Clear Power helps massive patrons of pure fuel and electrical energy address skyrocketing power prices

FAIRFIELD, NJ, October 14, 2021 (GLOBE NEWSWIRE) – Clear Power, the nationwide chief in on-line power procurement and advisory companies, at this time introduced that it has efficiently transferred nearly all of its massive business, industrial prospects and institutional to pure fuel, electrical energy and renewable power futures earlier than the current market volatility, thereby lowering shoppers’ publicity to hovering pure fuel costs. Utilizing superior hedging methods and the ability of price averaging in {dollars}, together with its key market insights and auction-based shopping for, Clear Power has helped and continues to assist shoppers overcome volatility. the market and mitigate essentially the most critical impacts of the speedy improve in power. commodity prices.

Pure fuel futures, which greater than doubled in 2021, face an inflection level this winter. Analysts predicting a chilly winter might double pure fuel futures once more this yr, the prospect of $ 10.00 + MMBtu of pure fuel – for reference, pure fuel futures stood at $ 1.495 in July 2020 and at the moment buying and selling above $ 5.00 – is now a risk.

In an effort to coach firms about at this time’s advanced power markets and techniques for transacting effectively, Clear Power is launching a collection of webinars, Pure fuel now: managing volatility, led by Luke McAuliffe, power provide professional and president of Clear Power. The webinars will probably be tailor-made to C&I and institutional power patrons, distribution companions and associations, and can start later this month. Registration particulars comply with:

  • Webinar on Channel Companions, October 26e at 2:00 p.m. EDT: Present and potential Channel Companions, please contact Nancy at [email protected] for an invite to our unique Channel Associate webinar.
  • Associations webinar, November 3rd at 2:00 p.m. EDT: Associations trying to prolong the advantages of power provide and advisory companies to their members, please contact Jane at [email protected] for a particular invitation to this occasion.
  • Webinar for Power Consumers, November 9 at 2:00 p.m. EDT: Massive business, industrial and institutional power patrons (minimal month-to-month expenditure of $ 20,000 / month really useful) are invited to register right here or to https://bit.ly/3FFwx7A to take part.

“Since pure fuel costs bottomed out in 2020, now we have repeatedly requested our prospects and prospects to lock in these financial savings and keep lively available in the market to make the most of market downturns,” stated Paul Shagawat, co-founder and Managing Associate, Clear Power. “We’ve got hundreds of shoppers who’ve heeded this recommendation and at the moment are properly positioned to regulate these important working bills, whereas others will probably be compelled to endure the online affect of a 2 and even 3 improve. occasions, costs of power commodities. That stated, there are nonetheless alternatives available in the market and ongoing alternatives to enhance procurement methods and processes, which is why we urge power patrons, and those that assist them, to attend our collection. webinars.

Dustin Scarpa, Co-Founder and Managing Associate of Clear Power, added Dustin Scarpa, “For greater than a decade now, we have been serving to massive power patrons efficiently navigate bullish and bearish power markets. The present market volatility is just not a primary, and firms that should transact on this atmosphere will profit from the agency hand of a seasoned market professional and a confirmed grasp of power buying. That is the unequalled mixture that Clear Power lends to what’s shaping as much as be essentially the most tough power buying atmosphere in current reminiscence.

Observe: As of October settlement (final day of September 2021), pure fuel is priced at $ 5.841 / MMBtu. As of the identical date final yr, pure fuel was priced at $ 2,101.

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About clear power
Clear Power is the go-to useful resource for firms and C&I establishments for power provide and power consulting companies. The corporate’s shoppers embrace massive associations and firms within the automotive, schooling, monetary companies, healthcare, manufacturing, non-public fairness, actual property (REITS and property administration), of retail and expertise. With a confirmed course of supplied by essentially the most skilled retail power professionals and leading edge on-line public sale expertise, Clear Power has generated tons of of thousands and thousands of {dollars} in operational financial savings for patrons throughout America. North. For extra data, see www.transparentedge.com.

Contacts:

Business inquiries:
Jamil Ahmed
[email protected]
(862) 210-8770

Media inquiries:
Dan Mees
Mees Communications LLC
[email protected]

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