expertise

Auction technology is backed by the people and expertise needed to run successful pricing events/auctions.

Market insights and RFP development

Staff are experts in their respective markets, offering customers market insights, RFP development, and centralized communications with suppliers.

Large Supplier Network

Competition is the key component of successful energy procurement. With an ever-increasing number of new supplier participants, auctions ensure that the buyer receives bids from all available suppliers, providing a more holistic exposure to available market rates.

In comparison, paper-based requests for proposals traditionally used by buyers or consultants typically limit the number of suppliers to a small pool as the amount of effort to solicit additional bids requires much more effort.

This limits staff of traditional consultants to offer an adequate price point as opposed to the best price available in the market.

Efficient & Transparent Process

The energy market is extremely volatile, which leads to highly fluctuating prices. The time spent between receiving a price and contracting that price may result in an unnecessary 2-5% rate change.

To avoid this, auctions ensure that contracts are executed shortly after the bidding is complete. The increased guarantee of execution reduces suppliers' risk premiums, allowing them to bid at reduced rates for your business.

The platform time stamps and records all bid activity, giving the buyer a much more transparent audit trail for a procurement event.

Reverse Online Auction

Auctions are designed to compress suppliers' margins to their lowest price points. The approach to auctions considers the bidder's perspective as well as the buyers.

Participants can see the lowest bids from their competitors in real time, enabling them to adjust their bidding strategy as necessary.

The platform also implements an automatic reset feature, where competitive bids placed within the final minute cause the auction length to expand for another minute.

RFP Customization & Arrangement

Price discovery is vital to establishing the correct product and term length for your business.

The platform enables buyers to test different products, terms, and pricing structures.

This provides insight into real-time pricing options and is customizable to the parameters that the buyer prioritizes in order to meet energy procurement goals.

Market Experience & Expertise

Traditional brokers and consultants lean too heavily on market expertise and personal relationships.

Although important, online auctions already account for these advantages and serve as a tool to suppress margins while providing transparency and insights for buyers with no risk.

Restaurants are power energy users

On a square-foot basis, restaurants are power energy users, and the cost of that power adds up.

Risk-adjusted energy savings

Experts combine proprietary technology and processes with scale to deliver risk-adjusted energy savings and budget certainty to restaurants.