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 regulated energy sourcing models which 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 chose from. Our regulated markets team hold the entire database and run algoryhtms to determine if there is a lower rate for you to be on.
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.
In addition 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 largest number of accounts see the value hidden in their regulated sites in just a few days. Consequently, after a rigorous comparison of regulated rates, a concise saving estimate and recommendation for every account is provided.
Most noteworthy is that our in-house team manage the entire process communicating directly with utilities, who 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 complex 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 utilities are handled will inevitably influence how much money is spent and how much energy is saved — 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 noteworthy 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 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!