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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Recent Posts

FERC’s ‘Demand Response’ Rule Upheld by U.S. Supreme Court – Bloomberg

Today the Supreme Court ruled in favor of Demand Response programs. From Bloomberg:

FERC’s ‘Demand Response’ Rule Upheld by U.S. Supreme Court
Greg Stohr
January 25, 2016 — 10:03 AM EST Updated on January 25, 2016 — 10:14 AM EST

The U.S. Supreme Court dealt a blow to power generators, upholding a federal rule aimed at encouraging industrial consumers to cut electricity use.
The justices, voting 6-2, said the Federal Energy Regulatory Commission acted within its authority with the order, which sets rates for an energy-saving practice known as “demand response.” The court also upheld the formula used by FERC.
The ruling is a missed opportunity for the country’s biggest energy generators, which were seeking a chance to widen their profits. A decision invalidating the rule would have benefited NRG Energy Inc., FirstEnergy Corp., Exelon Corp., Dynegy Inc., Talen Energy Corp., Calpine Corp., Public Service Enterprise Group and American Electric Power Co.
Major energy consumers, including aluminum producer Alcoa Inc., backed the rule, as did smart-grid companies such as EnerNOC Inc., which help large consumers reduce their power use.
The case centered on the U.S. Federal Power Act, which lets FERC regulate rates only at the wholesale level and leaves retail regulation in the hands of the states.
Justice Elena Kagan wrote the court’s majority opinion. Justices Antonin Scalia and Clarence Thomas dissented. Justice Samuel Alito didn’t take part in the case because of a stock holding.

(Source)

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