Price Watch Aggregation
What is Northeast Energy Partners’ Price Watch Aggregation product?
Northeast Energy Partners (NEP) is the largest licensed Aggregator in the Northeast. NEP uses its size and experience as a huge competitive advantage by combining hundreds of commercial and industrial businesses together to form a large buying group. NEP is able to take the Price Watch Aggregation and shop it to all of the approved retail suppliers and negotiate the absolute lowest electric rates possible and the most favorable contract terms. In fact, we have found that our Price Watch Aggregation consistently obtains significantly lower pricing than businesses are able to achieve on their own.
In addition, many businesses that are not large energy users often do not meet the minimum volume requirements of most retail suppliers. Our Price Watch Aggregation allows all commercial and industrial customers, regardless of energy usage, to participate and receive the benefit of a large buying group.
As the Price Watch Aggregation grows in size, NEP’s leverage increases and more retail suppliers are willing to reduce their margins and be more competitive with price and term. The bottom line is “when suppliers compete for your business, you win!”
What are some of the benefits of the Price Watch product?
In addition to all of the bargaining power that comes with being part of a large aggregation, you will also enjoy the benefit of having a team of dedicated professionals watching the markets on your behalf. The sheer volume of kilowatts involved in the Price Watch Aggregation allows NEP to negotiate the best price and terms for the entire group, and your enrollment gives us the authority to respond quickly and take advantage of any market dips. NEP has successfully locked in favorable rates for thousands of customers who are currently enjoying substantial savings through long-term rate stability.
What is the Cost to be in the Price Watch Aggregation Program?
There is no cost to be enrolled in the Price Watch Aggregation Program. All you need to do is simply provide NEP with your company information and one of our dedicated Account Managers will walk you through the enrollment process. It’s easier than you might think. We’ll do all the work for you.
What type of results can I expect from the Price Watch Aggregation?
A recent Price Watch Aggregation had over 896 accounts with a total electric load of 265,000,000 kWh annually. Due to the massive buying power created by a contract load of over 1 billion kWh, we were able to secure fixed pricing of 7.9 cents per kWh for a term of four years. With this kind of buying power it is easy to see how your company can benefit from NEP’s Price Watch.
Past Aggregation members include:
• Town of Orange, Massachusetts
• Providence & Worcester Railroad
• Town of Spencer, Massachusetts Schools
• Alpha Grainger
• Honey Farms