MICUA has endorsed an energy-purchasing consortium and other energy cost-saving options, at the request of several member institutions looking for ways to contain costs in a fully deregulated electricity market. In order to pursue a consortium approach, MICUA has contracted with South River Consulting, an energy consulting firm that currently works with several MICUA institutions including the College of Notre Dame of Maryland, Loyola College in Maryland, Maryland Institute College of Art, and St. John’s College.
South River’s services include energy price risk-management, energy strategy, energy procurement, utility cost tracking, and energy budgeting. South River will be advising and investigating opportunities for aggregated purchases among MICUA institutions that use their service. South River recently became the energy purchasing consultant for the Baltimore Metropolitan Council, which includes Baltimore City, and Anne Arundel, Baltimore, Carroll, Harford, and Howard county governments, public schools, and community colleges. These jurisdictions pool their energy purchases—estimated at over 200 MW—with South River advising them. The jurisdictions estimate that the consortium could save them $500,000 next year and roughly $13 million when fully phased in.
For additional information about this program, please contact:
South River Consulting