Electricity

There are several components involved in formulating electricity purchasing strategies, usage patterns, load requirements, ability to tolerate risk, market conditions and market projections are all considerations. We will work with you to understand and identify your specific set of needs and goals. We then will tailor a purchasing strategy that meets your goals. Best Practice Energy’s goal is to advocate for our clients in the market insuring best market position and lowest cost. We make certain our clients are in " Best Practice” for their energy procurement and management needs. We put our expertise and resources to work for you making sure you are taking full advantage of energy deregulation. Below are some specific market details.

Rhode Island - Deregulated in 1998 with a rate cap. Competition is intensifying now and purchasing strategies, both wholesale and retail are available. Our advisors will help design a purchasing strategy the enables your company to take full advantage of the intended benefits of energy deregulation.

Massachusetts - Deregulated March of 1998. Mass market is highly volatile which makes budgeting for energy difficult. Rates are set by each utility and at different times, several times a year. Our consultants will work with you to formulate a purchasing strategy that enables your company to manage your risk and receive the most from your energy budget.

Connecticut - Supplier licenses were issued in December 1999. In most parts of the state supplier choices were available as of July, 1 2000. Currently Connecticut utility rates are the highest in the country. Our analysts will develop a purchasing strategy that will help avoid these high rates and position your company in the market well below the utility rates.

Maine - Utility rates since 2001 have almost doubled. This market is deregulated and competitive electric supplier pricing is available. Our analysts are experts at designing purchase strategies to lower costs and deliver budget stability.

New York - One of the most volatile markets, managing costs and budget stability in very difficult. The utility rate changes every 45 days. Depending on your risk tolerance, we have the resources to help take the guess work out while reducing costs and stabilizing budgets.

New Jersey - This market is deregulated. Competitive pricing and product options are available. Our consultants will work with you to formulate a strategy and guide you through the process.

Below is a map of all the currently deregulated states. We have the relationships and resources to provide solutions in all deregulated states.

Natural Gas

Much like electricity, in several states, legislators and the Public Utility Commission have opened the natural gas market up to competition through deregulation. Most states that are deregulated for electricity are also deregulated for natural gas. However you may be in one of the states that is only deregulated for natural gas. Our consultants can work with you to identify opportunities. Our best practice approach also applies to our natural gas programs. We will work with you to identify your needs and design a tailored risk management and procurement strategy. Again, we will guide you through the bid process and manage implementation.

Fixed Price Product
The fixed price product locks in the commodity rate and the interstate pipeline transportation rate. Fixed pricing is available for up to a 3 year term. Much like the electricity fixed product(s) this provides the customer budget stability avoiding market volatility.

Basis + NYMEX Product
This market-based product locks in the transportation rate for the term of the contract and “floats” with the monthly settlement commodity rate on the New York Mercantile Exchange (Nymex). This settlement commodity rate is then added to the transportation rate to produce a variable monthly cost of gas rate. At any time during the term of the contract, the customer has the option to convert into a fixed price product. A market-based contract is most applicable when natural gas commodity prices are high, and projections indicate a decrease in price.

Interruptible Transportation Service Product (dual fired)
Specific natural gas volumes are purchased and are combined with alternative fuel sources to satisfy load requirements. This product is for those customers that have the ability to burn fuels other than natural gas and can allow a customer greater flexibility to use the less expensive fuel. The utility however, will force a customer to go on alternate fuels during extreme cold days so there is some unpredictability with natural gas availability in the winter months. In some cases a customer can avoid this by negotiating with the utility to guarantee a certain availability of service.