Energy is one of the top five operating costs for most businesses, and in today's volatile energy environment, managing your energy costs is more critical than ever. The right energy procurement strategy can help your business to control expenses, manage risk, and ensure long-term sustainability. 

However, navigating the complex energy market can be challenging. With fluctuating prices, diverse suppliers, and intricate contract terms, securing the best energy deals requires expertise and time that many businesses simply don't have in-house.

This is where an experienced energy advisor can make a difference. By leveraging their market knowledge, vendor networks, and technologies, energy advisors can help you secure the most favorable rates and terms, allowing you to focus on your core operations.

Why This Topic Matters:

Understanding the importance of effective energy procurement can help your business thrive in a competitive market. Learn how an energy advisor can benefit your business with insights and examples from Mantis Innovation.

• Cost Savings: Secure competitive rates and reduce energy expenses.
• Risk Management: Mitigate risks associated with energy price volatility.
• Time Efficiency: Free up valuable time by letting experts handle the complexities of energy procurement.
• Sustainability: Support your sustainability goals with strategic energy sourcing.

Client Benefits

Pricing 

Your company deserves the best pricing for your energy needs. Mantis Innovation helps you mitigate pricing risk and secure the best deals by having energy suppliers compete for your business. With Procure, our proprietary Reverse Auction platform, you can obtain the lowest possible electricity and natural gas rates available on the market. Mantis works for you, not for the suppliers.

Expertise 

Every company has unique energy needs and challenges that require expert guidance. Mantis Innovation is your trusted partner in navigating the complex and dynamic energy markets, helping you make informed decisions. Our extensive market knowledge ensures you get the best rates and terms for your energy needs.

Strategy 

A clear and effective energy management strategy that supports your business goals is paramount. Mantis works with you to understand your energy consumption patterns, identify opportunities for efficiency and sustainability, and create a customized energy plan that suits your needs. We are more than just a service provider; we are your strategic partner in energy management.

Variety 

We listen to your energy needs and preferences, offering a wide range of energy products and services tailored to your situation. Choose from fixed, variable, or hybrid pricing, renewable energy certificates, demand response, or energy efficiency solutions—whatever best suits your business. No matter your choice, we are here to support you and help you save money and the environment.

Simplicity 

At Mantis, clients are our priority. We handle all the paperwork and hassle involved in securing the best energy prices, comparing different offers, signing contracts, and maintaining good relationships with suppliers on your behalf.

Knowledge 

Receive expert advice from Mantis on when to lock in your rates based on energy market trends. Enjoy transparent contract terms and conditions with no hidden fees or penalties. Mantis is your trusted partner in protecting you from market risks and contract pitfalls.

Ongoing Support 

Benefit from regular reports and updates on your energy spending and dedicated support to help you with any issues or questions during your contract term.

Sustainability 

Achieve your environmental and social goals with Mantis. Reduce your carbon footprint and support renewable energy sources by choosing green energy options that we help you identify and procure. Demonstrate your corporate social responsibility and enhance your brand reputation by showcasing your energy achievements with our help.

Supplier Network 

As a client of Mantis, you benefit from our network and reputation in the industry. Access exclusive deals and opportunities that may not be available to you directly, thanks to our established relationships with reputable energy suppliers.

Personalization 

We listen to your specific needs and preferences and adapt our solutions to suit you best. Expect respect, honesty, and reliable delivery of our promises.

Real-World Examples

Here are some success stories that highlight how our clients have thrived with Mantis Innovation and the additional capabilities we’ve provided as an energy advisor:

• Mantis successfully leveraged its supplier relationships to restructure contracts for clients facing substantial MAC Charges. One client, in particular, would have incurred an additional charge for the Energy MAC if they had chosen not to proceed with the restructuring. We were able to help them avoid a $20,000 charge.
• Mantis assisted a large housing authority in improving their organization. The client was to be billed summarily once the contract with the supplier came into effect due to their large volume of accounts. We collaborated with the supplier to accommodate the client's billing, a process that was quite lengthy. This change led to some confusion and lingering back balances from before the switch was made. They received several shut-off notices due to nonpayment, further complicating matters. The supplier incorrectly applied balances, and statements displayed incorrect amounts. We facilitated calls with both the client and the supplier to rectify this and have made significant progress since then. This saved the client over 20 hours and alleviated much stress.
• We are continually working with suppliers to have ETF (early termination fees) waived or reduced for dropped accounts. Some ETF amounts are too large to be waived entirely; in these cases, we collaborate with suppliers to explore available options. We have an 80% success rate in at least reducing the fee.
• We have had a few clients with missing usage data from the Utility for extended periods. We ensure regular follow-ups with the supplier to confirm they are working with the Utility to correct this. We also arrange payment plans for clients who receive a large bill all at once due to the delay.
• We send out back balances to ensure clients are addressing them, preventing their accounts from dropping and incurring ETF amounts. We also obtain extensions on drop notices while they are being worked on or resolved with suppliers. This is a task that the average business would not have the time or resources to manage.
• Mantis alerts hold/over clients to dropping accounts due to nonpayment, only to discover that they no longer own the accounts. We recently advised a client to backdate a drop request with the Utility, helping them avoid a $51,602.97 back balance.

What Does This Mean?

Mantis Innovation goes beyond just offering competitive pricing. We deliver strategic energy procurement, expert guidance, personalized solutions, and ongoing support tailored to your unique needs. Our commitment to sustainability empowers you to achieve your environmental goals while optimizing your energy strategy. The real-world examples we've shared demonstrate our ability to navigate complex energy markets, save you time and stress, and make a direct impact on your bottom line. 

Trust Mantis Innovation to be your strategic partner in energy management. Contact us today to get started.