More than 300,000 people live in poverty throughout the Dallas metroplex and CitySquare aims to change that. CitySquare is a non-profit that fights the causes and effects of poverty through service, advocacy, and friendship. Today, the organization’s services include a comprehensive array of social services that address four key areas related to the persistence of poverty: hunger, health, housing, and hope. As CitySquare’s outreach and facilities footprint expanded, they recognized their need for a knowledgeable energy partner. Understanding that controlling energy expenses is an essential way to keep operating costs down, CitySquare worked with 5 to develop a customized electricity procurement plan. Through 5’s competitive process, electricity contracts were put in place that allowed the organization to simplify the expense management of their growing organization. This included the consolidation of accounts, contract terms and expiration dates. 5 also ensured that favorable contract language was added that will enable CitySquare to make changes as its services and facilities grow.
A customized approach to energy management helped CitySquare to lower their operating expenses now and well into the future. 5 leveraged its proprietary energy markets platform to help this non-profit capitalize on wholesale electricity price corrections. These actions enabled CitySquare to improve their ability to plan and forecast electricity expenses, reduce their exposure to volatile spot prices and take advantage of falling electricity futures in Texas to secure historically low rates for their facilities.
By partnering with CitySquare, 5 has allowed their staff to focus on their vital work of fighting poverty. We are privileged to serve and support CitySquare as they continue to make the world a better place.
1 min read
Topics: Clients Procurement
Written by 5
Founded in 2011, 5 comprises a team of energy innovators, commodity traders, analysts, engineers, and former energy supplier executives. Together, they serve a broad array of private and public sector clients throughout the United States and Mexico, providing strategic advice on energy-related matters including procurement, demand-side management, rate optimization, regulatory intervention, benchmarking, bill auditing, RFP management, sustainability planning services, renewable power, and distributed generation. With an eye on growth, 5 has initiated a number of strategic partnerships and acquisitions, including the 2019 acquisition of Luthin Associates. 5 has been named to the Inc. 5000 list of fastest-growing companies in the U.S. for five consecutive years. The firm has also received numerous accolades and national awards for its corporate culture, leadership and innovation, including 5 consecutive years as a top 10 Best Company to Work for in Texas according to Texas Monthly Magazine.