The Resource Energy Systems Difference:
Unlike other energy management companies, we at Resource Energy Systems are commercial real estate experts. Our team has over 100 years of combined experience in the industry, giving us a unique perspective on energy management. From our offices in California, Connecticut, and Maryland, we provide energy management services to over 700 million square feet of property, spanning a broad range of uses—from malls to hospitals to airplane hangars—in various utility jurisdictions all across the country.
When it comes to creating value, our track record speaks for itself. We have found millions of dollars in annual utility savings for single customers who have relied upon our extensive knowledge of property leases and tariffs to determine the most profitable and defensible methods of managing utility costs. Our customized energy management solutions are unparalleled in the industry for their sophistication and contribution to the bottom line.
We recognize that energy management programs can be overwhelming and confusing. Let Resource Energy Systems work with you every step of the way to minimize your risks, reveal profitable opportunities, and simply make energy management easier.
Energy Procurement
Energy costs represent one of the largest components of expenses for property owners, and until recently, the public and private sectors accepted it as a “non-managed” expense. However, deregulation in certain markets opened the door to competition and created options for property owners. When these options exist for buying energy within deregulated markets, why should you settle for a fixed off-the-shelf energy product where your costs are at the mercy of the utility’s rates?
Every owner should want to customize an energy procurement product which allows for a certain level of price assurance. At the same time, energy procurement can be a risky business. Market prices change every day, and property owners must carefully consider both the quantity and timeliness of their energy purchases.
Without truly understanding the energy industry, owners can easily make poor buying decisions, resulting in unnecessary energy costs down the road. In order to gain the most benefit from energy procurement, owners should have an expert to guide them through the process.
That’s where we come in. At Resource Energy Systems, we know the energy industry and the best methods for mitigating our customers’ procurement risks. As our customer, you receive our professional direction from the very beginning: we create a customized procurement plan based on the energy consumption patterns and unique characteristics of your property; we assess your risk tolerance profile for utility expense volatility and recommend the appropriate balance between a fixed rate and floating product; we also consider your future ownership plans to ensure that the terms of your purchase agreements are properly aligned with your strategy.
When collecting competitive bids, we at Resource Energy Systems believe in partnering with the best. We only choose highly-recognized, well-established industry leaders in energy supply. When we recommend a supplier, you can be sure that your contract will be quickly and accurately executed without hassles or headaches.
Our commitment does not end there. Even beyond the initial purchase phase, we continue to help you manage your ongoing risk. As your advisor, we constantly monitor the energy market, analyzing current versus historic energy prices as well as industry forecasts for weather and natural gas storage to find the most ideal times to buy.
Utility Redistribution
A primary concern among property owners is how to optimally, yet cost-effectively, redistribute master-meter utility costs to their tenants while still abiding by the terms within the leases. Even the most sophisticated owners admit to having left money on the table by not understanding the extent of their billing options.
Using our real estate expertise, we carefully review your portfolio’s leases, evaluate your current method of billing, and present suggestions to improve cash flow and/or increase profitability. Sometimes a simple change to vague or contradictory lease language can have a significant impact on billing revenues. If needed, we can help you craft the language of your leases to make the policies clearer and more aligned with your new redistribution plan.
If individual tenant meters are absent from your property, it’s not the end of the world. Owners have trusted us to provide clear guidance on their submeter installations. If an installation is not in the budget, we have an alternative: our in-house experts can create tenant-specific load studies from space plans to estimate the monthly usage for each tenant. Leveraging our extensive database of tenants’ energy usage, we can also use guidelines from historical data that can provide accurate estimates for an array of tenant use types (i.e., dry, food court, restaurant, etc.). These methods create a scientific billing methodology that is both accurate and defensible.
When you choose Resource Energy Systems for your utility redistribution, we become your billing agent. Our scope of services includes:
- Compiling and reviewing monthly usage data
- Calculating each tenant’s monthly use and amount owed
- Creating a monthly summary for the management team
- Mailing the invoices, if necessary
- Providing year-end reconciliation billings and credits where needed
- Serving as the ongoing point of contact for customer service inquiries and disputes
Demand Response
Utilities often struggle to meet peak or emergency demand levels that sometimes occur during extreme weather, so as an alternative to building more plant capacity, they’ve designed demand response programs to compensate large-volume users who are willing to curtail their consumption during these times, regardless of whether such curtailment is actually requested. Resource Energy Systems can help create these revenue streams by customizing a strategy and then managing your participation in these demand response programs.
Since different program offerings have different structures, Resource Energy Systems will provide all of the necessary guidance, including:
- Interpreting and communicating the various options available to each property
- Recommending the most appropriate program
- Overseeing the registration of each property
- Managing the communication for test runs and event calls
- Reviewing historical performance to continually position the property to shed maximum load
- Monitoring the payment schedule to ensure that your payments arrive when expected
Enrollment in a demand response program is a relatively simple way to implement a green initiative and generate an ancillary revenue stream with little to no effect on the daily operations of your properties. Furthermore, these programs can be applied to multiple properties across a given portfolio.