ECNG expertise helps a property management company solve its monthly gas attack.
Background: Pac-Mar Holding is a small property company that manages four apartment buildings comprising 150 individual units heated by gas.
Problem: With rents under a freeze but utility costs fluctuating wildly, Pac-Mar was running into budgeting problems. Pac-Mar simply did not know what their gas bills were going to be until they arrived in the mail!
Solution: ECNG introduced Pac-Mar to their ‘Managed Portfolio’ package that brings a disciplined buying approach to smaller commercial, gas consumers. By aggregating Pac-Mar’s gas volumes with other users, ECNG created a larger volume that could be ‘shopped’ on the wholesale market for lower prices. Further, by fixing the price of carefully calculated blocks of gas over set time periods, ECNG engineers smoothed the price that Pac-Mar paid for its gas.
Results: In the first year with ECNG as their energy management partner, Pac-Mar saw their gas bills fall 20%. And, the price smoothing developed by ECNG meant Pac-Mar did not get any nasty surprises with their gas bills.
Even smaller companies can team up with ECNG’s experts to reduce their energy costs and stabilize their billings. ECNG is big, but we were once a small business too.