Pitfalls of Natural Gas Procurement
Finding the right energy consultant for natural gas in New York City can help you save thousands of dollars each year on energy costs. When it comes to natural gas procurement, there are some pitfalls that need to be avoided so that consumers can get the most bang for their buck.
Not Being Up-to-Date
One of the most common pitfalls that consumers face when it comes to natural gas procurement is not staying updated with all the latest news on natural gas and energy costs. This is where an energy consultant can save you from getting a bad deal.
Not Taking Advantage of “Swing Tolerance”
A percentage of "Swing Tolerance" can be applied to a natural gas supply agreement to mitigate the risk of overuse and underuse. If an end-user believes their consumption will be greater or lower than their predetermined monthly quantities, they can pay a premium to contract for a 10% to 100% swing (above/below monthly volumes). These premiums vary depending on the swing % chosen; the higher the percentage, the higher the risk premium.
Of course, the cost of natural gas procurement is always going to be the main deciding factor. However, hiring an experienced NYC gas consulting company can help you find the best natural gas supplier at an affordable rate. A reverse auction is where suppliers compete head-to-head for your business and it is the quickest way to the lowest price.
Expert Energy Consultants in New York City
Founded in 2020, Slattery Energy Consulting Group has over three decades of experience in providing end-to-end, full-service energy solutions to the real estate community in New York City.
For the past 32 years, Jim has served his clients with patience and dedication. Now, he is working on behalf of owners and property managers to help them uncover savings in monthly energy costs and find new ways of improving building efficiency. Contact Slattery Energy today to find out more about our services.