In May of 2023, EA was contacted by the owner of a small group of cafés located in the greater Washington, DC area. The owner was interested in pricing natural gas and electricity supply for each of their five locations. An advisor spoke with the client and informed them of certain limitations that the state of Virginia has imposed on the open energy market which only allow the largest of commercial customers to purchase their electricity from an alternate supplier. After assuring the client that Electric Advisors could still help them find better natural gas pricing for their Virginia store, the advisor proceeded with examining the company’s bills and evaluating their energy needs.

After the advisor had established an understanding of the client’s usage patterns and energy needs, Electric Advisors collected custom pricing quotes from roughly 10 suppliers that serve the greater DC area. The prices given by these suppliers proved to be highly competitive in contrast with the prices being offered by the utility both at that time, and in the months ahead. The client ultimately signed electricity contracts at prices 23% lower than the current market rate for their Washington, DC locations, and 17% below market rate for their Maryland locations.

Due to the relatively low usage on their natural gas accounts, there were fewer suppliers to choose from for that commodity. Despite the smaller pool of options, Electric Advisors was still able to find the client a natural gas price 10.5% lower than the market rate.

All said and done, the natural gas and electricity pricing secured by Electric Advisors will help the client save an estimated $23,700 in the first year alone, and nearly $95,000 over the life of the contract.