Hybrid Electricity Procurement
Why hybrid products can be the best strategic choice for your business
Electricity expenses make up a large portion of a facility’s operational costs, so it is important to effectively manage this spend over time.
Traditionally you are billed at either a fixed or index rate, which are two equally risky alternatives depending how the future market performs. However, there are other options available, so why not reduce price risk with a purchasing strategy that includes both fixed and indexed? A hybrid purchasing strategy offers flexibility and can help facilities save on their bottom line.
Mantis Innovation makes it simple to execute a customized hybrid electricity purchasing strategy to realize long-term benefits.
Hybrid Solutions Key Points:
- Fix in a percentage of your electricity usage at a determined rate and settle the remaining volume on an hourly index over the term of the contract.
- Good for clients who want to reduce price risk and have more flexibility in managing their electricity costs.
- The fixed percentage amount remains the same as selected every hour of a contract, unlike old block and index products.
- Solutions can offer protection from future market prices moving up or down by diversifying costs between fixed and index.
- A structured, systematic plan that reduces exposure to electricity price volatility through an automated, time-diversifying, percentage fix-in program developed at time of contract.
- Employ the principles of market timing and price targets to eliminate guesswork.
Energy Procurement Solutions
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 >
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