5, an energy advisory and procurement services firm, introduced their services to the Allegany Museum through the Alliance Purchasing Cooperative. The museum felt it was paying too much for electricity, and engaged 5's energy advisors to audit their bills and evaluate their current pricing as compared to market.
Based on their initial review, the 5 team found that the Allegany Museum's energy rates were high and volatile given the current market, and their pricing structure was not transparent.
Upon approval by the museum the 5 team negotiated a more favorable rate, with a transparent pricing structure, with an alternative energy provider. As a result, the Allegany Museum is projecting to save 20% on their electricity costs in 2015. Plus they now have much more transparent pricing in place, and a partner who will audit their invoices to ensure it stays that way.
Energy rates continue to remain low and now is a great time to evaluate options to lower costs and control volatility. To learn more about how 5 Energy Advisors can help your institution control its energy procurement cost, click here to learn more about their program and contact a team member.