Mantis Solutions

Natural Gas Procurement

Streamlined natural gas procurement with the most competitive rates

Mantis' diverse and expertly managed natural gas solutions are crafted to help businesses save money over time. With our innovative approach, businesses of all sizes can find cost-effective opportunities in natural gas purchasing.

We use both traditional methods and our cutting-edge reverse auction platform, Procure. This platform allows suppliers to bid against each other in real time, driving down costs and creating a competitive edge for you.

Our goal is to simplify the complexities of natural gas procurement, ensuring you get the best rates from top suppliers nationwide
 

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Simple, Data-Driven Natural Gas 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 and natural gas rates by having suppliers compete for their business. The platform simplifies the procurement process, saving time and reducing complexity.

 

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Key Benefits

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Tailored Solutions for Your Goals

Mantis' natural gas solutions are tailored for each of our clients depending on a number of factors, including risk tolerance, consumption profile, and financial goals.

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Consultative Approach

We operate independently of suppliers, and will advise our clients on the best fit product and provider for their goals.

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Ongoing Market Insight

Mantis monitors the natural gas market to provide insight into trends and forecasts, enabling you to make well-informed decisions.

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Cost Efficiency

Mantis uses market intelligence to inform optimal buying time and uses innovative platforms like Procure to compare rates from multiple suppliers and secure the most competitive rates.

Partnerships
Trusted Customer Support

Before signing a contract, we thoroughly review the terms and conditions of energy contracts, ensuring that you get a favorable agreement. Post-contract, we assist in any disputes that may arise.

Our natural gas procurement process focuses on your specific energy goals.

 

01

Natural Gas-Use Assessment: To understand your organization’s natural gas needs, we review your budget, risk management goals, operational patterns, and historical usage data to identify opportunities for cost reduction.

02

Strategic Planning: After completing the assessment, we develop a comprehensive natural gas procurement strategy tailored to your budget, risk tolerances, and both short-term and long-term needs.

03

Select Your Rate, Term, and Supplier: Leveraging our extensive network of natural gas suppliers, we create a customized list of suppliers whose pricing, terms, and capabilities align with your objectives.

04

Contract Management: Once you’ve shortlisted your options, your Mantis Innovation Energy Analyst will guide you through the contract process, ensuring you fully understand the new terms. If contract modifications are necessary, our team is always available to provide expert insights and assistance.

05

Ongoing Support: After securing your contract, your Mantis Innovation Energy Analyst will continue to monitor market conditions to ensure you remain well-informed and can make adjustments as needed.

Use Cases

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Universities / Colleges

Higher education institutions can choose a fixed-rate solution when procuring natural gas to ensure financial stability and predictability in their budgeting process. With a fixed-rate plan, the institution can lock in a consistent price per unit of natural gas, protecting itself from market volatility and unexpected price spikes. This is particularly important for educational institutions, which often have tight budgets and need to allocate funds across various departments and initiatives. By securing a stable rate, the university can better manage its operational costs, allowing it to focus more resources on enhancing educational programs, research, and student services without the worry of fluctuating energy expenses.

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Department Stores

A retail facility, such as a department store, might opt for an index-based energy solution when procuring natural gas to capitalize on potential cost savings linked to market dynamics. Unlike fixed-rate plans, index-based solutions allow the facility to benefit from lower natural gas prices during periods of decreased demand or favorable market conditions. This approach can be particularly advantageous for large retail spaces with significant energy consumption, as even minor reductions in natural gas rates can lead to substantial savings. Additionally, the flexibility of an index-based plan enables the department store to adjust its procurement strategy in response to market trends, optimizing its overall energy expenditure and enhancing its ability to manage operational costs effectively.

"We knew we were in good hands with Mantis Innovation. During our first reverse auction, they constantly monitored the market and worked to get us the lowest Electricity rate possible, so when it came time to secure our next Natural Gas contract, there was no question which service we should use."

James Meehan
Executive Director, Rahway Valley Sewerage Authority

"The auction process was so simple. Within 5 minutes, I saw energy companies competing for my business by offering significant discounts. Our auction offered a 28% annual savings over current energy costs. I decided to commit to a time period, and my busines began saving on our energy bill—no gimmicks, just pure savings. I highly recommend Mantis."

Scott J Tourville
CEO, Zeus Scientific, Inc.

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Next Steps

Weekly Market Update

We offer a weekly newsletter sent to your inbox with the latest energy market insights including a natural gas storage update, electric and natural gas price movement, and a weather outlook.

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Featured Solutions
Natural Gas Procurement is a great solution, but do you know what makes it even greater? Pairing it with any of the offerings below!
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