August Fromuth, Managing Director of FEL, states, “CRMA and FEL are working together in Connecticut to offer retail clients like Macy’s, Loews, Burger King and Target a way to receive their electricity at prices 10-25% lower than what they are paying now. By guiding retailers in ways to lower their overhead, we can help them control fixed costs. Ultimately, that can’t help but be a ‘win’ for the consumer.”
Says Tim Phelan, president of CRMA, “Once again, the CRMA is using its group purchasing power to secure programs and pricing not available to individual businesses. Our mission is to help retailers with their bottom line. Offering Freedom Energy Logistics’ expertise to our members does just that.”
With this agreement, CRMA joins businesses and institutions throughout the five deregulated New England states in receiving substantial electricity supply cost savings through FEL. FEL works with customers to ascertain their unique needs, then utilizes wholesale opportunities, market guidance, and long-term strategic procurement planning to supply electricity at substantial cost reductions. Representative of clients throughout the region are Westerly Hospital in RI; Saint Anselm College in NH; and Fairchild Semiconductor in ME.
The Freedom Energy Logistics family of companies obtains power at the lowest possible price for New England consumers. FEL Power (felpower.com) provides high-end energy management services in electricity and natural gas. Its unique Direct to Grid (or Self-Supply) model guides large-scale users into New England’s wholesale electricity market, guaranteeing them access to electricity at the lowest available cost. Halifax American Energy Company (haecpower.com) is a retail electric energy marketer which, in partnership with South Jersey Energy, specializes in transactions converting wholesale and bulk power products into shapes and durations suitable for industrial, commercial, institutional and governmental end users. Its newest division, Resident Power (residentpower.com), is New Hampshire’s first competitive electricity aggregator to focus exclusively on residences and small businesses.