New York City-Based Day School Case Study
Challenge: A prominent day school in New York City, was looking to shed unnecessary overhead that did not further the mission in educating tomorrow’s future in the Jewish traditions. With Diversegy’s help, they hoped to lower their energy related operating expenses, freeing up much- needed resources to benefit their students.
Solution: To ensure we had a complete snapshot of the school’s energy expenses, Diversegy energy experts reviewed the prior months of utility invoices. Determining the facilities’ true cost of energy operations was a key step, as the school was not paying the same rate per unit of energy supplied every month since the utility only offered a variable/index rate option. Diversegy presented options to leverage cost savings and budget certainty by shifting their energy procurement structure to a fixed price and taking advantage of the right market timing.
Savings: Much to the administration’s surprise, Diversegy uncovered savings - projecting over $15,000/year for the duration of the procurement term. Given the lean nature of non-profit organizations like theirs, this reduction freed up bottom-line capital to serve the students directly, furthering the Day School’s critical mission.