Large Commercial & Industrial
Detailed Explanation
There are two ways that Momentum Bay can help your organization to purchase green power:- brokered deal for just your business(es), or
- aggregated purchase, securing possibly an even greater volume discount by purchasing with other businesses.
In either situation, here’s the simple, seven-step process that we’ll go through together in order to help you start saving money on commercial electricity:
1. Notarized* Limited Agency Agreement for ONLY Electricity (also referred to as an LAA-e) and Letter of Exclusivity (“LOE”)
Customer appoints Momentum Bay as “Agent” regarding ONLY electricity, exclusively, for ONLY a limited time period. This delegation of responsibility enables Momentum Bay to negotiate an electricity purchase on a customer’s behalf with multiple Retail Electric Providers.
You can usually find a Notary Public at your bank or workplace.
2. Copies of Three Most Recent Electricity Bills
We ask that you submit copies of your three most recent electricity bills. These bills helps us verify the name, service address & 21-digit Electric Service Identifier (ESI ID) on the bill. You’ll copy these three items onto the Letter of Authorization (described in step #4 below). Your bills help us quantify how much you will save.
3. Letter of Authorization (also referred to as the LOA)
Customer completes, prints, signs & faxes or mails an LOA. Momentum Bay requests your usage by submitting your LOA to your Transmission & Distribution Utility (TDU; e.g., CenterPoint Energy).
4. TDU Emails Usage
TDU emails each meter’s 12-month usage & load profile data to Momentum Bay as an Excel workbook. REPs require this data for any service location that has a meter, even new construction, because they upload this data into their financial pricing models.
For aggregations, Momentum Bay combines this confidential data into a master workbook for negotiation with (REPs).
5. Financial eligibility
REP performs customer’s Credit Check.
6. Brokered or Aggregated Purchase
Lastly, we can purchase your renewable electricity as either a broker (for only your organization) or an aggregator (pooling your anticipated load with one or more other commercial customers, typically those with a similar usage pattern). In either case, there are two steps to purchasing: indicative pricing, & transactional pricing.
First, REPs will provide us with indicative pricing specific to your organization’s usage, credit, etc., that is, prices for various electricity products of various contract lengths, bandwidth, etc. We’ll discuss with you these indicative prices, product and provider differences, & the attributes of green power alternatives (i.e., certified?; generated when, where, at what facility & how) in order to agree how you’d like to proceed. These attributes are most important for compliance with green building certification.
Then, we go back to the REP that interest(s) you most, & we request transactional pricing good usually only until 4 or 5 PM that business day, since markets can fluctuate significantly. We will continue this pattern daily, monitoring electricity prices until we find a product that matches our understanding of your desires in previous conversations. Finally, we’ll suggest that you execute a green power purchase on a certain day. Momentum Bay never takes title to electricity. The final discounted price (or, rate per kWh) will depend on many factors, e.g., the load size & profile; the contract term (6 to 60 months for brokered electricity; 36, 48 or 60 months for aggregations); your organization’s credit rating; and market conditions that day, which are influenced by natural gas inventories, weather & other disruptions; etc.
7. Post-Purchase Documentation & Marketing/PR Support
After your successful green power purchase, we’ll help you communicate the wisdom & positive impacts of your purchase.
First, we’ll package for you the winning REP’s Letter of Attestation detailing the attributes of your green power purchase, specifically, when it was/will be generated, where & at what facility it was/will be generated, what type of generation it was/will be (e.g., solar, wind, biomass, etc.).
Second, if applicable, we’ll help you receive FREE recognition by joining the EPA’s Green Power Partnership & Leadership Club (for only organizations that purchased 100% green power).
Third, we’ll provide electronically a simple quantifications of many of the financial & ecological benefits of your purchase.
Finally, we’ll provide electronically a graphically designed Thank You Letter explaining these benefits so that you can communicate them with staff, clients & media.
We look forward to
helping your organization
save money & go green.
Additional FREE Value-Added Services
For example:
- Access to a green business and green building expert, who has served as the first Sustainability Manager for the nation’s leading owner, developer and property manager of green office buildings, and has attended and spoken at hundreds of corporate sustainability, green building, renewable energy and other conferences, so that your organization can stay up-to-date with the fast changing (and increasingly mandatory) world of sustainability, particularly in your industry and locale
- Access to Momentum Bay’s proprietary research reports, presentations and Texas Green Building ToursSM library (sometimes, even becoming the focus of one of our educational videos)
- Analysis of your organization’s carbon / greenhouse gas emissions potential liability (risk exposure) and mitigation alternatives
- Ongoing monitoring and analysis of your electricity usage and bills
- Setup and maintenance of an ENERGY STAR® Portfolio Manager record for each eligible building
- Marketing support (e.g., easily understood wording for advertising and press releases regarding your organization’s dollars, energy and greenhouse gas emissions avoided overall and per square foot because of your energy efficiency measures and green power purchase relative to other conventional buildings and organizations
- Identification of financial and other incentives for your organization’s green power purchases and energy efficiency retrofits or process improvements
- And, for our electricity customers that sign at least a 48-month contract receive a FREE, customized, 1-hour ECO [BOOT CAMP] SM training course for your employees, as well as a 50% discount for any of our other ECO [BOOT CAMP] SM training courses that your employees attend during the term of the green power purchase negotiated by our team. We view this service as one of the most important because energy accounts for only less than one percent of a company’s or facility’s budget (but is the largest controllable operating expenses and largest contributor to companies’ carbon footprints) while people account for more than 85 percent.
