Energy Services
Energy Procurement & Risk Management
Utilizing an industry-leading proprietary auction software, TE’s process engenders the highest levels of transparency – and therefore, competition and savings – that can be achieved in the procurement of third-party energy supply contracts. However, the auction is by no means the first or last step in our handling of clients’ energy needs.
Energy Procurement & Risk Management
After reviewing all data at hand and determining institutional risk tolerance, TE executes the most effective strategies that fit client needs and protocols, including compliance with LEED directives, Federal emissions reporting standards, and other sustainability initiatives..
TE takes a holistic approach to managing risk in the procurement of third party energy for our clients. Because we have the same Electronic Data Interchange (EDI) capabilities as third party energy suppliers, 2911 Energy performs advanced metric analyses on every possible combination of accounts within a client’s portfolio. This technology allows us to view historical utility trends, model various energy products, and project changes in utility tariffs and even facility consumption.
Our procurement process begins as soon as client accounts are onboarded into our management platform. The system will obtain historical consumption profiles directly from the host utility via our Electronic Data Interchange (EDI). Once the data is independently verified through the exchange, we disseminate the hourly and monthly consumption patterns to suppliers, who bid in real time on analogous products (term, strategy, hedge, conditions, etc). This data includes analyzing maintenance periods, dramatic weather patterns, as well as demand (KW) and kWh relationships.
Data & Contract Management
Utilizing an industry-leading proprietary auction software, TE’s process engenders the highest levels of transparency – and therefore, competition and savings – that can be achieved in the procurement of third-party energy supply contracts. However, the auction is by no means the first or last step in our handling of clients’ energy needs.
Data & Contract Management
- Performance Analyses – instantaneous review of the portfolio’s historic, current, and projected consumption, budget, and savings data.
- Bill Simulator – capacity to re-create past, current, and projected utility invoices.
- Market Analysis – access to historic and current conditions of the open market.
- Discrete Pricing Matrix – instantaneous pricing forecasts specific to client accounts, market conditions and client procurement strategy.