If you’re a regular visitor to our site, the facts should come as no surprise. It’s estimated the average North American household spends nearly $6,000 on power each year. The U.S. Energy Information Administration reported residential consumers should expect a 3 percent rise in prices this year – representing the largest increase since 2008.
Given these numbers, the race is on to find more efficient, cost-effective ways to procure and manage power. For the typical business or consumer, that’s no easy proposition. And the challenge is even more daunting for those who are really struggling financially – and the non-profits dedicated to making their lives a little easier.
With one in every six people in America facing hunger, the problem isn’t going away. It’s clear that everyone must pitch in and find new ways to cut costs, whenever possible. That’s why it made perfect sense when our Good Energyteam in Texas stepped up to help. The idea was straight forward – leverage Good Energy’s years of energy management experience to assist non-profits in lowering energy procurement and management costs. These lower costs can then be translated into putting meals on the table for deserving families. And the results have exceeded expectations.
By watching the market and identifying an opportune time to make an energy purchase, our team has helped more than seven regional food banks in Texas lock in much lower rates for their energy. This was no easy proposition. The price for electricity and gas is based on the futures market – which is extremely volatile. But if you know the space and its power players, it becomes a much easier chore to bid and lock in the most attractive rates.
In fact, since we began this program for non-profits just over five years ago, our Texas effort has helped these food banks reduce energy costs by 30 percent! And with one dollar in savings representing enough money to supply four new meals, these results are nothing short of amazing.
During the next year, we hope to expand this program across other regions – and efforts are already well underway in New York City. If you’re interested in learning more – or becoming part of the program – we encourage you to contact info@goodenergy.
Working together, we can all help. Even if it’s just one Kilowatt at a time…
Posted By Jeff Feith