TORCH Regional Group Power Purchase Program
TORCH Management Services works closely with a variety of industry vendors to provide products and services to members at discounted rates. We encourage all members to take advantage of our new energy savings program endorsement with EMEX.
The EMEX online auction platform is a highly competitive real time environment where suppliers battle on your screen to win your energy business. The lowest actual rates available for the longest terms are uncovered in an extremely short timeframe (typically under 15 minutes) and captured by the customer group that day. Most recently nine west Texas hospitals locked in their rate for 7 years during our current record low market as a hedge against forecasted changes in the Texas (ERCOT) energy market saving a combined $491,000.
The Group Power Purchase Program offers TORCH regional neighbors an opportunity to merge their buying power to lock in the lowest possible rates for electricity for as long as 10 years.
For more information on how your facility can benefit from our Group Power Purchasing Program, please contact Vicki Pascasio at (512) 750-4128 or email her at [email protected].
The EMEX online auction platform is a highly competitive real time environment where suppliers battle on your screen to win your energy business. The lowest actual rates available for the longest terms are uncovered in an extremely short timeframe (typically under 15 minutes) and captured by the customer group that day. Most recently nine west Texas hospitals locked in their rate for 7 years during our current record low market as a hedge against forecasted changes in the Texas (ERCOT) energy market saving a combined $491,000.
The Group Power Purchase Program offers TORCH regional neighbors an opportunity to merge their buying power to lock in the lowest possible rates for electricity for as long as 10 years.
- Participation in a group procurement affords you and your regional neighbors more buying power than you have as an individual entity.
- The online auction allows you and any stakeholders to watch suppliers compete to capture the business for the lowest price and the longest term.
- The auction is typically complete within 20 minutes, and the lowest captured rate for the longest safe term is available for immediate contract.
- The maximum term available at today’s pricing is a critical hedge against future supply issues ERCOT projects in the near future.
For more information on how your facility can benefit from our Group Power Purchasing Program, please contact Vicki Pascasio at (512) 750-4128 or email her at [email protected].
I have been very impressed with EMEX and all they have done to help rural hospitals lower their utility cost. They have made the process very simple for hospitals and thru the group procurement process it gives us rural facilities a chance to do something we could not normally do on our own. If you look at our ability to control our cost in this arena not just for the immediate future but the long term, this has made our jobs a lot easier and considering it has taken only about an hour of our time to cover the next 9 years, this allows us to truly focus on other areas which are pressing." |
MCHD and EMEX has partnered for many years to save dollars on our electrical cost. The reverse auction has proven to continually allow us to have the lowest possible electrical cost.” |
Through the Group Power Procurement Auction provided by EMEX the Winkler County Hospital District was able to realize a reduction in our price by 40% per kilowatt. The reverse auction process gave the Hospital the bargaining power to force energy companies to compete for our business that we simply do not have by ourselves. " |