Cadence Network’s new Fully-Managed Electricity Aggregation Program cuts utility costs up to 35% by pooling the energy usage of franchisees and association members in deregulated markets
September 12, 2006
Cincinnati, OH -- September 12, 2006 – An innovative new program that saves franchisees and association members in deregulated markets up to 35 percent on their electricity bills was launched nationwide today by Cadence Network, Inc.—a leading utility, lease and telecom expense management firm. Cadence’s Electricity Aggregation Program for franchises and associations is a turn-key solution that delivers true electricity aggregation of corporate, franchise, and association member sites.
By forming an agreement with other franchisees and associations in a region to buy electricity in bulk, the volume discounts are passed on to the entire group.
As ever-higher energy costs continue to burden franchisee and association members, this comprehensive new program from Cadence collects the utility data from a number of locations in the same region, which Cadence then uses to shop for the best utility rates—at prices far better than if individual franchisees shopped on their own.
“Franchisees and association members are doing everything they can to save energy, but conservation can only go so far,” said Jeff Hart, president and CEO of Cadence Network. “This new program provides franchisees and association members the purchasing power of the group as a whole, an advantage that can reduce their utility costs often as much as 35 percent, saving thousands of dollars on their annual utility expenses.”
Cadence’s Electricity Aggregation Program is a sophisticated, three-tiered approach that provides the ultimate in value to association and franchise organizations, without undue paperwork or manpower.
- Easy Online Enrollment: The Cadence Network Online Enrollment System is the only simple and secure method for capturing utility and contact information from participating members.
- A Proven, Comprehensive Process: Cadence manages the entire aggregation program from the start of member enrollment to the final signature on each supply agreement. Cadence takes responsibility for negotiating a utility rate for the members, without the members having to do any of the legwork, and presents fully completed contracts for the members to sign.
- Experienced Management: The Cadence procurement professionals who mange the Electricity Aggregation program are the same professionals who manage the company’s $750 million energy-procurement portfolio.
“By being a part of our aggregation programs, franchise and association members can quickly realize a significant reduction in their electricity costs,” Hart said. “And with the tools and resources now available, there’s no reason for organizations and their members not to participate and save money.”
About Cadence:
Cadence Network, Inc. delivers comprehensive utility, telecommunications and lease facility expense management to chain stores, multiple site businesses and government. The people, services and software of Cadence Network enable business and government to gain control over electric, gas, water, waste, lease and telecommunications expenses by streamlining such services as invoice auditing and payment, rate analysis, and procurement. At work in over 250,000 locations nationwide, Cadence Network is an EnergyStar Partner of the United States Environmental Protection Agency and a proud supporter of The Arbor Day Foundation.
CONTACTS
Cadence Network Contact: Ben Dolan, Cadence Network, Inc. 866-CADENCE (866.223.3623) bdolan@cadencenetwork.com