Industry
Agriculture
Challenge
A large upstate New York milk producer had significant energy spend and needed better insight into usage, contracts, and market programs to control costs and support growth.
Result
NextEra Advisors delivered a strategic procurement plan and access to low‑cost hydro power through ReCharge NY, consistently meeting budget goals while improving energy visibility.
Product
Energy Procurement
Challenge
As a large milk product producer in upstate New York, energy spend is a significant part of the operating budget.
When NextEra Advisors began working with the producer, they conducted a full energy review to understand the company’s existing energy usage patterns and procurement strategy as well as identify areas of opportunity for cost savings. NextEra Advisors reviewed the historical energy usage, utility and supplier bills, energy supply contracts and energy-related state regulations and programs.
Solution
NextEra Advisors worked with the milk product producer to craft an electricity procurement strategy that would yield savings over previous contracts. In addition, NextEra Advisors discovered that a new state program, ReCharge New York, would be a good fit for the client. This program would give the client access to low-cost hydro-electric power — further reducing their energy costs.
Result
Over the course of the relationship, NextEra Advisors has delivered energy market education and competitive supply prices and terms that consistently meet or beat budget objectives — including during times of expansion and client personnel changes. With the identification of ReCharge New York, NextEra Advisors helped the client to complete the required application and explained how this power source would integrate into their current procurement contract and strategy. Most recently, NextEra Advisors has brought the milk product producer onto its online information management and reporting platform, InSight. This enables the client’s personnel and NextEra Advisors analysts to monitor and manage facility energy consumption and expenditures, track budgets, and identify areas of inefficiency.
