Retail energy costs are often a black box. Your organization has a set budget, but all of a sudden you have unexpected energy costs. It happens much too frequently. Organizations wonder, what can they do to both control and predict energy costs? 

What is a retail energy management solution?

Retail energy management solutions are software systems that give you important insights into your organization’s energy consumption and cost. These systems allow you to understand energy usage, see historical energy consumption, as well as forecast, manage and minimize costs. 

What should you look for in a retail energy management solution?

Retail energy management solutions should offer insight into your organization’s energy utilization and needs in a way that provides a clear return on investment. The solution you choose should also provide case studies and customer success stories that show that it has provided strong, successful outcomes for clients over the years. 

How do you make sure that you get savings and maximum financial benefit from an energy management solution?  

Choose a solution that provides insights and forecasts which are most likely to result in reduced energy costs. Many retail energy management solutions have a lot of bells and whistles, but they don’t necessarily benefit your bottom line as much as they should. An effective solution should deliver budget certainty and, ideally, year over year savings. If the solution you are considering can’t demonstrate a return on investment, then it probably isn’t the ideal solution for you. 

What’s an example of a solution that delivers a return on investment?

The Megawatt Hour is a company that has been minimizing energy costs to businesses and organizations for over 10 years. Clients include hospitals, universities, commercial real estate companies, and more. The way that they are able to guarantee savings is by:

1. Data driven alerts that allow their customers to buy on price dips and lock in energy savings
2. Create vibrant competition for customer business completely transparently
3. Eliminate reliance on energy brokers or consultants
4. Provide better value and data without the middleman
5. View cost data that is behind supplier price quotes to make sure you are getting the best price at the right time
6. Data driven, forward looking, transparent data and information allow customers to plan and manage energy costs instead of being merely price takers

Do you want to minimize your organization’s energy costs, year over year?