FirstService Energy aims to deliver both energy savings and stability to FirstService Residential properties. To that end, FirstService Energy is concerned with a long-term approach to the energy market as well as short- and long-term savings. Other energy consultants are focused on short-term offers.
Just like the local utility’s supply, the blended rate that we contract for is variable in nature. However, we minimize risk by locking in the “adder” portion (Ancillaries and Capacity charges) and buying index energy at the wholesale rate which is tied to the NYMEX. While one portion (the energy portion) will float at the […]
Your building will benefit from aggregated purchasing power. In addition to a small reduction in sales tax, your building will no longer pay a Merchant Function Charge (an administrative expense charged by the utility that you are currently paying as a result of buying your supply from them).
While there is no cost to your building to participate, FirstService Energy does receive compensation from energy suppliers for running the program. An administrative fee of $.002/kwh for electric and $.02/therm for gas is paid to FirstService Energy directly by the suppliers.
Each Energy Service Company (ESCO) requires that you enter into a contract/agreement for the purchase of electricity and/or natural gas. Though pricing is based on all buildings in the group, each building has its own contract that reflects pricing, terms and conditions. Contracts are negotiated and signed on behalf of each building by FirstService Residential.