Case Studies

New York, NY-Hotel Management

A luxury hotel in New York City wanted to find a better rate for electricity. This hotel had previously signed a fixed price product with a competitive electricity supplier which featured a good level of budget certainty but no potential for additional savings. After consulting with the hotel, Good Energy arranged a savings package with a ceiling price energy product. Our ceiling price product was at a lower price than the fixed price for power the hotel had been paying. We explained that not only did the ceiling price have all of the benefits of a fixed price contract, but it also would allow the hotel to receive additional savings if excess energy is sold back into the spot market. Unlike utility companies that pocket the additional cash generated from such sales, we arranged a contract for the hotel which would pass this money back to the customer in the form of "managed down" savings.