A former client principal approached Prospect Resources in 2015 and inquired about our services for a considerable portfolio at an influential realty group. He wanted to test our work with the supplier across the 2014 winter polar vortex.
The results spoke for themselves, and we won this account. See the graphic immediately below.
- The graph shows the weighted cost per therm for Jan – Mar 2014. A large sample of properties that PRI had been managing is the zone in blue, with the average being the blue dotted line.
- The suppliers directly managed properties are above that zone, with the orange dotted line being the average.
- The bottom line is that the property managed by PRI with the highest cost was better off than the best-off property contained by the supplier.
PRI crafted a hedging strategy for the realty portfolio in consultation with the client. That strategy was necessary because there were three properties, each with its own usage and demand patterns, load profiles, occupancy levels, utility rates, and tariffs.
- A large commercial office building on Michigan Ave.
- Multiple apartment / rental properties
- A distribution warehouse south of the city
In the course of working with this group, PRI successfully consulted with them on a wide variety of ancillary matters:
- An aged solar array installation at the company farm.
- Projected usage and demand for a new rental development built to LEED Certification with max energy efficiencies.
- Projected cost and utilization of EV car charges installed at the company’s expense at a new property.
- Consulted on a proposal for energy storage at the warehouse facility due to a claim of heavy peak usage.
- Coordinated contract termination upon sale of properties, avoiding liquidation charges.
PRI has generated natural gas and electricity savings of over $321,000 (Jan 2017 – Dec 2020) in net savings over four years as compared to utilizing typically fixed price strategies.” to “PRI has generated natural gas and electricity savings of over $321,000 (Jan 2017-Dec 2020) over four years as compared to utilizing typical fixed price strategies