DDay Power engages customers and providers on all levels; private negotiations or RFPs matching unique customer needs, risk appetites and load profiles with responsive, creative, reliable and low-cost and low maintenance product structures. Electricity cost management is often a fluid process. Our customers are provided forward market analysis, on-going pricing intel and forecasting, assistance with billing issues, site closures and new site openings and expansions. Our focus is the customer’s bottom line, present and future.

For pricing solicitations, DDay generally uses six or more trustworthy suppliers. It is not always the same six since they often have different strengths and weaknesses relative to sector competitiveness, length of terms, flexibility, financial strength, billing capabilities, customer usage monitoring systems and back office customer support. We often advocate RFPs as the beginning, not the end, to obtaining the best proposal. 

Procurement strategies may be unique with regards to a customer’s wants and needs, usage patterns, growth projections, contract/economic analysis, risk appetite, supplier loyalty, billing breakouts, audits, multi-entity cost accounting/aggregation, budget certainty, etc. After some discussion, there may be a “new” structure that could better suit their particular business.  For example, I have served certain properties for years that are now managed by a large national property management firm with hundreds of properties, that will not consider any pricing structure other than index (spot) pricing. Accordingly, they have a large appetite for risk or simply don’t understand how at-risk they actually are. Still, for 3 years, this has served them well. This is an example of a client that takes a guess-the-market-approach. A less risky approach may involve more balance, where an acceptable percentage of usage is priced on index with the balance of usage being fixed price. Other examples are customers who take advantage of weekend or night-time (“virtually free energy”), off peak/on peak rates. Some customers capture much lower wholesale (vs retail) rates for a certain fixed block of their energy usage. The point is that simple fixed price may not always result in the lowest price over the term of the contract. DDay Power is completely neutral with regard to product structure, but believes customers should be aware and educated as to other options available.