Demand Response Saves Money, Increases Corporate Social Responsibility
Energy Advantage is in the process of developing a demand response program for Cadillac Fairview's Ontario property portfolio. Using less energy during hours of peak pricing will help to lower operating costs while also making Cadillac Fairview eligible for the multitude of demand response and energy efficiency programs offered by governments and utilities.

In addition to the financial benefit of enacting a demand response program in Ontario, Cadillac Fairview is demonstrating good corporate citizenship in assisting the province in times of tight supply by taking a portion of their electrical load off of the grid. And with the energy and the environment being increasingly in the public eye, taking an active role in conservation can help to improve public relations and branding – both for Cadillac Fairview and its tenants.

Customizing the Solution
For Cadillac Fairview, financial reporting to its owners – the pension fund – requires more accurate budgeting and forecasting than most. Through Energy Advantage's commodity management program, energy analysts work directly with the portfolio directors of each region to offer strategies and tools to manage price volatility.

"We listen to their needs, review their operational constraints, offer our recommendations and together we come to an agreement for a set of hedges or transactions that manage their commodity spend," says Newhook.

These discussions are held at least twice a year in a Director's meeting where those in charge of each region hash out strategies with their energy advisors to minimize the impact of an uncertain energy market. The end result is a team effort, with an overall strategic vision based on expert forecasting of what the market will do. With Energy Advantage's help, Cadillac Fairview can be confident that they are always getting the best price for energy and that saves the company a great deal of money.

"We are impressed by how well Energy Advantage listens to us and represents our interests. We've built a solid relationship of trust and we're confident that they are going to always get us the best deal no matter what the energy market does," says Delorme.