Case Study

CLS Living Achieves $800,000 in Energy Savings and Cost Avoidance

CLS Living Achieves $800,000 in Energy Savings and Cost Avoidance

The opportunity

CLS Living is a national leader in student housing, owning and managing a diverse portfolio of properties across multiple deregulated energy markets.

With properties spanning several states, managing energy costs effectively is an important part of the company’s overall operating strategy. As its portfolio grew, CLS saw an opportunity to take a more strategic approach to energy procurement and cost management. Navigating different energy markets, pricing structures, and property-level needs required greater visibility into energy budgets and a coordinated strategy across the organization.

CLS engaged Tradition Energy as its exclusive energy advisor to evaluate energy budgets, identify procurement opportunities, and develop cost management strategies across its multi-state portfolio. Through this partnership, Tradition Energy provided the market expertise and strategic guidance needed to help CLS manage energy costs, capitalize on favorable market opportunities, and make more informed purchasing decisions.

Analysis

Tradition evaluated CLS Living’s utility contracts, energy usage, and market opportunities to develop property-specific procurement strategies that reduced costs and minimized future price risk.

Tradition conducted a portfolio-wide review of all CLS utility and supplier contracts and discovered that many were not participating in energy deregulation. The locations that were under third-party contracts were set to expire at high market rates.

A review of CLS’s historical electricity usage, combined with Tradition’s proprietary market outlook, revealed significant opportunities for competitive third-party electricity supply.

Following the review, Tradition developed property-specific procurement strategies to lower costs and eliminate future electricity price risk.

The Result:
Delivering Portfolio-Wide Savings

Budget Protection

Tradition’s analysis resulted in a procurement strategy that fixed electricity supply rates across the portfolio, protecting CLS from future budget increases.

Seamless Implementation

Tradition managed supplier negotiations and contract execution, ensuring a smooth transition to the new agreements.

Significant Cost Savings

The new supply contracts delivered approximately $800,000 in cost avoidance and savings while significantly reducing future price risk.

See what Tradition Energy can do for your organization

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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.

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CLS Living Achieves 0,000 in Energy Savings and Cost Avoidance