Procurement Process

Energy Procurement and Process Methodology

It is a common misconception that the best approach for energy procurement is by acquiring it directly from a utility or retail electric provider(REP). With high levels of volatility and a convoluted marketplace, this approach is no longer a valid way to manage energy costs. At Choice!, we take a full consultative approach to your company and tailor a custom solution to fit your companies goals and objectives for procurement and throughout the life of your contract.

Initiate Project and Establish Project Goals

• Every company has a unique set of needs. Before initiating a project, Choice! consultants will inquire about your company & its facilities, and discover the challenges you face on a daily basis as well as your budget and its constraints. This will allow Choice! to establish a set of goals and objectives.

Data Accumulation and Analysis

• Choice! accumulates historical data to understand the energy profile of your business facilities. This gives us the ability to forecast what the energy usage may look like in the future.
• Choice! consultants will analyze this data extensively to determine which product best fits the needs of your business.

Request for Proposal Process / Pricing Solicitation

• Hundreds of retail electricity providers (REPs) operate in the U.S., yet Choice! works with a select few. Our partner REPs have gone through a rigorous vetting process by our legal counsel in major key areas including – customer service, billing accuracy, credit and financial strength, pricing, and clean contract language.
• After evaluation of the data and determination of which product would work best for our predetermined budget and load constraints, Choice! will approach the REPs that will meet the specified criteria on your behalf.

Pricing Proposal Analysis

• Multiple sets of pricing will be evaluated and the top three will be placed in Choice!’s custom pricing spreadsheet. This spreadsheet will show you an apples to apples comparison of your current rate versus the new bids while projecting the potential savings you could expect to receive by working with Choice!

Contract Review and Negotiation

• Choice sends business opportunities to our partner REPs on a daily basis. This creates leverage that can be used to negotiate favorable contract terms for our customers. On top of that, the competition amongst different REPs ensures the customer receives the most competitive rate available. Even if you company faces budget or credit restraints, we can help you find a solution.
   

Contract Execution and Price Establishment

• Once you are comfortable with the REP, product selected, price, contract terms, and budget forecasted, a contract will be drafted and sent to you for final review. Following receipt of the signed contract, Choice! will execute it on your company’s behalf.

Ongoing Contract Maintenance and Market Monitoring

• The executed contract is just the beginning of the relationship with Choice!. Over the duration of your contract we will work with you through data management and meticulous monitoring of your usage. Choice! will use its wide array of products and services to make sure your company is achieving your desired ROI throughout the duration of your contract.

With Choice! you are not just a customer till the time you sign a contract, we work with you throughout the duration of it. Choice! consultants will work with you to further improve your company’s energy usage and achieve the goals and objectives we set with you in our initial meeting.