Contract Audits Are Smart Business

You had a plan, then the world changed – overnight.

We all did. That 2020 plan and projection was cruising to the end of Q1 when coronavirus brought it all to a grinding halt in a matter of weeks. 

You may have operated through similar, sudden disruption in the past (2001, 2009). What do these times call for? Contract review – for all of your contracts and agreements. But especially your energy positions. 

Buying energy is like investing and with all investments, things can change that require another look and we’re definitely in one of those times. When was the last time you had a thorough review of your energy contracts?

Here’s how a recent contract audit saved $100,000 over 4 years for one of our customers;

• Owner purchased a master meter property
• Our team did the pre-purchase audit and uncovered an out clause in the current 5.3 cent energy agreement.
•  EnergyServ Solutions immediately renegotiated the rate and closed, saving the owner $25,000 a year over the next four years.

When things became unstable in March, here’s what happened to another property owner;

• Owner had two properties they purchased in January 2020
• The retailer allowed them to sign an assumption for the energy agreement but then requested a deposit two months in to the agreement
• EnergyServ Solutions is negotiating new rates for both properties right now.
• Owner will now prepay each month for the next bill until the agreement is up in May 2020 – instead of paying a $25,000 cash deposit.

During uncertain times it’s helpful to have an experienced partner working for your best interest. We currently manage over 250 properties and have saved our clients over $1 million dollars on their energy spend. Interested in learning more? Send me a note [email protected] or call me direct at (214) 263-7092.