About the Global Brand
EnerConnex has partnered with a global leader in consumer products. The Global Brand wishes to remain anonymous, but it has a long history of brand loyalty, and its products are used and enjoyed all over the world.
The Global Brand is headquartered in the United States and has plants in various locations worldwide. They contacted EnerConnex to find more efficient and less expensive contracts for an energy-intensive plant that the Global Brand operates in Ohio.
Looking for Expertise and Savings
Energy is a major expense for the Global Brand, especially for this plant, in particular. However, their leadership was growing frustrated with rising and often unpredictable energy costs. The plant would always require significant investment to procure the large amounts of energy it needs, but the lack of predictability in energy costs made budgeting increasingly difficult.
In an effort to become more efficient in managing energy cost exposures, decision makers at the Global Brand sought a consultant to help them craft and implement a strategic hedging plan for this Ohio plant. EnerConnex quickly became a leading candidate for this consultancy partnership.
Transparent and Proactive
The Global Brand was impressed by the expertise and transparency of EnerConnex and our representative, Doug Muh. One of their senior buyers connected with Doug and found him “very transparent; I felt like he was being honest with me.”
Doug used his knowledge of the energy market, along with EnerConnex’s collective experience and know-how, to inform the Global Brand of its various options for energy procurement. EnerConnex was also quick to answer all of their leadership team’s questions and the senior buyer shared, “I can reach out to them, and they’re very responsive.”
At EnerConnex, we know the value of being proactive. As our partnership with this Global Brand progresses, we make sure to inform them of any future opportunities they may have. “They’re constantly watching the market for us. Right now, we’re doing a hedge strategy, and they’ve been extremely helpful.”
EnerConnex has helped them leverage the large usage of its plant to supply them with energy at a lower rate. We have also pursued a strategy of spot buys, involving shorter contracts to provide their team with greater flexibility.
The Results
The key result? Savings: “We have a great partnership, and it’s led to cost savings for the facility.”
The Senior Buyer also said she’s learned a lot more about the energy market throughout the partnership, particularly about the drivers behind energy rates, such as geopolitical developments, artificial intelligence, and even the weather and shoulder months. She explained, “I understand the best times to buy throughout the year.”
Ultimately, since beginning its partnership with EnerConnex, the Global Brand has greatly benefitted from more flexibility in their energy contracts, reduced costs, and even more reliable pricing.