Success Story - "Energy Rate Review and Contract Consolidation"
$2 Billion Real Estate Investment Trust
Company Situation and Problem
Hundreds of facilities were handling energy and utilities independently and were unaware of potential savings opportunities by looking at it across the corporation. Company was essentially paying the utility bills individually without looking at the rates or pricing schedules.
Paladin Actions & Recommendations
A complete rate audit and analysis for the facilities in regulated territories identified numerous rate changes. Aggregating the load at all locations in deregulated territories for both electricity and natural gas leveraged the entire load to receive discounted pricing and long term fixed contracts.
- Implemented 30% Savings for Deregulated Facilities
- Implemented 12% Savings for Regulated Facilities
- Confirmed all locations were on the best rates/contracts.