Regulated Energy Sourcing
Regulated energy sourcing unlocks savings on utility rates and tariffs
North America has over 3,500 regulated electric utility companies providing customers with a choice of over 11,000 different price structures. The rates utility companies apply to your facilities might not be the most economical for your use, so we check them line by line.
Utility Rate Optimization
As organizations continue to explore areas for utility cost savings, it seems like driving value from sites located in regulated energy markets has been largely overlooked. To address this, Vervantis developed fixed energy sourcing models that accurately determine the most preferential utility price structures from the entire library of regulated rates across the US energy system.
Using proprietary software XLR8™, Vervantis analyzes usage patterns and demand to find the lowest rate available from your utility company. There are over 3500 utility companies in the United States and over 11000 rate options to select. Our regulated markets team holds the entire database and run algorithms to determine if there is a lower rate for you.
The savings can be significant for this often overlooked area of utility spend. Organizations with hundreds or thousands of sites can quickly determine where they can switch to lower-cost price structures that better suit their demand.
Also, the team can make suggestions on distributed generation and efficiency technologies that can lower your cost along with the rebates and incentives that support them.
Want More Information on Procurement?
No problem. We have written a guide to energy procurement that explains some of the considerations in managing an energy RFP yourself or if using a third-party, guidance on the different types of support. You can read it here.
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Unlock Savings In Regulated Markets
Because our approach is so advanced, organizations with even the most significant number of accounts see the value hidden in their regulated sites in just a few days. Consequently, after a rigorous comparison of fixed rates, a concise saving estimate, and recommendation for every account are provided.
Most noteworthy is that our in-house team manages the entire process communicating directly with utilities, which will apply new lower rates typically within one billing cycle. It is so effective at finding savings; we think of it as regulated energy sourcing.
Energy procurement is much more complicated than signing a contract and hoping you’ve made the right decision. It takes a lot of research and, even more importantly, an understanding of the energy and utility landscape. For businesses, the way they handle utilities will inevitably influence how much money they spend and how much energy they save — two things that can drastically change your fiscal outlook. To understand the best solution, we carefully consider options from energy suppliers, regulated utilities, and SourceRisk™, our unique dynamic price risk management solution.
Our utility bill management program automates the collection, payment, and validation of invoices. The speed and accuracy of payments, exception resolution and open close management from our team of billing experts make late payment fees and disconnections a thing of the past. A financial-grade utility dataset supports utility management programs and helps accounts payable teams lower administration cost by up to 75%.
Fixed price supply agreements can bring as much risk as indexed based contract structures. Finding the right balance of risk is important to control exposure to both price and the competition. SourceRisk™ is a proprietary risk management solution that accurately measures the risk you take and keeps it in the range you allow. Using dynamic supply agreements, we enable organizations to avoid volatility by fixing volume if markets rise and unfixing if they fall.
The need for organizations to access and evaluate energy data on demand has never been greater, especially while sourcing. Vervantis enables energy data analysis to be viewed using its secure cloud-based platform DataHub360™ which allows organizations to report on their energy, utility, sustainability, and bill management programs instantly.
Every Rate Analyzed
Every Utility Checked
That's a lot of data!