Small & Mid-sized Business
Detailed Explanation
There are two ways that Momentum Bay can help businesses to purchase green power:- brokered deal for just your business(es), or
- aggregated purchase, securing possibly an even greater volume discount by purchasing with other businesses.
In either situation, here’s the simple, seven-step process that we’ll go through together in order to help you start saving money on commercial electricity:
1. Notarized* Limited Agency Agreement for ONLY Electricity (also referred to as an “LAA-e”) and Letter of Exclusivity (“LOE”)
Customer appoints Momentum Bay as “Agent” regarding ONLY electricity, exclusively, for ONLY a limited time period. This delegation of responsibility enables Momentum Bay to negotiate an electricity purchase on a customer’s behalf with multiple Retail Electric Providers.
You can usually find a Notary Public at your bank or workplace.
2. Copies of Three Most Recent Electricity Bills
We ask that you submit copies of your three most recent electricity bills. These bills helps us verify the name, service address & 21-digit Electric Service Identifier (ESI ID) on the bill. You’ll copy these three items onto the Letter of Authorization (described in step #4 below). Your bills help us quantify how much you will save.
3. Letter of Authorization (also referred to as the “LOA”)
Customer completes, prints, signs & faxes or mails an LOA. Momentum Bay requests your usage by submitting your LOA to your Transmission & Distribution Utility (TDU; e.g., CenterPoint Energy).
4. TDU Emails Usage
TDU emails each meter’s 12-month usage & load profile data to Momentum Bay as an Excel workbook. REPs require this data for any service location that has a meter, even new construction, because they upload this data into their financial pricing models.
For aggregations, Momentum Bay combines this confidential data into a master workbook for negotiation with (REPs).
5. Financial eligibility
REP performs customer’s Credit Check.
6. Brokered or Aggregated Purchase
Lastly, we can purchase your renewable electricity as either a broker (for only your organization) or an aggregator (pooling your anticipated load with one or more other commercial customers, typically those with a similar usage pattern). In either case, there are two steps to purchasing: indicative pricing, & transactional pricing.
First, REPs will provide us with indicative pricing specific to your organization’s usage, credit, etc., that is, prices for various electricity products of various contract lengths, bandwidth, etc. We’ll discuss with you these indicative prices, product and provider differences, & the attributes of green power alternatives (i.e., certified?; generated when, where, at what facility & how) in order to agree how you’d like to proceed. These attributes are most important for compliance with green building certification.
Then, we go back to the REP that interest(s) you most, & we request transactional pricing good usually only until 4 or 5 PM that business day, since markets can fluctuate significantly. We will continue this pattern daily, monitoring electricity prices until we find a product that matches our understanding of your desires in previous conversations. Finally, we’ll suggest that you execute a green power purchase on a certain day. Momentum Bay never takes title to electricity. The final discounted price (or, rate per kWh) will depend on many factors, e.g., the load size & profile; the contract term (6 to 60 months for brokered electricity; 36, 48 or 60 months for aggregations); your organization’s credit rating; and market conditions that day, which are influenced by natural gas inventories, weather & other disruptions; etc.
7. Post-Purchase Documentation & Marketing/PR Support
After your successful green power purchase, we’ll help you communicate the wisdom & positive impacts of your purchase.
First, we’ll package for you the winning REP’s Letter of Attestation detailing the attributes of your green power purchase, specifically, when it was/will be generated, where & at what facility it was/will be generated, what type of generation it was/will be (e.g., solar, wind, biomass, etc.).
Second, we’ll help you receive FREE recognition by joining the EPA’s Green Power Partnership & Leadership Club (for only organizations that purchased 100% green power).
Third, we’ll provide electronically a simple quantifications of many of the financial & ecological benefits of your purchase.
Finally, we’ll provide electronically a graphically designed Thank You Letter explaining these benefits so that you can communicate them with staff, clients & media.
We look forward to
helping your organization
save money & go green.
Added Bonus
As a green power 4 Texas customer, your organization & your employees receive a substantial discount on our ECO [BOOT CAMP] & GREEN [BOOT CAMP] courses. And, if your organization would like to learn how to go green profitably & practically, you may want to consider visiting with us about our other consulting services.
