Energy cost management aims to better control the price of wholesale commodities, such as electricity, natural gas or liquid fuels, which usually represent the largest component of an organization’s energy expenditures. Ameresco helps its customers understand and quantify the risks presented by the deregulated energy commodity marketplace and develop a strategy to mitigate those risks while meeting budget objectives.
Energy Price Risk Mitigation
Ameresco’s energy specialists apply a best practice physical and financial price hedging approach that integrates fixed-price, basis and swing exposure mitigation. This can include an optimized power purchase agreement (PPA) with utility companies in deregulated markets to ensure price stability and to mitigate price risk.
Rate Analysis and Negotiation
Regardless of regulatory status, we help customers to maximize value now and gain additional benefits as markets continue to evolve. Drawing from our expertise in tariffs, rate structures and energy systems, Ameresco can reduce the cost of energy services by identifying more beneficial rates and negotiating advantageous tariff arrangements.
Ameresco’s Energy Cost Management contracts are designed around each customer’s specific unique needs, and reflect the services that match those needs, including the following:
• Strategy development
• Risk aggregation and measurement
• Wholesale market analysis
• Ongoing position reporting
• Cross commodity expertise
• Renewable energy options
• Energy data analysis and invoice management options
FEATURED CASE STUDY:
ALLEGHENY TECHNOLOGIES INC. (ATI)
Allegheny Technologies Inc. (ATI), a global specialty metals producer, partnered with Ameresco to manage utility and energy costs across more than 400 accounts at facilities throughout the United States. Ameresco discovered billing errors averaging $825,000 over five years and developed energy cost management strategies, including energy load planning and competitive bidding, that have yielded $2 million in annual energy savings that ATI has reinvested in process and infrastructure improvements.
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