Today we heard from Patrick Maue of Midwest Utility Consultants (513) 831-2800. His company helps local companies save money through understanding and setting up lower utility rates with companies. Patrick got into this business when he was a church treasurer who didn't like paying the high utility bills. He learned the trade and has grown his business ever since simply by referral from his various satisfied clients. He has not 'cold called” in years.
Anyone can go to http://www.duke-energy.com/ to see the numerous types of rates available to Ohio businesses. Patrick helped us see there are many details which go into an electric bill. Midwest Utilities also helps with other utilities such as trash, water, gas, etc. They typically share the savings with a company 50/50 for 4 years then you keep 100% of the savings. Midwest guarantees they will be within $.02 when they factor your savings or otherwise they consider themselves to be in breach of their own contract with you.
Patrick has been in business of the past 16 years. It is not unusual to save someone up to 50% of what they are currently paying. Situations vary and there are often a variety of rates and options available to your company.
A couple of questions were asked and answered:
Is the first year the baseline? No. You can look at your bill and see what rate you are on. For example: Duke changes their rates often. You can see that Duke rates have been raised 93% over the past 67 months.
Why are there not just 2 rates, commercial and residential? There are actually 5 tiers just for commercial. The PUCO sees themselves as an agent to provide Ohio with reliable energy. What this actually means is that utility companies must make money and PUCO must ensure they do.
Would Midwest help a group involved in aggregation? Yes
Our speaker next week is:
No Morning Meeting – Dan & Barb Haglage will be hosting an evening Christmas party at 6:30pm.