May 11, 2005—Strategic Energy, a leading supplier of retail electricity in competitive markets, has unveiled a service aimed at giving large energy users greater control over escalating electricity costs.
PowerPortfolio gives large customers the ability to choose a combination of fixed and market-based prices to lower costs, reduce market exposure and capitalize on market downturns to lock in portions of their load, the company says.
Unlike competing “block and index” offerings that dictate a pre-determined set of fixed and market-based prices up front for the entire contract, PowerPortfolio allows customers to actively fix or float energy prices in real-time at any point throughout the contract term with the help of an assigned Portfolio Strategist, says the company. To make informed decisions, customers also receive regular market updates and customized activity reports on their portfolio position, notes Strategic Energy.
PowerPortfolio is now available to customers in California, Texas, Ohio, New York, Pennsylvania and Massachusetts with an aggregate demand of five megawatts (MWs) or greater, with additional states expected to come online later this year. Strategic Energy is already serving customers in the industrial, commercial real estate, big-box retail and quick-service restaurant segments.
For more information, visit the company Web site.
