Tradition Energy is one of the world’s largest and most experienced full-service energy consulting firms serving more than 1,100 commercial, industrial and governmental clients ranging from Fortune 500 global companies to medium-sized businesses to local municipalities. We are an independent, unbiased and transparent client advocate. We assist our clients in managing their energy price risk exposure and in developing and implementing risk management strategies to control and reduce their electricity and natural gas expenditures.
Tradition Energy is part of the Tradition Group, a leading institutional broker of financial products and commodities with over 2,400 employees in 28 countries.
Through this cooperative contract, awarded by the lead public agency City of Mesquite, Texas, registered users of U.S. Communities will benefit from a full-suite of services specifically designed to maximize savings on energy expenditures while improving procurement efficiency. Tradition Energy saves public agencies on average 15-20% more versus internal procurement activities.
Many organizations that buy energy don’t realize that rates can be competitively bid or how the volatility of electricity prices can impact their overall energy costs. Depending on market conditions, using an energy advisor can often reduce overall energy costs or stabilize rates, so budgeting is easier and sustainability goals are addressed. Even in areas where energy is not deregulated, services such as analyzing tariff rates and auditing energy bills can identify opportunities for saving or improved efficiencies.
Energy Procurement & Supply Management: We optimize energy procurement by working with over 90 rigorously vetted energy suppliers and achieve the most competitive rates, terms and supply arrangements available in the market.
Strategic Risk Management: We identify the factors and risks that impact financial results and energy procurement decisions and recommend pricing options and implementation strategies specific to enterprise objectives.
Market Research & Intelligence: We provide unparalleled, direct access to wholesale energy information and prices unmatched in the industry.
Post-Contractual Client Service: Tradition Energy handles all the work involving utility and supplier communication during the life of your agreement.
Data Management & Reporting: Our proprietary TEAMView platform allows you to manage, analyze and report on complete facility usage and cost data through a single, user-friendly platform. The web-based portal provides access to four types of energy information:
Tariff Rate & Tax Analysis: We help you identify costly utility billing errors and recover overpayments from past invoices and from ongoing expenditures related to more appropriate delivery tariffs or tax exemptions.
• Utility bill audits and cost recovery
Bill Processing & Payment: These services allow you to reduce overhead cost by outsourcing everything from mail handling, to bill auditing, expediting late notices and eliminating fees, to data feeds and compliance with client proprietary systems and finance standards.
• Process, validate, and pay utility invoices
Sustainability: Tradition Energy helps public entities reduce energy consumption and emissions as part of adopting more sustainable business practices.
• Renewable energy procurement
Tradition Energy’s procurement “best practices,” originating from our experience with organizations worldwide, result in the best customized solutions. Our clients are highly satisfied with our service with 95% telling us that our “strategic recommendations are making a positive or very positive contribution to their enterprise” and 97% saying they are “likely or very likely to use our service again.”
How do I start working with Tradition Energy?
To utilize the contract between U.S. Communities and Tradition Energy, you must have a U.S. Communities specific account set up with Tradition Energy.
3 easy ways to get started:
1. By Phone: Contact our toll-free number at 877-832-7022.
2. By E-mail: e-mail us at USCommunities@TraditionEnergy.com and we will have someone call you back within 24 hours to handle your request.
3. Online: Log on the Tradition Energy website at www.TraditionEnergy.com/USCommunities using your U.S. Communities account information.
What is energy deregulation?
Legislatures and the public utility commissions (PUCs) of many states have created competition for electricity and natural gas supply. In the past, one utility provided all parts of energy service: generation, transmission and distribution. With competition, generation is separated from transmission and distribution. This allows consumers to choose their energy supplier, while the delivery of the energy is still regulated and is the responsibility of the local utility company. Public agencies operating in deregulated energy markets can enjoy a number of benefits: multiple options for selecting an electricity and natural gas provider; flexibility in developing an energy strategy; freedom to choose from a variety of products, prices and terms; protection from rising costs; budget certainty; rebates and incentives; security—transmission and distribution are still regulated by the PUC and guaranteed.
Energy deregulation enables public agencies to shop for the best price of energy just as they do for their other products and services. With these benefits comes the task of competitively procuring these energy commodities, which takes a thorough understanding of the markets and the suppliers. This is where Tradition Energy is here to help.
What is an energy supplier?
A supplier is an independent company that provides electricity or natural gas to commercial and/or residential customers in a deregulated energy market. To operate in a service territory, suppliers must be accepted by that state's regulatory agency and must meet certain criteria, which varies across utilities and states.
Tradition Energy’s process ensures public agencies select the best energy supplier to meet their needs, through a competitive reverse-auction process.
Tradition Energy Contact
Bob Wooten | Director
Office (713) 609-9929 | Mobile (713) 306-5949
Do people have to choose a new electricity supplier?
No. However, it's in their best interest to at least compare prices and services offered by competitive suppliers. Then customers can make an informed decision based on what best suits their energy needs.
Will customers save money if they switch suppliers?
Savings will depend on several things, including how much is currently paid for electricity or natural gas, how much electricity or natural gas is used, and the current agreement with the supplier. Tradition Energy provides a complete analysis, so that you can see exactly what savings are involved with each procurement option.
If a customer does switch, will they have to worry about the reliability of their energy service?
No. Regardless of who supplies the energy, the utility will continue to deliver it uninterrupted, ensuring that sufficient electricity and natural gas are available. The customer will continue to have access to customer service representatives, and utility crews will still respond to emergencies and power outages.
The Definitive Guide to Hiring an Energy Advisor, Part 1
As a large user of energy, you know that one of the key factors in making smart decisions is engaging the services of an energy procurement advisory firm. We have discussed this importance multiple times in our regular articles. These same articles have touched upon various aspects of the relationship between the energy advisor and the energy user. However, we have never fully explored the process used to actually engage and evaluate the advisor.
Overcoming Misconceptions Regarding the Use of Cooperatives for Energy Procurement
Savvy energy procurement specialists often look for other options to augment their energy purchasing arrangements. One such option is the cooperative purchasing contract. But before launching a full-scale plan that revolves around a cooperative, you need to ask, “Can I use a cooperative purchasing contract to procure energy, such as electricity and natural gas?”
How to Map Out a Energy Risk Management Strategy That Makes the Most Sense for Your Organization
In this case, we're not talking about Rand McNally, but rather an aid in navigating the unpredictable energy market.
What Determines the Price You Pay for Power? (Knowing the answer can reduce your costs)
For the free market to work its magic in establishing prices through the force of supply and demand, you have to have several key ingredients — one of which is an informed buyer. As a buyer of energy, this means that to have the best chance of success in achieving the best pricing, you must be informed.
With Energy Prices This Low, How Do Keep From Missing the Boat?
How do you take advantage of low prices, if you are not sure how to do it? In order to take advantage of market movement, there are two key issues you need to understand when managing energy procurement. One is market timing, and the other is agreement structure.
The Future of Solar Looks Very Bright
For years, renewable energy options have existed under a stigma: It sure would be a nice thing to do, but the up-front setup cost is just too high. When looking at these “nice” solutions like solar power, companies often consider the notion of “grid parity,” too. Is the cost of renewable energy on par with the cost of regular conventional electricity?
10-Year Energy Agreements Are Growing In Popularity Among Large Energy Users. Are They Here To Stay? Because of the need to keep operational costs as low as possible, energy procurement presents a unique set of challenges to businesses that use a lot of energy.
Two Innovative Ways to Reduce Energy Costs with Little Investment
When you think about ways to reduce your organization’s energy costs, two solutions typically come to mind - procure a lower rate for your electricity or natural gas supply or put together an energy efficiency program.
Natural Gas, Energy Prices, and Procurement. What’s Really Driving the Price You Pay for Energy?
This constant cycle of up-and-down price changes makes energy commodities extremely difficult to purchase. What if prices drop after you’ve locked in your rate?
Why Constant Measurement of Energy Program Performance is Vital to Reducing Costs
When was the last time you evaluated your energy risk management strategy to see if it was meeting your organization’s original expectations? If it was more than a year ago, you could be making a costly mistake.
Energy Aggregations: Lower Prices, Higher Cost?
Your organization’s electricity contract is set to expire, and you have to make a decision soon. Do you join a regional energy aggregation that already has a membership or look at other options?
Negotiating Energy Supply Agreements: A Tricky Balancing Act For Even The Most Seasoned Procurement Professional
Everything seems to come down to price. After all the talk and all the negotiation, ultimately the decision comes down to one question: “What am I paying?
Housing authority utilizes U.S. Communities program to reduce energy
expenditures 15% and increase procurement efficiency.
Housing authority with more than 500 units saves 15% on their annual electricity costs.
With 6 campuses and a growing student body exceeding 50,000, the college’s diverse energy needs require constant monitoring. Learn how the college's estimated total energy savings has been over $11 million since 2011.
Rapid Growing Municipality Fixes Costs in a Fluctuating Market and Finds Customized Procurement Solution Reduces Their Costs Dramatically
Growing municipality turned to Tradition Energy for a customized procurement solution and saved close to $500,000 over two years. Find out how they started saving.
“By aligning with Tradition Energy and their wholesale energy expertise, we have consistently made more effective and timely procurement decisions for our facility.” - Director of Facilities, University
“Timing the market, budgeting 18 months in advance, and powering-up 16 schools and several municipal government facilities are not easy tasks.” - Director of Purchasing, Municipality
Learn about the tools, methodologies, and procedures that help maximize procurement success and reduce energy costs for your organization. View the webinar.