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Mantis Solutions
Electricty Procurement
Diverse electricity procurement solutions tailored for your business
Managing electricity costs is vital for businesses, as it ranks among the top operational expenses. A well-crafted electricity procurement strategy can help you mitigate risks and allow you to focus on other critical business areas.
At Mantis, we customize procurement to meet your specific needs, directly impacting your bottom line. For low-risk clients, we offer fixed-rate solutions to ensure stability. For those with a higher risk tolerance, we provide index solutions that adapt to market changes. Additionally, our hybrid solutions allow you to lock in a portion of your contract, balancing stability and flexibility to best suit your needs.
The complexity of the electricity market, with its constant fluctuations and evolving demands, makes securing the best rates and terms a daunting task. But it doesn't have to be this way.
Optimized Electricity Procurement
In addition to traditional procurement methods, Mantis Innovation offers a reverse auction platform called Procure that helps businesses, government agencies, and schools procure the lowest possible electricity rates by having suppliers compete for their business. The platform simplifies the procurement process, saving time and reducing complexity.
Key Benefits
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Customizable Solutions
Customizable Solutions
Mantis can customize electricity procurement solutions based on your risk tolerance, consumption profile, and financial goals.
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Streamlined Process
Streamlined Process
Let us take care of the complexities of electricity procurement for you. We'll analyze your usage, find the best rates, and handle contract negotiations, freeing up your valuable time.
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Market Intelligence
Market Intelligence
Mantis offers valuable market intelligence by providing insights into trends and forecasts, enabling you to make well-informed decisions. This insight can provide cost savings, which can also be achieved by comparing rates from multiple suppliers and securing competitive rates.
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Comprehensive Review of Terms and Conditions
Comprehensive Review of Terms and Conditions
We emphasize protecting our clients' interests, ensuring that you are safeguarded against any potential risks or hidden clauses in the contracting phase.
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Post-Contract Customer Support
Post-Contract Customer Support
Mantis offers comprehensive ongoing support, ensuring you have assistance every step of the way. In addition to helping resolve any pre-contracting adjustments that are needed, we provide continuous post-contract support to address any issues and optimize your experience.
Our energy procurement process focuses on your unique energy needs.
01
Electricity-Use Assessment
To understand your organization’s electricity requirements, we analyze your budget, risk management goals, operational patterns, and historical usage data to identify cost-saving opportunities.
02
Strategic Planning
After completing your assessment, we develop a comprehensive electricity strategy tailored to your budget, risk tolerances, and your organization’s short-term and long-term electricity needs.
03
Choosing Your Rate, Term, and Supplier
Leveraging our extensive network of electricity suppliers, we compile a customized list of suppliers whose pricing, terms, and capabilities align with your objectives.
04
Electricity Contract Management
Once you’ve shortlisted your options, your Mantis Innovation Electricity Analyst will guide you through the contract process to ensure you fully understand the new terms. If contract modifications are needed, our team is always available to provide expert insights and assistance.
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Continuous Support
After securing your contract, your Mantis Innovation Electricity Analyst will continue to monitor electricity market conditions to ensure you remain well-informed.
Use Cases
K-12 Schools
K-12 schools can utilize our fully fixed-rate electricity solutions to ensure budget stability and predictability. With a fixed-rate plan, the school can lock in a consistent price per kilowatt-hour, shielding itself from the fluctuations of the energy market. This stability is crucial for schools, which often operate on tight budgets and need to allocate funds efficiently across various programs and resources. A fixed-rate plan simplifies financial planning and helps avoid unexpected spikes in energy costs, allowing schools to focus on their primary mission of providing for students.
Real Estate
Real estate companies with a high-risk profile can leverage index-based solutions for procuring electricity, where rates are tied to a publicly available market index. Unlike fixed-rate plans, index-based solutions fluctuate with the market, which can result in lower energy costs during periods of low demand or favorable market conditions. This approach can be particularly beneficial for large properties with significant energy consumption, as even small reductions in energy rates can lead to substantial savings. Additionally, index-based plans offer flexibility, allowing property owners to adjust their energy purchasing strategies in response to market trends, optimizing their overall energy expenditure.
Healthcare
Healthcare facilities can opt for a hybrid energy solution when procuring electricity to balance cost efficiency with reliability. A hybrid approach combines elements of both fixed-rate and index-based plans, allowing facilities to secure a portion of their energy at a stable, predictable rate while taking advantage of market fluctuations for the remaining portion. This strategy ensures that critical operations, which require uninterrupted power, are protected from price volatility, while still offering the potential for cost savings during favorable market conditions. Given the high energy demands and the critical nature of healthcare services, a hybrid solution provides a flexible and resilient approach to energy procurement, ensuring both financial stability and operational reliability.
Additional Insight
Additional Insight
Next Steps
Featured Solutions
These are offerings that go hand in hand with our Electricity Procurement Solutions.
- LED Lighting
- Smart & Connected Buildings
- Utility Bill Management
- Sustainability Consulting
- Building Automation & Controls
