About Power Purchasing (REAP)

power purchasing through REAP
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What is REAP?

REAP, or Richards Energy Affinity Program, is a membership-based power purchasing group leveraging one billion kilowatt hours and $90 million of purchasing clout to negotiate advantageous energy terms and pricing for its members.

Who does REAP serve?

We help commercial and industrial customers throughout PA, MD, and DE reduce their electric costs. We currently serve over 460 commercial and industrial clients with a combined electric load of ~1 billion kWh. A few of our satisfied clients are:
                                 

How does REAP work?

Richards Energy Group is an energy consultant. We don’t buy, own, or sell power. That means that we never have power that we need to sell or unload – at any given time we can chose a company for you with the best price and contract terms for your electric needs. We use a competitive RFP process to interact with all reputable suppliers to negotiate the best pricing possible for our customers.

Richards Energy Group is not beholden to any electric supplier! We quote all credible suppliers and currently have contracts in place with 14 different suppliers.

We advise and consult with our customers to develop a buying strategy that is appropriate for them – including fixed, variable, and blended (part fixed/part variable) pricing.

We also aggregate customer loads to negotiate better pricing for our customers – just like buying in bulk. For example: instead of approaching suppliers with a 5 million kWh load we may approach them with 20 customers worth a net total of ~200 million kWh to secure a better price for all of the customers than any one customer could get on their own.

Where does REAP operate?

Richards Energy Group is licensed in PA and MD and we routinely find solutions for our customers in all major PA utilities. Have accounts in other states/locations besides PA, MD, or DE? We have several partners that may be able to help you out.

Supplier competitiveness can vary drastically from one utility to another – Richards Energy uses its experience and knowledge of the marketplace to find the best solution for each of your electric meters. A competitive supplier in one utility may not have competitive pricing in another utility – we use a competitive RFP process to find the best pricing no matter where you are located. We know and understand the tariffs in all the major PA utilities to help you save money on the distribution (utility) side too!

To see a map of the cities and towns where REAP has found pricing for customers, click here.

When is a good time to call Richards Energy?

Now is a good time. Even if you are already shopping REG will start looking for ways it can save you money on the distribution side (utility portion) of your bill!

Think that’s not a big deal? We have saved individual customers tens of thousands of dollars on their bill (per month!), through our extensive utility and electrical backgrounds. We have over 125 years of combined utility and electrical experience in-house.

Interested in joining REAP or want to learn more? Click here

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Registration for 2017 Conference

Registration is open to Members and Nonmembers for our Oct 12, 2017 annual meeting.

You are invited to a fun and informative day of keynotes, energy market updates, regulatory changes and breakout sessions on industry hot topics. The day ends with a networking social hour.

Richards Energy Users’ Forum
Thursday, October 12
Spooky Nook Sports, Manheim, PA
Purchase Tickets Here

We’ve updated the Richards Annual Conference to a full day event. Please feel free to join us for the full, half, lunch or any part of the day. Registration is open to Members and Nonmembers.

Richards Energy Users’ Forum is a day long annual conference of educational sessions bringing together Richards Energy company members and commercial, industrial, and institutional energy users.

Don’t miss out on what your colleagues are calling the most valuable annual conference in the industry!

“Richards Energy annual energy conference gives us a cutting-edge perspective on the energy markets, market patterns, past weather effects, petroleum and gas markets and future projections.”
Kenneth Burkholder, Goods Store

 

Agenda

Registration:
8:30am
Registration & Breakfast

Morning Session:
9:00-12:00

Energy Market Update
Regulatory & Tariff Changes
Energy Auditing/Consulting
LED Lighting

Lunch:
12:00pm
Design Thinking: A human-centered design approach to leveraging innovation and strategic problem solving in your business, by Design Quake

Afternoon Breakout Sessions:
1:15-3:15pm

Energy Auditing as a Corporate Financial Roadmap
Post Project Auditing & Engineering Analysis
Managing Demand: Peak Load Shaving & Demand Response
Retro-Commissioning HVAC and Controls: The Energy Hero in Plain Sight
The Future of PA Nuclear Generation and Its Impact on the Local Market Advanced Lighting Controls

Social:
3:15-5:30pm
Social & Hors d’oeuvres in the Atrium Bar, Mike McMonagle will perform traditional folk to roots-rock-n-roll

We hope to see you there!
Purchase Tickets Here

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