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Exchange

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how it works

Using the NEX

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  • Consultants use the NEX to compare competitive bids from suppliers by imputing commercial client information.
  • Consultants then analyze these bids to determine which supplier is the best fit for the client’s procurement needs.
  • The NEX analyzes the client’s energy utility rate codes, usage, and start periods to generate bids from a large network of national suppliers.

Why Do Energy Consultants Use the NEX?

Timing

NEX can generate bid proposals in little as 15 minutes for commercial accounts under 1 million KwH annually. Daily market updates allow bidding to take place in real time and with consideration of energy market volatility, making this strategy valuable to both suppliers and clients. For large commercial accounts over 1 million KwH, the NEX can take 3 to 7 business days to generate custom bids in partnership with our network of suppliers.

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Monitor the Market

NEX monitors the market daily to ensure clients are receiving the best price available. All bids generated in NEX are based on accurate pricing of energy commodity curves which are updated every morning. With NEX our team is always readily equipped to provide you with the perfect bid.

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One Stop Shop

Energy costs are a significant expense for many businesses, and NEX helps identify the lowest pricing options available, saving money and time. Consolidating the procurement process through the NEX platform arms energy consultants with the tools needed to create maximum savings for commercial businesses.

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Cost Benefits

Energy costs are a significant expense for many businesses, and NEX helps identify the lowest pricing options available, saving money and time. Consolidating the procurement process through the NEX platform arms energy consultants with the tools needed to create maximum savings for commercial businesses.

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What you’ll get
from our leverage

Buying Power

Inflation Protection

Budget Certainty

Customized Solutions & Contracts

Supplier Pays Our Fee— Not You

Austintown Local Schools

Austintown, Ohio is a neighboring township just west of Youngstown. Austintown Local Schools serves over 29,000 residents, comprised of 4 schools: elementary, intermediate, middle-school, and high school. Austintown Local Schools is a progressive district, continually improving quality in education, learning environment, and administration.

Austintown Local Schools was looking for ways to reduce operating costs. Amongst other line items, they focused on their energy budget. The administration was interested in taking advantage of a competitive electricity market. However, they were approached by multiple suppliers and energy consultants, leading to increased requirements of time, analysis, and multi-department discussions.

Navigate Power recommended its proprietary procurement platform, Navigate Exchange (NEX). NEX is an online, reverse auction, giving customers like Austintown Local Schools direct access to the nation’s leading retail energy suppliers. Suppliers compete in real time to deliver the most competitive electric bids.

Results

Increased reporting & market updates

Increased reporting & market updates

$53,100 in
annual savings

term savings

$159,300 in
term savings

Budget Certainty

Budget
Certainty

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