Major Baltimore Purchasing Agency Saves More Than $11 Million a Year with Enel X
Like clockwork, the pumps turned off and we started earning incentive dollars.
Savings of $11 million each year is the primary benefit Enel X’s energy supply management services bring to BRCPC—along with a range of other powerful benefits:
A Partner for Innovative Energy Supply Management
With Enel X, BRCPC gains a partner committed to ongoing innovation in energy supply management—providing insights and innovations that help BRCPC get the best possible pricing on electricity for more than 3,200 commercial electric accounts. “Enel X is an exceptional partner,” says Myer. “They’re committed to meeting our energy needs. They bring wide-ranging, value-added expertise. And they’re always available to us when we need them.” While BRCPC provides clear direction and an approved risk policy, Enel X implements the strategy on behalf of BRCPC. It advises the group on how and when to buy blocks of power. It also provides clear communications about energy costs and issues to all BRCPC agencies.
Eliminating Retail Middlemen
The new Enel X energy supply management strategy enables BRCPC to purchase electricity right off the grid, reducing energy costs and simplifying energy procurement. The unbundled wholesale portfolio devised by Enel X is significantly more cost-effective than a fully bundled retail approach.
Better Management and Control
BRCPC has significantly reduced exposure to the inherent ups and downs of the retail electricity market. With the Enel X strategy, it connects directly to more cost effective wholesale markets, and in a way that offers the agency more control over its costs and risk. It gains a professionally managed portfolio of energy—one that benefits from Enel X’s experience and expertise.
A New Role for the Energy Buyer
With Enel X’s energy supply management strategy, BRCPC redefined the role played by its energy buyer, Pepco Energy Services. Pepco buys energy and earns a fee for this service, but it doesn’t have the broader responsibilities that a more traditional approach would entail. This reduced role for Pepco results in cost savings for BRCPC.
An Award Winning Approach
In 2006, the National Institute of Governmental Purchasing (NIGP) awarded its Innovations in Public Procurement Award to BRCPC. This award recognizes the high level of innovation and accountability that BRCPC brings to purchasing electricity—and the value of the new energy supply management strategy developed by Enel X.
Working together, BRCPC and Enel X continue to fine tune the energy procurement strategy in response to changes in the energy markets. Overall, the success of BRCPC’s strategy has led the organization to add natural gas purchasing to its portfolio, as well as utility bill tracking. It is also considering exploring the addition of heating oil and other types of energy and fuel to its strategy. In each case, Enel X provides the wide-ranging energy expertise necessary to keep costs low.
Enel X is an exceptional partner; they’re committed to meeting our energy needs. They bring wide-ranging, value-added expertise. And they’re always available to us when we need them.
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