The Business Case for Energy Procurement

Do you know whether your state's utilities are regulated, partially de-regulated, or fully deregulated? Depending on what state(s) your buildings are in, natural gas and/or electricity can be purchased competitively... and we can help you navigate the process!

 

FAQ

  • If I buy my natural gas and/or electricity from an alternative energy supplier, how does the power get to my building?

    Foresight will collect and consolidate all of your utility bills (electric, natural gas, water) onto our web based dashboard. Foresight compiles the data into simple, singular monthly reports in order to quickly educate you on how your building(s) is performing. Historical performance is compared with current performance normalizing consumption, cost, weather, and number of billing days.

  • If I leave my local utility for an alternative energy supplier, can I ever go back to the utility? If so, how often, and are there penalties?

    Foresight is the singular platform for your organization to track and share a variety of sustainability metrics. From recycling and composting, to VOC’s of air emissions, Foresight makes it easy to measure and manage the aspects of your organization that impact the broader community. With Foresight, you can seamlessly share your sustainability reports with clients, vendors, suppliers, team members, and shareholders.

  • How many different alternative energy suppliers are there? Does it matter which one I choose to buy from?

    Foresight is an Energy Star Partner and automatically integrates with Portfolio Manager, the EPA’s online energy management and tracking tool. After benchmarking your building, some buildings will be eligible to receive a 1-100 Energy Star Score. Buildings with an Energy Star Score of 75 or greater may apply for the Energy Star Certificate.

  • Will I still get a bill from my local utility if I buy from an alternative energy supplier?

    In addition to your utility bills, Foresight allows the storage of any document of your choosing as it relates to energy and sustainability management. Does your organization currently have internal spreadsheets, Word docs, and PDFs that you use to track various metrics? With Foresight, you can easily house it all in one place and turn your de-centralized data into meaningful information.

  • What if I have issues with my electricity or natural gas in my building? Who do I contact for help?

    In addition to your utility bills, Foresight allows the storage of any document of your choosing as it relates to energy and sustainability management. Does your organization currently have internal spreadsheets, Word docs, and PDFs that you use to track various metrics? With Foresight, you can easily house it all in one place and turn your de-centralized data into meaningful information.

  • Is MEG an alternative energy supplier? If not, what is your role?

    In addition to your utility bills, Foresight allows the storage of any document of your choosing as it relates to energy and sustainability management. Does your organization currently have internal spreadsheets, Word docs, and PDFs that you use to track various metrics? With Foresight, you can easily house it all in one place and turn your de-centralized data into meaningful information.

  • Do I have to commit to a certain length of contract with an alternative energy supplier?

    In addition to your utility bills, Foresight allows the storage of any document of your choosing as it relates to energy and sustainability management. Does your organization currently have internal spreadsheets, Word docs, and PDFs that you use to track various metrics? With Foresight, you can easily house it all in one place and turn your de-centralized data into meaningful information.

  • How long is a typcial procurement contract?

    In addition to your utility bills, Foresight allows the storage of any document of your choosing as it relates to energy and sustainability management. Does your organization currently have internal spreadsheets, Word docs, and PDFs that you use to track various metrics? With Foresight, you can easily house it all in one place and turn your de-centralized data into meaningful information.

  • Do all energy procurement contracts lock my company into a fixed price, or are there variable priced options available?

    In addition to your utility bills, Foresight allows the storage of any document of your choosing as it relates to energy and sustainability management. Does your organization currently have internal spreadsheets, Word docs, and PDFs that you use to track various metrics? With Foresight, you can easily house it all in one place and turn your de-centralized data into meaningful information.

  • Will I only be procuring brown energy? Does Foresight participate in renewable energy procurement?

    In addition to your utility bills, Foresight allows the storage of any document of your choosing as it relates to energy and sustainability management. Does your organization currently have internal spreadsheets, Word docs, and PDFs that you use to track various metrics? With Foresight, you can easily house it all in one place and turn your de-centralized data into meaningful information.

 

Case Study

Over the past few years, a West Michigan retailer had been purchasing gas from an alternative energy supplier (AES) for their 13 locations. After signing up for Foresight Advanced, our engineers discovered how to significantly reduce their gas costs by moving to a more competitive supplier. Through research of multiple AES's, our team found a supplier with a lower offering price, saving the retailer $6,600 across their locations in the first two months!

 

Our Foresight Advanced service level gives your organization access to our certified energy procurement specialists. Ready to bump up to Advanced? Email Christopher to set it up.