Securing Renewable Energy with Cost Confidence
Challenge
A major municipal housing authority serving more than 58,000 residents across 168 multifamily buildings in Houston needed reliable, 100% renewable energy for its large portfolio in a volatile energy market.
Because organizations participating in HUD programs may access additional funding opportunities tied to renewable energy initiatives, the housing authority wanted to maximize the value of its procurement strategy without exposing residents and operations to unnecessary pricing risk. As inflation and market uncertainty continued to affect energy costs, the right contract structure remained critical.
Solution
Working closely with the housing authority, Mantis developed a procurement strategy that balanced sustainability goals with long-term financial stability. We provided clear steps for success:
- Evaluate energy requirements across the entire housing portfolio.
- Use a competitive reverse auction process to drive supplier participation.
- Secure a long-term renewable energy contract designed to reduce market exposure.
Using the Mantis Procure Reverse Auction Platform, the housing authority consolidated its portfolio into a single energy contract and invited extensive competition from suppliers. The strategy helped establish pricing certainty while securing 100% renewable wind energy for the communities it serves.
Results
By locking in a 49-month renewable energy agreement, the housing authority avoided exposure to market volatility and gained greater budget predictability. The competitive procurement process attracted significant supplier participation, helping the organization achieve favorable pricing while advancing its renewable energy objectives.
Performance Outcomes:
- 111 bidders competed during the procurement process
- 16 million kWh annual portfolio energy usage secured
- 49-month term locked in to mitigate market risk
- 100% renewable wind energy procured for residents
- 5,700 housing units supported under one contract