Juice Energy set to reduce electrical costs for members of the Lighthouse Energy Purchasing Cooperative
With the New Year, comes new energy contracts. This year, however, over twenty western New York members of the Lighthouse Energy Purchasing Cooperative will be spending less on energy than ever before through a new deal with Juice Energy.
The one year contracts, signed in December, represent a major shift in how these small businesses purchase electricity. Juice , a New York-based energy supplier – offers customized solutions that work to take advantage of the volatility in the energy market. The Cooperative’s expertise and purchasing power make it possible for its members to employ sophisticated strategies not typically available from other suppliers.
Of the twenty-two businesses that signed new contracts with Juice, most selected a pricing structure known as a 90/10 block and index, reducing their annual energy costs by 5-8% over the standard full requirements fixed price option. This approach effectively eliminates most market risk, while at the same time avoiding the expensive premiums to fix all components of cost.
Deb Ashley, PhD, President of Lighthouse Energy believes the new contracts with Juice will greatly benefit the members of the coop: “In addition to giving our clients access to wholesale market prices for electricity, Juice offered innovative price structures that are typically not available to smaller clients – enabling our members to save even more on their electricity supply costs.”
While fourteen Lighthouse members went with the 90/10 block and index solution, six others selected a variable rate index structure, and two opted for a full requirements fixed rate option.
The Lighthouse Energy contracts mark the latest client acquisition for Juice after a very busy year. Bob Wyman, Executive Vice President and CFO of Lighthouse, says Juice is perfectly positioned to help businesses both big and small: “They bring more to the table than traditional energy suppliers. Whether it’s their innovative pricing structures that cut costs, or the constant monitoring of the markets to ensure the most effective strategies, they offer much more than just electricity.”
___________________
About Juice:
Juice is a revolutionary energy company working solely on behalf of their clients. Operating in deregulated markets, Juice tailors rate structures and products to improve clients’ financial performance and carbon footprint. Juice brings energy portfolio management, transparency and new accountability measures, for the highest return at the lowest cost. www.aboutjuice.com
About Lighthouse Energy:
Lighthouse Energy Purchasing Cooperative, Inc., is an aggregation of small users who use Lighthouse’s expertise, and their combined purchasing power to obtain the most favorable market prices possible. The Co-op works with members to make a clear choice of where and how to buy electricity and natural gas. Lighthouse Energy is based on the same principles as other cooperatives, but with a sole focus of securing lower prices on electricity, natural gas, and other petroleum based fuels. For more information, visit www.lighthousepurchasing.com. Operated by Lighthouse Energy LLC. lighthouseenergy.com and lighthousepurchasing.com