The Northeast Ohio Automobile Dealers’ Association (NEOADA) and Energen Inc have partnered to offer members an opportunity to lower utility costs, both natural gas and electricity. 

Annual Savings from Energen’s services can range from 3% to 10% in reduced utility expenses.  And Energen offers their services on a no-risk Shared Savings Program whereby they share only in documented savings they obtain on your behalf. 

The Energy Cost Reduction Program will recover money spent in error with service providers, reduce future costs through rate/tariff corrections, and procure cost-saving supply contracts.  Services include:  

§ Utility Audit Review will audit historical billings for accuracy and rate verification and apply for pertinent refunds and credits on your behalf.  

§  Utility Rate Analysis and Tariff Verification will ensure that all of your facilities and utility accounts are being billed correctly and at the least expensive rate.  The utility suppliers are under no obligation to bill you at the lowest or best rate.  They offer a large variety of services and tariff options, but it is the responsibility of the consumer to determine and apply for the most favorable rate. 

§  Energy Procurement Program will review all existing and pending savings opportunities that have emerged in today’s “deregulated” utility marketplace, i.e., Customer Choice Programs. Service includes contract review and enrollment services – Savings from this service are excluded from Shared Savings.

Fees:

Energen Inc. works on a contingency-based Shared Savings approach whereby they provide their comprehensive services for a 50% share of documented refunds from Bill Auditing, and a 50% share of future savings from Rate Corrections for a 12 month period.  Any savings achieved from Deregulated Procurement Contracts are excluded from Shared Savings.

In order to begin:

·       You will need to provide one recent copy of each gas and electric bill

·       You will need to provide a Letter of Authorization on your letterhead which will permit Energen to obtain your billing histories and communicate with each utility supplier on your behalf  (sample letter will be provided)

·       The Report of Findings and Recommendations will be delivered in 6 to 8 weeks.  And upon your review and authorization Energen will request the corrective action directly to the utility suppliers.

Energen Inc:

Headquartered in Akron, OH, Energen is a national leader in Energy Cost Reduction Services.   Since 1981 Energen has reduced costs for such national and regional companies as Time Warner, Goodyear Tire & Rubber Co., Charter One Bank, Wendy’s, Arby’s, etc.

Members wishing to learn more about this no-risk cost savings program should contact NEOADA (330-564-1555) or email info@neoada.com. Members may also sign up for this no-risk opportunity by contacting Art Reed (areed-energen@neo.rr.com) or Rose Rilling at Energen Inc. (330-535-7381).