Adventist HealthCare to Save $1.25M By Locking In Renewable Energy Rates
Adventist HealthCare expects to save up to $1.25 million through mid-2013 after locking in electricity rates through a renewable energy purchasing contract.
The deal, which covers seven facilities in Maryland and New Jersey, means that those facilities can count renewable energy as 10 percent of their total electricity use, according to a press release.
The deal also enables Adventist to count an emissions reduction of 4,100 metric tons a year.
World Energy Solutions set up the deal through an auction on the World Energy Exchange.
This followed work between Adventist HealthCare and its consultant, The Walker Group, along with World Energy, to identify better ways to manage its energy portfolio, from understanding hidden costs in its current contracts to the advantages of proactively shopping the market.
World Energy pulled together Adventist HealthCare’s multiple electricity contracts and terms into a single, structured procurement event that attracted regional energy suppliers to bid.
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