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OilMonster

Good Energy
232 Madison Avenue , Third Floor 
, New York, New York, United States

Memberships : NA
Industry : Renewable Energy
Basic Member
Since May, 2019
About Company

Good Energy develops and implements aggressive and innovative savings programs tailored to the end users patterns of electricity consumption. Our comprehensive electricity analysis services provide customers with the information needed to make intelligent and informed energy decisions.  Good Energy has been involved in procuring electricity since the inception of retail deregulation several years ago. Good Energy offers both supply side and demand side management services. We have no financial interest in any fixed energy assets, (power plants), and therefore can give unbiased energy procurement advice.  We assist our customers in the preparation and negotiation of beneficial electricity supply contracts directly with utility companies. Thanks to our large economy of scale, we are able to secure contract considerations and very low prices for power which might not be available to consumers directly. Historically, Good Energy has been able to save commercial businesses up to 30% on their power supply costs.

Navigating Volatile Commodities Markets

Weather, speculative trading or geopolitical events, these are some of the factors that influence the fluctuations of volatile energy commodity markets. Understanding the forces that affect these patterns is critical to making the right decisions. Short term prospective and long term outlooks need to come into play when understanding the right product and term to employ.  By implementing a managed approach to procuring energy that incorporates market foresight and an understanding of energy trends and seasonal timing, Good Energy identifies the lowest cost and most beneficial product types for our customers. Good Energy remains involved throughout the term of the contract. And we continually recognize trends in the energy industry to identify opportunities to extend agreements when it is advantageous to do so.

Natural Gas Brokerage Services

  Good Energy offers natural gas brokerage services to commercial and industrial facility managers in deregulated natural gas supply markets throughout the United States.

Contract Basics 

Natural gas is a highly volatile commodity and the price per therm for delivery next month may differ substantially from the price per therm for delivery in the following month. An energy contract price may be determined, in part, by calculating a customers needs in each of the next 12, 24 or 36 months, and then multiplying those volumes by the futures prices for the respective months as currently available on the NYMEX market. Because the price of natural gas for delivery in each future month will differ, the prices for 12, 24 and 36 month contract offers will also vary. Add hedging premiums, losses, ancillary costs, margin, and other price components, and its easy to see why contract prices may vary wildly from one supplier to the next. Additionally, the prices available today may no longer be available tomorrow, due to rapid price fluctuations over a very short period.

Good Energys Value 

An array of product structures including fixed price, a host of index or variable rate offers and even “clean” gas offers are available in most markets nationally. Choosing the right product type is a very important element to the process of smart natural gas procurement. For example, it would have been a bad idea to enter into a fixed price long term natural gas supply contract in the days after Hurricane Katrina when natural gas prices peaked. It follows that the right product selection back then may not be the right product selection today, because market conditions have changed. The extreme volatility of natural gas contract prices make product type and term selection critical considerations to the process, and by soliciting contract offers for a chosen product type and term from a wide array of suppliers, and ensuring the price offers are made at the same moment, Good Energy maximizes the chance of pairing an energy users needs with the most attractive offer available given current market conditions. Contact your Good Energy representative today to learn how your business can benefit from a smarter way to buy energy.

Fuel Oil Supply, Delivery and Boiler Service Brokerage

Like other energy commodities, fuel oil is volatile, and entering into a contract at the right time and under the right circumstances is critical to minimizing energy costs. Unlike natural gas and electricity, the delivery of fuel oil is not regulated, so choosing an energy delivery company must also be done in order to receive the commodity at the burner tip. Add boiler service to the equation, and the complexity of the transaction leads many fuel oil consumers to buy from the same supplier at the same time of year, year in and year out. While personal relationships between vendor and customer are sometimes paramount, and while there are a great number of quality oil delivery and service companies in the marketplace, it is Good Energys experience that adding competition to the process in a structured way can dramatically reduce energy costs while maintaining or increasing the level of service for the boiler.

Dual Fuel Boilers

Many boilers in US metropolitan areas are capable of burning fuel oil or natural gas. Because the commodity price for oil and natural gas do not always move in step, there are times when it is economically advantageous to switch from one fuel to the other. To calculate price advantage, one must convert gallons of fuel oil used to therms of gas with an equivalent BTU. So if 6,000 gallons of #2 fuel oil are used during a typical December, and the delivered cost of that fuel is $2.50 per gallon, we have our delivered cost for the month of $15,000.00. Multiply the 6,000 gallons by a conversion factor of 1.385 to arrive at 8,310 therms of natural gas required for the same period. If the delivered price of gas per therm is less than $1.83 plus tax, then it is cheaper to burn natural gas. The conversion factors for #4 and #6 oil are 1.45 and 1.49 respectively. Interruptible rates and flexible supply contracts permit switching from one fuel to another as conditions and prices warrant.

A Smarter Way to Buy Energy

Good Energy works hard to generate maximum competition on behalf of our customers, providing sophisticated energy buying strategies, historical vs. current price perspective and recommendations regarding products and services best suited for each business we serve. To learn more about Good Energys smarter way to buy energy, contact your Good Energy representative today.

Renewable Energy

An investment in cleaner renewable energy will satisfy the needs of your customers, shareholders, employees and the decision makers of tomorrow by allowing your business to make substantiated marketing and public relations statements about its strong environmental commitment. Good Energy will provide a Public Relations Messaging Guide outlining the specific environmental claims that can be made, and the best means to leverage these claims with the media and interested stakeholders.

Renewable Energy Certificates

A purchase of renewable energy certificates, (RECs), includes title to the positive environmental attributes of renewable power generation. The environmental benefit to RECs and “green” power are the same. RECs can bring the green power benefit to customers nation-wide cost effectively and independently of third party retail power supply contracts. RECs are sourced from new renewable power generation units and allow the buyer to qualify for the prestigious EPA Green Power Partnership Program.

Lower Energy Supply Costs, Reduce Peak Energy Demand and Increase Energy Efficiency

 Manufacturing requires a lot of energy. In fact, manufacturing accounts for about 20 percent of all energy consumed in the United States, according to an Energy Information Association study. Good Energys portfolio of energy-saving strategies is specifically designed to help manufacturing clients lower energy supply costs, reduce peak energy demand and improve energy efficiency.  For manufacturers, one size doesnt fit all. The expenses associated with your energy consumption are directly linked to your changing production schedules, variable operating hours, fluctuating market demands and unique business processes. You need more than cookie-cutter solutions to cut energy costs. Good Energy stands apart from the crowd with a proven ability to deliver a custom energy supply and demand management blueprint for long-term savings.  You need more than cookie-cutter solutions to cut energy costs, and we can deliver a custom energy blueprint for long-term savings.  In addition to energy supply cost management and energy demand management services, Good Energy provides reliability, accuracy and responsive service. Call Good Energy to see what a trusted adviser and knowledgeable resource can do to help you manage your energy, lower expenses and gain the edge on your competition. The best part: Theres no upfront fee or obligation whatsoever.

 

Company NameGood Energy
Business CategoryRenewable Energy
Address232 Madison Avenue
Third Floor 

New York
New York
United States
ZIP: 10016

PresidentNA
Year EstablishedNA
EmployeesNA
MembershipsNA
Hours of OperationNA
Company Services
  • Natural Gas Brokerage Services
  • Fuel Oil Supply
  • Delivery And Boiler Service Brokerage
  • Renewable Energy Services
  • Lighting Solutions
  • Monitoring Services
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