The Energy Marketplace
The Deregulated Markets offer the unique opportunity to switch your energy suppliers and find a better energy deal to save on energy. However, the process can be time-consuming and confusing for those unfamiliar with the industry and its peculiarities.
GTI and its platform partner E5 eliminates all the hassle of finding the best energy rates and gives you a chance to switch your supplier pretty much on the go. Choose from a list of the most reputable suppliers in your area, estimate the possible savings you will get after the switch, and pick the right contract terms for your needs.
Case Study
Klein Tools, founded 160 years ago by a German immigrant, Mathias Klein, continues to be led by his family, six generations later. The Klein family takes great pride in carrying on Mathias' legacy of creating and manufacturing the highest quality tools and related products. Klein Tools is headquartered in Lincolnshire, IL and has offices, distribution centers and manufacturing facilities throughout the country. Klein Tools are so well known and respected among professionals in the electrical industry that a Lineman’s pliers are often referred to as “Kleins.”
Energy expenses are a significant part of Klein Tools’ operating budget and managing these costs are essential to its business. Additionally, with operations across the country, it is important for Klein Tools to have a partner with expertise in multiple energy markets. Since 2015, Klein Tools has looked to E5 /GTI to serve as their energy advisor across all their facilities and to help the company reduce its energy expenses over time. By leveraging E5’s/GTI energy market intelligence platform and using E5’s /GTI competitive procurement process, electricity contracts were put in place that reduced Klein Tool’s energy costs by $250,000 over the term of their agreement for their Texas facilities alone. Outside of Texas, E5/GTI helped Klein Tools enter into customized product structures that reduce their exposure to regulatory risks by strategically fixing and passing through certain electricity cost components.
Klein Tools also relies on E5/GTI for other energy services that are not related to procurement. E5 analyzed the client’s electricity usage and determined that more than 50% of the electricity was being used for a qualifying manufacturing process. Through this Predominant Use Study, E5/GTI obtained $100,000 in sales tax rebates for their Texas facilities.
When EPA regulations relating to back up power systems used in demand response programs changed in 2016, 5/GTI helped implement an emissions retrofit that allowed Klein Tools to continue to participate in PJM’s demand response program at the Klein Tools facility in Elk Grove, IL. This innovative change to the generator’s emissions system was funded out of demand response program revenues to provide a solution for Klein Tools with no out-of-pocket cost to the client.
E5/GTI continues to serve as a strategic advisor for all of Klein Tools’ energy-related needs, allowing the client to focus on providing the high-quality tools that linemen and other professionals depend on to do their jobs.
