SOLUTIONS
Natural Gas Procurement
Professionally managed, diverse natural gas solutions
At Mantis Innovation, we cut through the complexity of natural gas procurement to bring you the best energy rates available from the nation’s top suppliers.
We do this through traditional procurement channels as well as through our reverse auction platform, Procure. Through the use of Procure, suppliers compete for your business making offers in real time, creating a favorable purchasing environment.
Mantis Innovation offers professionally managed, diverse natural gas solutions, which are designed to provide the best opportunity to save the most money over time. This innovative approach to purchasing natural gas provides cost saving opportunities for businesses of all sizes.
- Mantis Innovation is committed to seeking the best long term energy strategy for our clients, without allegiance to any particular supplier
- We help clients navigate the many options available to them based on risk tolerance, consumption profile and financial goals and advise on supplier contract terms and length
- We analyze trends and monitor industry developments to provide regular market intelligence to clients
- Mantis Innovation serves as a single point of contact and trusted advisor regarding all aspects of energy supply and management
Energy Procurement Solutions
Electricity Procurement
Our electricity procurement solutions combine unique fixed and index rate structures and are designed to provide the best opportunity to save the most money over time. More >
Hybrid Electricity Procurement
Mantis Innovation makes it simple to execute customized hybrid electricity purchasing strategies that combine both fixed and indexed rates. More >
Natural Gas Procurement
We offer an innovative approach to purchasing natural gas, providing cost saving opportunities businesses in all industries. More >
Green Energy Procurement
Renewable Energy Certificates (RECs) offer an excellent means by which your organization can shrink its carbon footprint while investing in the ever-growing clean power infrastructure. More >
Procure: Reverse Auction Platform
By using Procure, our proprietary Reverse Auction Platform, Mantis helps businesses of all types procure the most competitive rates possible. More >
Our Natural Gas Procurement Solutions
Fixed Price Solution
A “fixed” price solution provides businesses the ability to secure an all-inclusive per-unit price for a given volume and definite term for their natural gas needs. It’s a simple, stable solution for entities seeking cost stability and budget certainty.
- Cost Stability (price is protected from fluctuations in the natural gas market)
- Potential for Budget Certainty (more easily manage your budget knowing your energy costs in advance)
- Simplicity (limits the need to make ongoing natural gas management decisions)
- Potential risks include market risk (in declining markets a fixed rate can lead to a higher overall cost than an index- based rate), rate changes based on material changes in usage patterns, and in certain cases, additional costs in the event of regulatory changes or commodity peak situations
- Supplier contracts may be subject to “usage bands” in which the all-inclusive price is limited to a range of usage (usually a percentage above and below historical or projected usage amount); otherwise an index or other variable rate applies to the overage or clients may be charged for the underage
Index Price Solution
An Index Price Solution offers the flexibility of pricing that reflects wholesale market conditions and often includes the ability to make adjustments when the market drops.
- Index + basis pricing offerings enable businesses to purchase their natural gas at prices derived from the NYMEX and Gas Daily indices
- Often provides flexibility to respond to favorable market conditions while floating on market prices
- Saving opportunity as risk premiums associated with fixed-rate strategies based in the future & forward markets are avoided
- Purchase the natural gas commodity at a daily index price, while obtaining a fixed rate for the more volatile transportation cost of the commodity to the region (commonly referred to as “basis”)
- Potential risks include market risk when gas prices are highest or have sustained upward trends (allows for potential savings, but at times you could be subject to the highest prices)
Our Technology
Procure
Strategic & Intelligent Energy Procurement
By using Procure, our proprietary Reverse Auction Platform, Mantis helps businesses of all types procure the lowest possible electricity and natural gas rates.
Market Update – October 28, 2024 - This market update includes a natural gas storage update, electric and natural gas price movement, and a weather outlook. By… Read More
Mantis Innovation Announces New Vice Presidents of Sales to Enhance Leadership Team - Key drivers for winning the ERCG awards include treating suppliers like partners, having a fair and transparent process for winning… Read More
Mantis Innovation Recognized as Overall Best for Supplier Satisfaction by ERCG - Key drivers for winning the ERCG awards include treating suppliers like partners, having a fair and transparent process for winning… Read More
Mantis Innovation Leaders Join TEPA Board, Elevating Commitment to Advancing Competitive Energy Markets - Mantis Innovation attended The Energy Professionals Association’s (TEPA) 18th Annual National Conference in Austin, Texas on November 7-9, where it… Read More
Related Solutions
Energy Procurement
What if you could procure your energy in a more efficient way and manage that cost better over time?
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