Strategic energy procurement has been a top priority for companies to source green energy, deal with market price volatility, and drive down the cost of their operations. However, understanding the complex energy procurement landscape and choosing the right suppliers require not only time and effort but also in-depth industry knowledge. This highlights the importance of a reliable partner that can equip companies with a powerful energy procurement strategy to enable immediate cost savings, risk mitigation and/or foster environmental sustainability.
Enter EnerConnex. As a trusted energy advisory consulting firm, EnerConnex combines extensive industry expertise with tech-enabled processes to help companies manage their power, natural gas, energy risk, and carbon management objectives with little effort on their part. The company caters to a vast clientele comprising businesses in nearly every vertical, from commercial and government to industrial and institutional. EnerConnex is a wholly-owned subsidiary of energy infrastructure company, SJI.
“Amidst several energy consultants in the market, we stand out because of our technology, people, and proven processes,” says Tony Barnhart, Managing Director of EnerConnex. EnerConnex tailors a comprehensive energy procurement strategy that helps companies accomplish their carbon management and environmental, social and governance (ESG) objectives. The company enables businesses to include carbon-free, greener power as part of their energy agreements and undertake behind-the-meter renewables initiatives while helping them reduce their overall consumption through robust energy efficiency measures.
Amidst energy market volatility, commercial and industrial customers are faced with a substantial increase in commodity rates.
To this end, ECX Marketplace— EnerConnex’s proprietary online energy procurement platform—helps companies select suppliers offering the lowest price and best terms available in the market. This tech-enabled platform streamlines and optimizes the contracting process for customers by helping them structure an agreement that is best suited for their needs and choose from one of the largest supplier networks in the industry. With ECX Marketplace, customers can also track carbon reduction and monitor energy consumption.
ECX Marketplace brings customers’ requirements to the procurement marketplace through a transparent process. As part of its procurement strategy, EnerConnex tests various parameters to discern price, term, tolerance bands and the percentages of renewable energy in the contract. The company’s energy experts then meet with customers to review the results and analytics to help make informed business decisions.
Amidst several energy consultants in the market, we stand out because of our technology, people, and proven processes
EnerConnex follows a meticulous approach to delivering solutions that help customers improve their energy procurement strategy. To begin with, the EnerConnex team listens to customers to understand their goals and challenges. The company then helps them mitigate commodity price risks, reduce energy consumption, simplify environmental reporting, and achieve energy budget certainty through its cloud-based platform. Backed by a team of industry leaders with 120+ years of collective energy procurement experience, EnerConnex boasts a customer retention rate of over 90 percent. The company was instrumental in helping the Community YMCA of Delaware County strategize a cost-effective energy plan by using a tech-enabled process with transparency to deliver desired results. The client employed a single source supply solution for their electric and natural gas procurements, which led to exorbitant energy costs. Through its ECX Marketplace platform, EnerConnex provided a highly transparent process, enabling the client to get quotations from 15 different electricity suppliers in the marketplace. EnerConnex effectively monitored the market, ascertained the best price and term for YMCA’s energy procurement agreement, and helped them transition from brown power to green power. As a result, the client could achieve an 8 percent cost reduction and operate on 50 percent renewable energy.
EnerConnex has come a long way from being a pure-play electricity and natural gas procurement company to helping customers ensure their energy efficiency and carbon reduction goals. “We are committed to helping our customers sign the best deals and meet their green energy and sustainability goals,” notes Barnhart.