Managing Your Business’s Energy Needs
Managing your business’s energy needs can be time-consuming and difficult without a deep understanding of contract terminology, pricing components, and market fundamentals. As energy is typically one of a business’s largest expenses, many businesses have chosen to use a third party to help with everything from electricity procurement to energy efficiency to sustainability.
TransparencE seeks to solve new problems that have arisen in today’s deregulated energy industry that are the result of two key issues: a lack of expertise and no transparency.
Through education, a deep understanding of the market, and a transparent fee structure, TransparencE believes we are the best option to manage all aspects of your business’s energy needs.
OUR SERVICES
Electricity Supply Procurement
When evaluating different options, we help to ensure “apples-to-apples” comparisons, so your business will avoid surprise cost…
Efficiency and Sustainability Solutions
We partner with the top companies to help businesses meet their efficiency and sustainability goals…
Data Analytics and Reporting
TransparencE offers businesses the top energy data management technology in the industry today, with automated reports generated on an ongoing basis…
Market Analysis and Monitoring
TransparencE utilizes our tools and resources to help customers track and monitor market movement to identify trends and favorable buying conditions…
ADDITIONAL SERVICES
Problems in Today’s Marketplace
There is a low barrier to entry to become an electricity broker, consultant, adviser, etc., which has led to a major lack of expertise in the marketplace. Over the last 10 years as more broker shops have opened, some brokers now lack market, product, contract, and industry experience, resulting in businesses often signing contracts that are not truly in their best interest. There are currently no laws mandating that brokers disclose fees, which often results in businesses paying large, hidden broker fees that are embedded into their supply rate. As brokers have played an increasingly prevalent role in the market, some suppliers are becoming more dependent on brokers for business, which allows brokers more leniency with what they can charge, leading to increased broker fees. A lack of broker on broker competition also leads to increased broker fees and higher customer costs. As energy prices have decreased, in many cases brokers have still been able show savings while increasing fees. Since most brokers do not disclose fees or how they are paid, customers are no longer benefiting as high fees embedded into the monthly utility bills that customers pay have more than canceled out the benefit of working with a broker.
Why Use a Third Party Energy Management Company?
Navigating the deregulated energy market is complicated because of market volatility, changes in rates/tariffs/laws, “apples-to-apples” comparisons are difficult if not familiar with contracts and terminology, numerous pricing components, etc.. Businesses also have time constraints. To ensure the best strategies in terms of cost and risk management are in place there is active management needed. Businesses also have budget considerations, and energy cost is typically one of the top 5 largest expenses for businesses. Because of this, the deregulated energy industry is crowded. Third-party suppliers, utilities, generators, Regional Transmission Organizations, FERC, brokers, consultants, and advisors are all involved in some way. The deregulated energy industry is also new, with the Electric Customer Choice and Competition Act of 1999 deregulating the market for energy suppliers. Most brokers have come to market within last 10 years. Businesses should be educated in terms of market conditions, pricing components, strategies, etc. Utilizing a broker increases competition between suppliers to help customers secure favorable rates, with 70% of the market, and increasing, now using a third-party.
CONTACT US
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