As 2022 ends, we look back on one of the most tumultuous calendar years the energy world has seen. The ability to purchase natural gas and electricity through third-party suppliers in Massachusetts began in March 1998. Over the years, we have seen the offers change as energy forwards trade with little predictability, but this year showed just how volatile energy pricing can be.
When COVID-19 struck the nation, most businesses hesitated to do anything, even though the energy markets plummeted. One of the best parts about working with municipalities is the stability—cities, towns, water, and sewer departments do not “go out of business.” Hence, term length and credit are generally not a problem. Fortunately, Freedom Energy’s municipal clients in Massachusetts recognized this, and their proactive efforts produced over $23mil in savings in 2022! Over 20 municipal clients executed new gas or electric agreements at least 12 months before their start date, taking advantage of excellent market conditions. This is key to sustaining energy costs, and Freedom Energy provides timely, future start options throughout the existing term for consideration. Massachusetts utility rates reached all-time highs in 2022, and supplier offers moved in synch. Understanding the budget impact is critical in determining the best time to execute.
Freedom Energy provides Municipal clients with:
- Enrollment reports
- Savings analysis
- Special contract terms and conditions (extended payment terms, add/delete clause for new accounts)
- Market Intelligence
- Ongoing energy portfolio management
- End-of-year memos that include year-over-year results
- Budget forecasts
- Recommendations for the next year
- OnDemand Battery Storage
- Capacity Tag Management
- Exploration of any Applicable State and Utility Rebates
Our team also partners with several community solar projects that need off-takers, and our muni group has expanded to maintain our high level of service! We encourage municipalities seeking a second opinion to explore their options with our team—it costs nothing.