Case study - Comprehensive energy review identifies substantial savings
OpportunityA national senior assisted livingcommunity company engagedFellon-McCord to provideenergy management servicesfor 128 facilities.Although the client hadpreviously worked with anotherenergy management firm, wewere able to identify a variety ofincremental cost-savings andcost-avoidance opportunities.
SolutionFellon-McCord’s energy team As part of our analysis, weperformed a comprehensive reviewed:review of all facets of the client’s • Gas, electric and fuel contracts toenergy management program. determine expiration, terms, pricing and fair market value; • Invoices to ensure correct charges were being billed to the right accounts and to clean up any outstanding issues; and • Existing energy procurement processes, hedging strategy and site- level market positions.
ResultsOur comprehensive review of our Fellon-McCord’s energy teamclient’s energy management identified approximately $1.9program enabled us to add value million in savings from a variety ofto their bottom line within the sources including invoice errorfirst year of our relationship. correction, a change in risk management strategy and a recommendation that the client put its current energy contracts out for competitive bid.
ConclusionWith Fellon-McCord’s knowledge andexpertise in analyzing energy strategies,procedures and positions, we were able tocomplete a comprehensive review for each ofour client’s 128 facilities. Our energy teamevaluated a multitude of energy-related issuesto identify opportunities for cost savingsand/or cost avoidance.Even though the client had previously used anenergy management firm, the client was ableto realize significant additional savings basedon our comprehensive approach to energymanagement.
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