Energy Cost Management
by Power Management Company
Energy Consulting
As an independent, unbiased energy consultant, we help our customers compare multiple procurement options from energy suppliers to find the most competitive energy choices and assist your business with an overall energy strategy.
Electricity & Natural Gas
We can audit your current electric and natural gas usage and review opportunities for savings. These can range from supply agreements to service class changes to efficiency improvements on site.
Electric Vehicle Charging
Power Management can help you to select the correct Electric Vehicle charger for your company’s needs. Our team of experts will complete an audit and present a proposal tailored for you to include current incentives and forward cost estimates.
Why Power Management Company?
BUSINESS. ENERGY. SUCCESS
BUSINESS
Power Management provides energy management and sustainability services to a diversified customer base. Founded in 1997, Power Management currently manages over 30,000 commercial and industrial utility meters throughout North America. We take energy management to a higher level through a process that includes comprehensive research, recommendation and implementation.
ENERGY
Today’s commodity markets can be extremely volatile. Power Management will assist you in developing an acquisition strategy that provides you with a blue print for effective energy procurement in any market condition. Throughout every stage of the process, you’ll benefit from our knowledge and expertise.
SUCCESS
With a comprehensive understanding of how energy markets work, our energy professionals will challenge your organization to view energy and sustainability options strategically. Power Management will ensure that all decisions are supported both financially and operationally. This commitment to you and your success has made Power Management the preferred choice of commercial and industrial customers throughout North America. Our customer retention rate of more than 95% attests to the effectiveness of our strategic, unbiased approach to energy management.
ENERGY CONSULTING
Helping you navigate the complex energy markets
We provide budget neutral solutions to improve energy efficiency, reduce costs, stabilize volatile prices, and achieve corporate sustainability. We believe energy cost management should be a long-term strategy, not something that is only considered when supply contracts are coming to term. We will develop an energy strategy designed to better meet your budget and energy savings goals.
Power Management Company takes an unbiased approach to electric and natural gas purchasing for our customers. Our supplier relationships give us the ability to look at a wide variety of options while leveraging our full portfolio of businesses to provide big volume buying power to all of our customers, regardless of size.
Not only are we thinking strategically about your electric and natural gas purchasing, but also efficiency and sustainability initiatives that may help to reduce your overall expenses. Whether your business could benefit from a lighting upgrade or solar project, our process will provide a timely ROI, and long-term energy savings. We will develop a turn-key plan, seek funding opportunities and tax incentives and establish benchmarks for your projects success.
ELECTRICITY & NATURAL GAS
Electricity is generated using a variety of resources. In the United States, the majority of electricity is produced using traditional sources such as natural gas, oil, coal and nuclear. More recently however, the percentage of renewable resources such as solar and wind have begun to grow as a source of electricity. In order to effectively compare electricity kWh prices from electricity providers, it’s important to understand some of the fundamentals of the market such as how electricity is priced and what portions of your bill you have control over.
The share of natural gas in the energy mix has dramatically increased over the last two decades. A large driving force behind this increased natural gas is for electric generation. Electric power plants that were previously fueled by coal or nuclear power have transitioned to natural gas as it is a cleaner-burning, competitively priced, and efficient fuel. According to the U.S Energy Information Administration, in 2016, about 33% of the electricity came from natural gas utility generation.
Multiple entities are involved with delivering natural gas from the point of production to your business. Production companies explore, drill and extract natural gas from the ground. Transmission companies operate the pipelines that link gas fields to major consumption areas, and distribution companies are the local natural gas utility that delivers to the customer.
Average natural gas prices can vary greatly between states and cities. Some of the variance in prices can be contributed to the distance a consumer is from the areas producing natural gas, transmission pipeline capacity, customer demand, and state regulations. Like other supply and demand situations, there are many additional factors that cause prices to fluctuate.
WHY POWER MANAGMENT
The price of electricity can fluctuate based on changes in natural gas and oil prices, weather, political events and other economic factors. In order to make an accurate comparison between the offers you receive Power Management works on your behalf to ensure you understand the choices and get fair and competitive rates.
PRICING OPTIONS
You may be wondering how to compare electricity kWh prices for your business. Power Management works with a number of reputable electricity providers in order to obtain the most competitive options for your situation.
CUSTOMIZED SOLUTIONS
The difference when working with Power Management is a customized approach to understand your business structure and energy goals. Instead of providing a general price to all customers, we tailor a solution to meet your needs whether its focused on hedging, budgeting, or sustainability.
MARKET EXPERTISE
We have a deep understanding about each electricity providers strengths, and how things like capacity tag management can affect your overall electricity price. Power Management can assist clients with reducing variables to help mitigate increases in costs and ultimately save electricity.
ELECTRIC AND NATURAL GAS PROVIDERS: DELIVERY VS. SUPPLY
The bill for your business is broken down into two sections: supply and delivery
DELIVERY
These are charges from your utility to transport electricity and natural gas to you. These costs help to maintain the grid and deliver energy from its point of generation to your business. Other surcharges and administrative fees may also appear in this area of the bill. Your utility will deliver electricity and natural gas to your business regardless of your choice of supplier and will continue to read your meter, care for the poles and wires, and restore power when there is a service interruption.
SUPPLY
This portion of your bill covers the cost to generate the electricity and natural gas you use and is charged to you by a provider/supplier, or your local distribution company if you are on default service. The supply portion of your energy bill is the part of your service that you are able to shop for. Your agreed upon rate will appear on this section of the bill along with the amount of energy that you used during your billing period.
ELECTRICITY
ISOs and RTOs are organizations that control and monitor the use of the electric transmission system by utilities, generators and marketers. ISOs and RTOs function under the guidelines that they will operate a competitive market and manage reliability of the transmission grid. They are tasked with providing efficient, fair and open transmission access and promote infrastructure development.
An ISO is a non-profit organization that provides fair and open access to power, independent of the transmission owners and the customers who use its system. They manage the flow of electricity throughout their regions to ensure it’s produced in sufficient quantities, has constant availability and transmitted where it needs to go when it’s needed. They also provide system planning, studies, and analyses information to policymakers, stakeholders, and the general public in order to ensure there will be long term reliability and electricity needs will be met for future generations.
RTOs typically perform many of the same functions as ISOs, but cover a larger geographic area. The terms ISO and RTO often used interchangeably. While RTOs also provide access to the transmission network they must meet specific FERC regulations regarding transmission planning, system congestion and expansion.
List of U.S ISOs and RTOs
- ERCOT- Electric Reliability Council of Texas
- ISONE- ISO New England
- CAISO- California Independent System Operator
- MISO- Midcontinent Independent System Operator
- NYISO- New York Independent System Operator
- PJM- PJM Interconnection
- SPP- Southwest Power Pool
COMPARING PRICES
The cost to supply electricity varies minute by minute. To minimize the risks of purchasing during extreme conditions, most consumers consider future products so they do not experience these daily price fluctuations of the spot market. Future products are less volatile and provide more price certainty for electricity over the specific time period, at a price negotiated on the contract date.
When evaluating supply contracts, it’s important to understand what is or is not included to accurately compare electricity kWh prices. Depending on the supplier, certain charges may be included as part of the price quote, or they may be passed through as separate charges on your bill. A rate that does not include all cost components could appear lower, however in the long run could be more expensive. It’s important to work with a company like Power Management who is well versed in the contract language and evaluating these various supplier agreements regularly in order to better educate you regarding which product, offer and electricity providers will work best for your business. In addition to the pricing components, considering your company’s risk tolerance, business goals and need for budget certainty can help determine if you are more comfortable with a fixed or variable pricing structure.
NATURAL GAS
NATURAL GAS STORAGE
Because demand for natural gas fluctuates daily and seasonally, underground storage of natural gas is an integral component of the nation’s energy system. The natural gas storage reserves enable utilities to offer consumer reliable service and the opportunity for more constant prices throughout the year. Storage of natural gas during periods of low demand helps to ensure that sufficient supplies of natural gas are available during periods of high demand.
Natural gas storage reports are released weekly and provide information about working gas volumes held in underground storage facilities at the national and regional levels. Changes in these numbers primarily reflect net withdrawals or injections for the week and can have an impact on natural gas prices.
For the most part, gas is injected into storage during periods of low demand and withdrawn from storage during periods of peak demand. The markets monitor these figures because inventory data can indicate supply and demand trends. If the increase in natural gas inventories is more than expected, it implies either greater supply or weaker demand; likewise, if the increase in natural gas inventories is less than expected, it implies either weaker supply or greater demand. The EIA report shows the net change of overall natural gas inventory levels as well as the inventory levels in regions for the current and previous week. It also provides inventories for the same period last year and the five-year average for historical comparison in order to compare natural gas prices.
ELECTRIC VEHICLE (EV) CHARGING
Electric vehicles are set to be half of all vehicles produced by 2030. Power Management is here to help you determine if an Electric Vehicle Charger (EV Charger) fits into your business plan. There are several incentives currently available that can make it ultra-affordable for both public and private organizations to install an EV charger on site. Power Management will help you to determine which of the following options, and how many, are the best fit.
TYPES OF EV CHARGERS
01
AC LEVEL 1
This type is often best for residential and at-home use. It will have a charging load of 1.4KW to 1.9KW and will add 3-5 miles of range per hour. This equates to 17-25 hours for a full charge on most vehicles.
02
AC LEVEL 2
This is the most commonly installed charger. It will have a charging load of 2.5KW to 19.2KW, 7 being the most typical, and will add 10-20 miles of range per hour. This equates to 3-8 hours for a full charge on most vehicles. This station offers the best service to most of those interested. The need for a full charge at many of our commercial and industrial client’s sites is atypical while still allowing for a significant impact for the duration that a patron may be shopping or working.
03
Creativity
DCFC stands for Direct Current Fast Charger, also known as "Super Chargers", that offer the highest charging capacity in excess of 150kW per port. Long-term operating costs are more significant than Level 1 & 2 equipment but are tempered through high-volume use.
BENEFITS OF EV CHARGERS
EV charging stations are an emerging commodity and drivers are seeking out in their travels. You can choose to add your station to a growing map of charging locations and attract potential patrons and clients while they wait for their vehicle to charge.
Though current demand may be limited, there was a 100% growth in EVs available from 2021 to 2022. This growth trend has fueled the incentives offered at both the federal and state levels to encourage businesses to install charging stations.
PROJECT TIMELINE
WHY CHOOSE POWER MANAGEMENT COMPANY AS YOUR EV PARTNER?
We see the value in the EV Infrastructure market and have made a considerable investment in building out an EV-dedicated Team over the last 18 months. Our experienced team of Engineers, Project Managers, and Project Developers offer unparalleled quality and professionalism when delivering turnkey projects.
A COMPLETE SOLUTION
Our company offers a fully turnkey solution from concept and design through construction and commissioning; we are responsible for the project from start to finish. Our team has a knack for leveraging the most lucrative incentives available across all utilities served. We net out any utility incentives from our turnkey price to reduce upfront costs and take on payment risk payment with Utility Company; we like to have skin in the game.
MARKET EXPERIENCE
We also understand the impact this will have on your energy bills. Our core business is understanding and navigating energy markets. Our team can educate and help protect clients from over/under charging for EV as a service. We have created several hundred use cases to determine cost of operation and can guide you in realizing and recouping energy spend.
TRUSTED PARTNERS
Power Management is a ChargePoint Value-Added Reseller. As such, we have access to top-tier pricing, are a trusted turnkey vendor, and have extensive knowledge of the ChargePoint network. ChargePoint has over 75% NA market share with over 130,000 electrified parking spots and growing. We carefully chose our partnership with ChargePoint after vetting options in our current market. Their continuing customer care is second to none.
Interested in Power Management Company services?
We’re here to help!
We want to know your needs exactly so that we can provide the perfect solution. Let us know what you want and we’ll do our best to help.
