July 2021 - Quarterly Market Letter
On behalf of the team at 5, I am pleased to forward our market letter for the second quarter of...
Helping clients navigate the ever-changing landscape of energy deregulation requires expertise in a wide variety of fields, and no one is better positioned to serve and guide businesses as well as nonprofits in NYC than Rakesh Parasuraman.
In his role as Vice President, Rakesh oversees Luthin’s Commodity Management Department, which is responsible for the competitive procurement of electricity, natural gas, and oil, analysis of utility rates and tariffs, and financial feasibility studies for distributed generation projects. He works directly with clients, monitoring energy markets, and developing customized strategies.
Before joining Luthin Associates in 2003, Rakesh worked in energy analysis and forecasting related to fossil fuel markets and held several business development positions.
Rakesh has an MBA in Marketing and Finance from the State University of New York at Buffalo and a bachelor’s degree in Mechanical Engineering from the University of Mumbai, India. He is a Certified Energy Manager (CEM) and has also received certification as a Certified Energy Auditor (CEA) from the Association of Energy Engineers. In 2020, Rakesh was appointed to the Commercial Buildings and Pathways Working Group that assists the Advisory Board for NYC's Local Law 97.
Rakesh’s Why: “Energy is a basic necessity for sustenance and progress. Here I have the perfect platform to work closely with talented people who have the shared vision to provide best-in-class service and support to demanding New York City energy consumers.”