Case Study

Tradition Energy & OMNIA Partners help a health & fitness company reduce its annual costs by $400,000

Tradition Energy & OMNIA Partners help a health & fitness company reduce its annual costs by $400,000

The opportunity

A national health and fitness company sought to centralize energy procurement across 120+ facilities, reduce costs, and improve budget certainty.

Tradition Energy was introduced to the company through its relationship with OMNIA Partners. The organization owned and operated more than 120 exercise facilities across the United States and Canada but lacked an efficient, centralized approach to electricity and natural gas procurement.

With agreements and procurement practices varying across its portfolio, the company sought a more coordinated strategy that could improve procurement efficiency, provide greater budget certainty, reduce energy costs, and deliver proactive account management.

Analysis

Tradition Energy identified procurement inefficiencies, evaluated market opportunities, and developed a centralized strategy to reduce costs and market exposure.

Tradition Energy conducted a comprehensive review of the company’s electricity and natural gas portfolio, identifying several opportunities to improve procurement efficiency and reduce unnecessary market exposure.

The analysis found that numerous electricity and natural gas agreements had expired, leaving facilities exposed to floating post-contract rates or local utility rates. Billing procedures also varied across locations, creating additional complexity and limiting visibility across the portfolio.

Tradition also evaluated competitive supplier pricing against available utility rates. In one deregulated market, the analysis determined that the default utility rate was more competitive than available third-party supplier offers, allowing the client to avoid entering into a less favorable supply agreement.

The Result:
Centralized Procurement, Greater Budget Certainty

Reduced Annual Energy Costs

Tradition Energy’s competitive procurement process reduced the company’s annual electricity and natural gas costs by approximately $400,000.

Protection from Market Volatility

By securing fixed rates for electricity and natural gas contracts, Tradition helped protect the company from future market volatility and rising energy costs while providing greater budget certainty.

Greater Portfolio Flexibility

Tradition negotiated contract terms that provided greater purchasing flexibility, allowing the company to buy or sell locations without incurring penalties as its portfolio evolves.

See what Tradition Energy can do for your organization

ABOUT US

The Scale and Experience Behind Every Recommendation

For decades, organizations have trusted Tradition Energy to navigate increasingly complex energy markets. As the nation’s largest independent energy procurement and sustainability solutions advisor, we bring clients resources, market reach, and transaction activity other advisors cannot replicate.

Ready to optimize your energy procurement strategy? Speak to an expert.

This field is for validation purposes and should be left unchanged.

Tradition Energy & OMNIA Partners help a health & fitness company reduce its annual costs by 0,000