CBIA, as the premier business association in Connecticut, plays a crucial role in serving its members. Many of its members have their primary operations here, but those headquartered elsewhere also find value in CBIA Energy Connections. This trusted partner helps manage energy procurement for a portfolio of operations across different states.

Unlock Savings and Certainty with CBIA Energy Connections

Aerospace Manufacturer's Energy Challenge

An aerospace manufacturer based out-of-state in a non-deregulated energy market recently acquired four companies in Connecticut. This presented a complex task of managing energy procurement for these new divisions along with a dozen other locations across North America. Some Connecticut locations were ending contracts at different times, while others were on the standard utility offer, which was nearly $0.50/kWh. The company needed a cohesive strategy to save money and ensure budget certainty.CBIA Energy Connections stepped in and worked with the member to develop a strategy. Ryan Shelby, the CBIA Account Manager, said, "By bundling all four Connecticut locations under one contract with staggered start dates based on their legacy contracts, we were able to offer a new supply rate significantly lower than the utility standard. Additionally, aggregating the usage across locations gave them a much lower rate than if each location entered into a supply contract independently."In the first 12 months of this new multi-location contract, CBIA Energy Connections saved the member over $350,000 on electricity supply costs when utility rates were at their highest.

Saving on Sales Tax and Recovering Back Taxes

In addition to managing the supply rate, Energy Connections identified that two of the four Connecticut locations were paying sales tax on their electricity supply and delivery. By facilitating the submission of a tax-exemption form, the member saved an additional $20,000 per year and recovered $8,000 in back taxes as an on-bill credit.

Time and Effort Savings in Energy Procurement

Managing energy procurement across all Connecticut locations while providing industry expertise and periodic market updates for budgetary planning freed up significant time and effort for the member. Previously, headquarters had been trying to coordinate from 2,000 miles away. Now, with CBIA Energy Connections' assistance, the member could focus on their core business.CBIA Energy Connections truly proves to be a valuable partner for out-of-state members, helping them navigate the complexities of energy procurement and achieve significant savings and benefits.