Savers Include Fairchild Semiconductor, Saint Anselm College, Dragon Cement & Westerly Hospital
FEL Power’s Direct to Grid electricity accounts posted record savings of nearly $3.7 million in 2011. The Market Participant End Users (MPEUs) utilized over 280 million kWh of electricity, primarily in manufacturing and non-profit sectors throughout New England. More than half that energy was billed at rates less than 4.7 cents/kWh.
“By going Direct to Grid,” says August “Gus” Fromuth Managing Director of FEL Power, “these companies eliminate the middle man and take charge of their energy profile. We work shoulder to shoulder with them to manage their usage in relation to day-ahead and real-time markets.”
FEL Power’s Direct to Grid program guides large end-users into wholesale market participation in the New England Power Grid. As Market Participant End-Users (MPEUs), they strategize their electricity purchases to coincide with best rates for their purposes. Notable FEL Power MPEUs provide energy to Fairchild Semiconductor, Saint Anselm College, Dragon Cement, the Union Leader Corporation, and Westerly Hospital.
“I tend to think of energy costs in terms of peaks and troughs,” says Fromuth. “Low natural gas prices have brought electricity rates to the bottom of the trough, and these MPEUs have taken full advantage. The prices they’re paying are among the best in all New England. In this economy, that’s a real asset for any business.”
The Freedom Energy Logistics family of companies is committed to procuring electricity for customers at the lowest possible price. FEL Power pioneered the adoption of dynamic pricing in New England, guiding Auburn, ME-based Morin Brick in the creation of New England’s first MPEU in 2004.