Titan Energy worked with an international manufacturer to meet cost-saving targets, mitigate risk and help enhance a centralized energy procurement approach by paying closer attention to each site. Prior to working with Titan, the manufacturer’s energy accounts were contracted on a one-size-fits-all energy procurement approach, with scant attention paid to the unique characteristics of individual markets. As a result, there was very little transparency into whether the manufacturer was actually saving money.
Approach and Solution
At a Glance:
Building Type(s): Industrial
Services Performed: Electricity and Natural Gas Procurement
Using a comprehensive utility bill audit, Titan Energy’s market support team evaluated the client’s utility usage and demand profile. With locations across North America, Titan helped establish a solid baseline understanding of the benefits and risks of each energy market they operate within. Titan Energy with its large array of supply options, the company was able to expand its network of top energy suppliers across diverse deregulated energy markets.
Titan Energy issued a customer Request For Proposal (RFP) on the customer’s behalf, negotiating the most competitive rates, simplifying the legal review process and onboarding the client onto a data management platform to track costs and savings. Titan was able to lock in a fixed-rate product until 2024, offering both immediate savings and protection against any future market pricing shifts.