SourceOne, a nationally recognized energy consulting firm and a subsidiary of Veolia Energy North America, has been selected to perform energy advisory services for SouthCoast Electric Power Group (SCEPG), an aggregation comprised of the Cities of New Bedford, Fall River and nearly 30 private companies in the area. The contract was awarded to SourceOne after a competitive public request for proposal for energy consultant services. The SCEPG is comprised of over 800 separate accounts with an aggregate annual electricity load of roughly 150,000,000 kWh, representing an estimated annual budget of approximately $10 million.
“We are pleased to be working closely with SourceOne, and we selected them due to their proven energy expertise throughout the region and across the nation,” said Roy M. Nascimento, IOM, President and CEO of the New Bedford Area Chamber of Commerce. “During these tough economic times, it is extremely beneficial to have experts to provide our group with the energy advisory services needed to help manage member costs over the next few years. We believe that our membership will benefit substantially from this partnership, providing greater access to competitive pricing along with valuable market guidance.”
The scope of energy services provided by SourceOne will include development of pricing alternatives, contract negotiation with electricity suppliers, ongoing management of the supply relationship, and electricity market insight and forecasting. These services allow SCEPG members to have the information needed to make important electricity pricing decisions and to further reduce electricity costs.
“SourceOne is delighted to have been selected by SCEPG as its advisor and resource to help control the cost of electric supply for their members,” said Chris Barros, P.E., Vice President and General Manager of Energy Management at SourceOne. “Municipalities as well as commercial and industrial customers are under increasing pressure to manage costs, and potential electricity cost reductions will have a positive impact to the bottom line. SourceOne is well suited to assist SCEPG by providing energy consulting services that will improve SCEPG member’s financial health and environmental impact.”