Supply Side Energy Management

The goal of supply side energy management is to organize this complexity. While demand side energy management focuses on saving energy, supply side management involves choosing energy resources and then orchestrating them in the most cost-effective configuration for your operation.

When coordinating the energy resources available to your business, timing is a critical consideration. Energy prices change almost constantly and will largely determine which mix of energy resources you should use at any given time.

Greenday is a Licensed Energy Consultant in the State of NJ.

Customer First philosophy

Every customer matters! Customer engagement is not just about sales.  It is a philosophy that allows GDE to be a holistic energy manager on behalf of a company.  We will not employ robo-callers or misleading mass marketing campaigns.  We are in relationships for the long term.  When mistakes or disagreements happen, we will detail the reasons, work with both sides to correct any issues to a reasonable conclusion.  We believe in building relationships, trust takes time and experience.

The value in Reverse Auctions

Reverse auctions area service that we can offer for customers whom have a load >1,000,000 KWH’s annually.  We don’t set this minimum threshold, it is the threshold that would allow suppliers to have enough incentive to discount pricing based on volume, rather then aggregate many smaller customers in hedged blocks of energy. Vendors put in a bid and the clock counts down to zero.  The client can take the bid or leave it.   Like anything else the price of energy is dependent on weather, supply-demand, and politics.  Reverse auctions can come out better or worse than traditional pricing model (working with a supplier every day that provides preferred pricing to a broker consultant that provides them consistent & constant volume.)

Green Day Energy recognizes that the energy industry is changing and evolving. With that in mind Here are our pledges to each customer.

  • We will review exactly what rate you are currently paying and use that as a baseline.
  • We will take a snapshot of your facilities operation to determine how we can help.
  • We will review the utility bills to determine if errors exist. We will make suggestions if they do.
  • We will only make suggestions to your company that save money.
  • We will explore feasibility and viability of Demand Management/Demand Response.
  • We will inquiry if Energy Efficiency services and state or utility rebates are a sensible option.
  • We will ask questions about your operations & risk appetite to determine which product is right for you
  • We will only use reputable vendors that have been vetted by us and come recommended.
  • We will follow up before any contract expires by call and by email.
  • We will treat customers with respect, treating them how we would want to be treated

Why is it cheaper to buy from a supplier then a Utility?

  • First thing, it is not always less expensive, but, there are savings opportunities. Here are the reasons why.
  • Utilities either generate their own energy or purchase from either non-utility generators or from the power grid the moment it is needed. When they resell it to ratepayers, they do so on an agreed upon tariff. A tariff is a state public utility commission approved rate schedule to allows charges to be made to customers. Since a Utilities are considered the supplier of last resort, the public utility commission typically allows them to make at least 11% internal rate of return on just the energy they sell and distribute. Since 11% IRR is typically a 40% mark up, many other suppliers would be willing to sell their energy at a lower mark up.
  • Did you know that 1% of the time energy is typically 10X to 100X more expensive? Wouldn’t it make sense to work with GDE to figure out how to not use power during these times that the utilities pay dramatically higher prices more for power? This strategy is called demand management and it is always heavily impactful to the rate ratepayer’s pay. Again depending on customer’s ability or tolerance or ability to shut off power during these times when power is so expensive will likely justify a significantly lower rate from the utility or the power generator doing business with Green Day Energies ratepayer.

I have solar at my building. Does it make sense to buy power through GDE? The answer is it depends and needs to be reviewed on a case by case basis. Here are a few examples of where it may or may not make sense.

  • Solar never completely covers my usage. If you have solar that is only covering a piece of your overall usage, and your still buying a significant amount of power from the power company and it is consistent usage, then yes it would definitely benefit you to review pricing verses investor owned utilities.
  • I produce more solar energy then I use and only get billed for utility power intermittently. No it doesn’t usually make sense to buy power through a supplier. You will be selling energy back to the power grid at the Wholesale price typically ¼ to 1/3 of the retail price. Typically, suppliers are not competitive with standby usage that is not consistent load they can

Energy Savings Performance Guarantee

We guarantee that we will deliver on any promise that we make, even if we have to write you a check to make good on that promise.  Keep in mind that we are not responsible if customers are not responsive to our proactive to existing agreement.  We also qualify that we can certify the savings of equipment we install but cannot be held liable for equipment that we don’t cause or a material change in usage.  Finally, any pass through charges from the power grid (PJM) which were not in place at the time of an agreement or could not have been anticipated would not be part of any of our performance guarantee’s.

Electrification and why locking in to fixed rates matter right now

Electrification a trend in the energy industry, simply put, more dependence on Electricity as a primary energy source.  The capacity of the power grid is based on the world as we know it.  But as we start switching cars over to electricity from fossil fuels there will be a strain on the power grid.  Right now the power grid has no way of anticipating future demand.  However since it seems very likely that there will be more EV charging stations, future energy prices will trend higher than they are currently.   Hence a fixed price product would be desirable to secure today to avoid these future rate increases

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