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Energy New
In a deregulated market, organizations face a daunting array of options when purchasing energy. The process is both complex and time consuming. Each energy market is unique as to structure, purchasing options, contract terms, available suppliers, transmission/distribution fees, and other charges. To make matters more difficult, energy suppliers have no standard in the presentation of pricing and only hold price quotations for a few short hours.
We understand that many organizations do not possess the resources or expertise necessary to navigate this energy maze. For these businesses, E services offer Energy Intelligence, Management and Procurement/aggregation.
Multifamily industry is extremely complex when it comes to energy. EAS 's roots are in multifamily so we understand it is not merely taking care of the clubhouse but the vacants, referral fees, and ensuring the contract allows for changes in the portfolio.
EAS works hand-in-hand with our clients to develop an energy strategy that fits their unique business needs.
Find out more about our service >>
Schools, hospitals, factories, retail stores, restaurants, offices; Energy Commercial Service enhances electricity and natural gas pricing and service for commercial clients of all types.
Our comprehensive energy-procurement process gives our clients the power to make an educated decision for their energy portfolio.
We are simply the best
E Services is a national energy management company.
We realize the needs of organizations are unique. Because of these differences, we have customized our services into two division; Energy Advisory Service and Energy Commercial Service.
Energy Advisory Service was founded in 2003. Since then, the cost of energy has risen considerably. EAS has expanded operations to, procuring both natural gas and electricity for companies nationwide.
To accommodate our clients unique needs. E Services was formed as a parent company to Energy Advisory Service, energy solutions for multifamily and Energy Commercial Service, energy solutions for Commercial clients.
EAS now services over 30 multifamily owners in all areas where there is deregulation while ECS services Schools, retail shopping centers and more nationally.
E Service's senior executives are an experienced and dedicated team of professionals having an average of approximately 20 years of experience in the energy industry. Combined with a sense of urgency and a commitment to serving our customers, E Services consistently meets and exceeds its customers’ energy needs, and we will steadfastly continue in that tradition.
Rhonda Kreitz – Vice President
Rhonda has over 14 years of multifamily, training and marketing experience. Her experience in the multifamily industry began in operations where Rhonda demonstrated the ability to consistently secure maximum occupancy and exceed NOI. Such accomplishments led to training and development where she trained in property management software and eventually energy through USIEnergy.
Steve Gunther - Vice President
Steve brings 25 years of diverse energy industry management experience. During his career, he held management and executive leadership positions with Conoco Inc., E.I. Dupont de Nemouts, Atlanta Gas Light Company, AGL Resources Inc. and Georgia Natural Gas Company. He served as president of Georgia Natural Gas and as a Senior Executive at AGL Resources.
Nancy Hovind - President
Nancy has an extensive background in multifamily asset management, due diligence, and energy management. After spending over 20 years in the Multifamily industry as Vice President of Asset Management with a national REIT and owner of a property management company, Nancy brought to life the vision of a full service energy management program for USIEnergy. Nancy continues to redefine energy management solutions for the multifamliy industry.
Integrity is not so much a value in itself; it is rather the value that guarantees all the other values.
We are an independent energy management firm. We have no financial ties to any suppliers allowing us to be completely unbiased in making recommendations for our clients.
In the energy market, we feel that it is of critical importance that honesty and integrity be adhered to in all dealings. E Services is guided by a set of core principles. These core principles shape the culture and character of the company.
Clients - – our first priority
Our mission is to provide invaluable service and consultation to our clients through market awareness, industry/product knowledge and efficient and effective contract negotiations.
People -– our most valuable asset
We must attract, inspire and support, and challenge employees with impeccable moral character, hard work ethic, and utmost professionalism.
Integrity -– without compromise
We will only accept the highest moral and ethical standards in dealing with our clients, suppliers and ourselves. We only work with the top suppliers in the industry that share our visions of Honesty and Integrity and treat them fairly.
Pride -– in the quality of our work
We will continue to lead our industry through creativity, innovation and teamwork.
Excellence -– through passion
We must always conduct ourselves in a professional manner and strive to excel at everything we do.
Commitment –- to improving the company
We are dedicated to the provision of unparalleled services and solutions to our clients.
"We could never duplicate in-house the results EAS achieved. The combination of their energy industry know-how and their ability to bring large aggregation groups together to create market power is exceptional"
Kelly Ferguson
Harbor Group Management
Independent
* E Services works on behalf of the client! We are independent - recommending only best-of-breed.
* Our Clients use terms like trusting, knowledgeable, and passionate when describing E Services
* E Services fees are disclosed up front so there is transparency. There are no upfront expenditures, hourly fees, or retainers for your business. E Services is only compensated if the client chooses to implement a recommended solution.
Market Expertise
* With over 25 years of experience within the energy sector, E Services has the knowledge and expertise you can rely on to meet your energy needs.
* The energy market is, in a word, complex. Procuring energy entails a myriad of differing rules and regulations. Businesses exist to drive revenues and satisfy their customers. Energy Management is our world.
* E Services staff draws upon cutting-edge market research capabilities, knowledge of suppliers' contract terms and conditions, and its vast database of energy information.
* E Services has direct access to energy suppliers in states where its clients operate. E Services performs initial and ongoing due diligence of suppliers to determine which ones can and will provide reliable energy services to our E services clients, as well as exceptional customer service.
* E Services is constantly thinking "out f the box", challenging conventional business practices and working to get ancillary income for our clients.
Energy Management/ Risk Management
Energy Management is more than simple cost savings. More importantly purchasing energy commodities is about risk management. Applying solid risk management techniques to avoid the volatility of the electric and natural gas markets.
With the awareness of energy costs becoming more prevalent and the increasing competitive options for energy, the ability to manage energy cost has become an increasingly important part of day to day business management.
E Services works as your independent energy partner, always representing your business not the supplier. We'll guide you through the steps it takes to choose a reliable provider, create an energy strategy that addresses your unique profile and risk tolerance and we will manage the supplier and implementation. We offer a full range of services related to the management of energy.
* Assembly and organization of energy usage data
* Preparation of Request for Proposals for energy supply and related services
* Bidder qualification
* Evaluation of bids and proposals
* Negotiation of contracts
* Evaluation of alternative supply side strategies, pricing and risk management
* Verification of supply contract performance
* Implementation of new contracts
* Analysis of unexpected costs such as termination fees, balancing penalties, power factor penalties
* Preparation of and discussion on management reports on utilities uses and costs
* Routine analysis and reporting of costs and energy utilization
The multifamily industry rarely recieve favorable energy pricing. Apartment communities use small energy loads spread over many meters. EAS experts work with clients to aggregate their loads. We combine your portfolio with other clients to increase the appeal to the suppliers. This allows the entire group to get greater savings and more ancillary income than one single owner can obtain.
Being independant, EAS always sits on your side of the table in every negotiation, representing your needs in tough negotiations to achieve more than just dollar savings.
Once the contract is executed we stay out here with you. We are not just an aggregator we are managers. We ensure your telephone does not ring.......about energy anyway.
"Thanks for all your help in streamlining this process. I have faith now that we are receiving our funds that are due to the properties!"
Josie Bowen
Vice President
Landmark Residential
ECS works with clients to understand their energy goals and designs a program that meets their risk tolerance needs. We accomplish this in two steps. Energy Procurement and Commodity Management. Our team reviews historical trends and monitors the leading indicators in determining energy prices, including weather, economic activity, oil prices, storage and drilling. When the contract is executed we stay out here as your advocate in the energy market.
While Maximizing energy savings is always a core objective, we also advise you on market changes and energy contract options. We stay involved to ensure you are receiving the value and service you contract for. We are always available as an interface between you and the supplier
Our growing client base allows us to leverage energy loads and provide clients with competitive pricing and product options. You can feel confident knowing that ECS has the resources to provide purchasing solutions for your long term requirements
"Energy Advisory Service in our energy partner because they deliever a comprehensive energy/risk management line-up of services. The energy prices and ancillary revenue therms they negotiated was impressive, but what was more impressive was thier follow up. They worked with the supplier to maximize our ancillary revenue by creating marketing progroma that maximized resident enrollment and also created detailed reports that allowed us to measure our results"
Terry Fulbright
UDR
We are excited to be sponsoring and exhibiting at Multifamily Executive conference at the Aria in Las Vegas, October 3rd - 5th. Please stop by our booth #214 and say Hello.
If you are not registered already you may do so at
http://mfeconference.com/
Green Power Point.pptx
Click on the above to view the Green Presentation from NAA
EAS_Nov_Article.pdf
EAS was thrilled to be choosen as "Ones to watch" Click on the above link to view the article
Energy_Deregulation.pptx
This was a presentation on deregulation and how the markets work. Click on the link to view the presentation
News from Energy Advisory Service.pdf
EAS exhibiting at Multifamily Executive
EAS speaks at NAA Green Conferece, see presentation
Rhonda Kreitz featured in "Ones to Watch in 2010" by Multi-housing news
EAS presents at NPMA, see presentation
Nancy Hovind participating as guest speaker at NAA Student Housing Conference
EAS Newsletter
By ELIZABETH SOUDER
Staff Writer
esouder_dallasnews.com
Published: 26 October 2011 10:34 PM
Texans, prepare to pay more for electricity.
And don’t expect to get any more reliability for your money. In fact, next year, the lights seem more likely to go out.
The problem is, power companies aren’t building many more generating plants. Some companies are shutting down plants that are old or don’t comply with new pollution rules. At the same time, Texans are using more electricity than ever.
In the Texas deregulated market, when supply declines and demand rises, prices go higher. That could put Texas electricity consumers on a free-market roller coaster.
“I think there may be some pressure for prices to rise,” said Phil Tonge, president of electricity retailer Spark Energy. “I’m knocking on wood right now. I’m hoping we don’t see another summer like we did this past summer.”
During the past few years, natural gas prices have been low and steady. Since natural gas prices tend to set the price of power in Texas, wholesale power prices have also declined. That’s good for consumers, right?
Maybe not for long. Low prices have deterred some power companies from building new plants. Tight electricity supply could soon turn power prices higher.
The Electric Reliability Council of Texas, which operates the state grid, predicts demand for power will increase steadily for the next decade as population increases. The council’s predictions can be conservative.
This year, we used much more electricity than expected, thanks largely to February’s freeze and August’s record inferno.
Power plants
At the same time, the supply of new power generation isn’t keeping pace with demand growth.
Between 2000 and 2002, when natural gas was cheap, power companies built more than 100 natural gas-fired generators within the Texas grid. Then, as natural gas prices rose to record levels, driving wholesale electricity prices higher, power generators built dozens of wind and coal-fired plants. Wind and coal plants are cheaper to run than natural gas plants, and therefore earn a fatter profit margin when natural gas prices push wholesale power prices higher. But when natural gas prices collapsed a few years ago, power-plant building hit the skids.
Consider how things shaped up for the plants that were scheduled to go online next year. Back in 2007, plant operators had the permits and grid-connection agreements to add 4,221 megawatts of capacity in 2012. The following year, the planned capacity for 2012 rose to 5,987 megawatts. Now, generation companies plan to add 1,940 megawatts of capacity next year, less than half of what they originally intended.
Also, the state’s largest power generator, Energy Future Holdings, announced it will stop operating two coal-fired plants in order to comply with stiffer pollution regulations. That would wipe out 1,200 megawatts of capacity on Jan. 1.
Without those power plants during the August electricity emergencies, the lights would have gone out, ERCOT executives have said.
ERCOT chief executive Tripp Doggett predicts the loss of power generation due to new Environmental Protection Agency rules could boost customer electric bills by around 10 percent.
Price signals
In theory, when generating company leaders see higher prices, they build more plants. But some experts say prices aren’t going high enough in Texas to persuade power-generation companies to break ground. So long as natural gas prices are low, investors worry any rise in wholesale power prices is temporary. “
“Fundamentally, we’re trying to establish the right price signals to get the investment we need when we need it, to keep the lights on,” said Dan Jones, ERCOT’s independent market monitor. He thinks prices should be allowed to go higher.
In the land of electricity deregulation, ratepayers no longer pay a monopoly company to build power plants. Instead, competing power generators build plants on their own dimes and make money by selling the electricity into the market.
Each day, power generators bid their electricity into the market. ERCOT tells power plants to fire up to meet demand, calling on the cheapest bids first.
Some old, inefficient natural gas plants cost a lot to operate and may get called on to do so only when demand is tight and market prices jump very high. For those plants to make enough money to stay in business, they need to get called on to operate a few times a year at extremely high prices.
Currently, wholesale prices are capped at $3,000 per megawatt-hour. (The average Texas family uses about one megawatt-hour of power each month.) That cap is far, far higher than the usual market price of around $20 to $50 per megawatt-hour.
Jones, the ERCOT market monitor, proposed boosting the cap to $6,000 per megawatt-hour, but only when ERCOT declares a grid emergency.
Trickling down
Higher wholesale prices have a way of trickling down to consumers. Anyone who signed up for a variable-rate plan, in which rates can change each month, probably saw much higher rates after this year’s grid emergencies.
Even people on fixed-rate contracts could see higher prices when their contracts come due. That’s because if wholesale prices are higher, it costs retail electric providers more to buy the power. And if wholesale prices are more volatile, retailers have to pay more to protect themselves from price swings.
Retailers often buy electricity ahead of time to keep costs predictable, or they invest in market securities that hedge against price swings.
“Almost anyone who’s a retailer in Texas, if they don’t have any generation, is going to have to take significant steps to protect themselves against the high peaks,” said NRG Energy chief executive David Crane. NRG executives have said they expect to spend more money next year to protect their retail companies against price swings, and such costs will surely fall to customers across the industry.
If your Texas properties are not under contract or they are soon to expire, contact EAS today. We can help protect you from the electricity price increases.
