Calgary, Alberta, 07-June-2010 – Energy Advantage Inc., a leading total energy and sustainability management firm, renewed its energy procurement contract with Edmonton Public Schools for two more years. With this contract extension, Energy Advantage will continue to develop short and long term procurement strategies for Edmonton Public Schools’ current annual natural gas volume of 1,022,250 GJs.
In awarding the original contract, Edmonton Public Schools used a request-for-bid process to seek out an energy procurement expert to manage its large natural gas procurement profile, to provide budgetability for 195 schools, and to establish procurement benchmarks with which to measure future success.
Energy Advantage secured the bid, and during year one of the contract, reviewed Edmonton Public Schools’ existing natural gas supplier contracts and evaluated hedging options. With Edmonton Public Schools already locked into a supplier contract until the end of June 2011, Energy Advantage evaluated market opportunities and prepared a new natural gas strategy for the years subsequent. After assessing Edmonton Public Schools’ risk tolerance and purchasing objectives, Energy Advantage developed a short and long term natural gas procurement strategy, with estimated savings of $2,709,000 per year.
Energy Advantage is thrilled to sustain its partnership with Edmonton Public Schools. In continuing to manage energy procurement, Energy Advantage will implement, monitor, and improve on cost-saving strategies for the Schools’ natural gas purchases.
About Edmonton Public Schools
Edmonton Public Schools, operating 195 schools across Alberta, Canada, is committed to ensuring that all students achieve success in their individual programs of study. Edmonton Public Schools is the second largest school district in Alberta and the sixth largest school district in Canada. For more information about Edmonton Public Schools visit their website http://www.epsb.ca.
About Energy Advantage Inc.
Energy Advantage provides total energy and sustainability management solutions to our customers’ sustainability challenges, delivering them best results in managing their risks, reducing their costs and enhancing their reputation within the markets and communities they serve. Our company is fully independent from energy commodity and equipment suppliers. We sit with our customers on their side of the table, providing objectivity in developing the best solutions to their sustainability challenges. We have been helping notable North American organizations effectively address their energy and energy-related environmental issues for over 14 years.