Global Retailer Reduces Energy Costs by Approximately 45%

The opportunity

A global luxury retailer sought to improve contract management and reduce the high energy costs associated with post-contractual rates.

The retailer had historically managed its energy expenses and supply agreements internally. As contracts expired, some accounts were allowed to remain with the incumbent supplier on post-contractual rates rather than being proactively renewed or competitively sourced.

This approach left the company exposed to potentially higher energy costs and limited its ability to take advantage of competitive supplier pricing. Tradition Energy identified an opportunity to introduce a more disciplined renewal process focused on supplier competition, timely execution, and improved cost control.

Allowing expired agreements to continue on post-contractual rates created unnecessary cost exposure and reduced pricing transparency. Tradition focused on moving eligible accounts into competitively sourced agreements rather than allowing them to continue under incumbent pricing.

Tradition conducted an RFP to bring multiple suppliers into the renewal process. Competitive sourcing provided a clearer view of available market pricing and helped ensure renewal decisions were based on current supplier offers.

Tradition established a more structured approach to managing contract expirations and renewals. By addressing agreements before they remained on post-contractual pricing, the retailer could improve cost control and reduce exposure to unfavorable rates.

The Result:
Proactive Renewals, 45% Savings

Approximately 45% Savings

By proactively managing contract renewals instead of allowing accounts to remain on post-contractual rates, Tradition helped the retailer achieve approximately 45% in energy cost savings.

Competitive Supplier Pricing

Tradition’s RFP process introduced supplier competition into the retailer’s renewal strategy, helping replace incumbent post-contractual pricing with more competitive market offers.

Stronger Contract Management

A more disciplined renewal process reduced exposure to costly post-contractual rates and established a proactive framework for managing future energy agreements.

Client Testimonials

Both advisors we work with have done a fabulous job supporting and managing our multiple locations. They have also invested considerable time sharing knowledge and insight of the industry, providing supplier options, made recommendations, and assisted with contract negotiations. They have set the standard!

Procurement Manager,
National Automotive Retail Supplier

Tradition Energy is a procurement advisor that I can recommend to other energy managers. I appreciate the friendliness and willingness to provide what is needed for procurement.”

Energy Manager,
Retail Chain

We have really enjoyed working with our Energy Advisor as he has done an excellent job in providing real time market conditions and guiding us in procuring energy at a much better rate than what we had. He stays in touch and we talk frequently. I enjoy working with vendors who act more like a partner and less than a simple provider.

Director,
Auto Parts Distributor

My Energy Advisor has taken the time to educate me over the years which helps in our analysis.

CFO,
Automobile Company

Tradition Energy took the guess work out of my decision by providing me with multiple quotes. They analyzed my utility usage and watched the market and advised me when they thought it was the right time to buy. We hit the market perfectly.

Facility Director,
Auto Dealership

In an industry where rapid change is common, it’s indispensable to have a partner such as Tradition Energy to help me make the right decisions at the right time. They know the energy industry inside and out, and this expertise allows me to make educated and precise decisions without worrying about market forces.

Manager, Energy Utilities & Profit Improvement,
Global Retail Chain

Both advisors we work with have done a fabulous job supporting and managing our multiple locations. They have also invested considerable time sharing knowledge and insight of the industry, providing supplier options, made recommendations, and assisted with contract negotiations. They have set the standard!

Procurement Manager,
National Automotive Retail Supplier

Tradition Energy is a procurement advisor that I can recommend to other energy managers. I appreciate the friendliness and willingness to provide what is needed for procurement.”

Energy Manager,
Retail Chain

We have really enjoyed working with our Energy Advisor as he has done an excellent job in providing real time market conditions and guiding us in procuring energy at a much better rate than what we had. He stays in touch and we talk frequently. I enjoy working with vendors who act more like a partner and less than a simple provider.

Director,
Auto Parts Distributor

My Energy Advisor has taken the time to educate me over the years which helps in our analysis.

CFO,
Automobile Company

Tradition Energy took the guess work out of my decision by providing me with multiple quotes. They analyzed my utility usage and watched the market and advised me when they thought it was the right time to buy. We hit the market perfectly.

Facility Director,
Auto Dealership

In an industry where rapid change is common, it’s indispensable to have a partner such as Tradition Energy to help me make the right decisions at the right time. They know the energy industry inside and out, and this expertise allows me to make educated and precise decisions without worrying about market forces.

Manager, Energy Utilities & Profit Improvement,
Global Retail Chain

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Global Retailer Reduces Energy Costs by Approximately 45%

The opportunity

A global luxury retailer sought to improve contract management and reduce the high energy costs associated with post-contractual rates.

Analysis

The Result:
Proactive Renewals, 45% Savings

Approximately 45% Savings

Competitive Supplier Pricing

Stronger Contract Management

Client Testimonials

The Scale and Experience Behind Every Recommendation

Case Studies

Proven Results in Retail

National Automotive Retailer Achieves $1.6 Million+ in Electricity Savings