Case Studies
Learn how we’ve helped businesses across the United States save money, reduce risk and take control of their energy spending.
Manufacturing Company
Challenge – The company was purchasing their electricity direct from its utility at an hourly rate. This rate classification exposed the company to wild swings in the volatile electric market, greatly increasing its risk.
Solution – Based on load power factors and peak and off-peak usage data, Gulf Pacific Energy locked the company into a fixed price. This eliminated risk and achieved budget certainty.
Market Monitoring – Taking a proactive approach to risk, we extended and locked the company into a favorable fixed price when the electric market dipped, thus saving the company a significant amount of money.
Real Estate Management Company
Challenge – The company was purchasing its energy through an independent supplier. The company asked Gulf Pacific Energy to examine its invoices to see if it was maximizing its savings.
Solution – After studying the company’s utility delivery rates, we realized it could substantially reduce expenditures by changing its delivery rate classification. We submitted the necessary paperwork to the utility to enact the change.
Market Monitoring – In addition, we were able to take advantage of a dip in the market and fix the company’s costs to a lower rate.
Office Building Management Company
Challenge – The company experienced a substantial increase in its electric usage over one month, while other months’ usage remained normal.
Solution – Gulf Pacific Energy investigated the company’s usage patterns. We requested a utility bill audit and discovered that the company had a defective meter. The utility replaced the meter and rebilled the company for a lower usage amount.
Market Monitoring – By monitoring usage patterns, we can spot abnormalities in your utility billing. Utilities typically will not disclose overcharges to you. With our proactive approach, we can discover errors and have them corrected.
Apartment Building Management Company
Challenge – The company’s existing contract was expiring, and its supplier urged the company to lock into a multi-year fixed price at a higher rate than it was currently paying. The futures market had increased, and the company struggled to decide what to do.
Solution – Gulf Pacific Energy analyzed the company’s load profile and usage history as well as national storage reports and future variables. We concluded that the company should float on the spot market index price, with the ability to lock in a portion or all of its usage at a later date. This strategy allowed the company to act when the market declined, creating a buying opportunity.
Market Monitoring – Gulf Pacific Energy constantly tracks the energy markets, enabling you to seize buying opportunities when the market drops. For this client, we locked in its load at a price 20-percent less than that suggested by their former supplier.