Athens Housing Authority in Georgia was paying an average of $300,000 annually in natural gas costs to fuel over 1000 residences.
- Since the natural gas deregulation of 1998, the Athens Housing Authority has self-managed its natural gas procurement using a competitive bid award process. This effort always outperformed the general pricing market resulting in considerable savings to the Authority.
- With the ever-changing complexity and volatility of the energy industry and a desire to remain informed and fiscally responsible, the Authority was interested in learning about Tradition Energy's services that are available through the OMNIA Partners, Public Sector, cooperative contract, and the potential to further reduce their natural gas costs.
THE APPROACH
- Tradition Energy and OMNIA Partners, Public Sector, explained the benefits of utilizing Tradition’s publicly awarded cooperative contract to the Authority, including that it met all required HUD contracting rules.
- Tradition Energy's advisor worked with the Athens Housing Authority to evaluate their historical procurement practices and identify new opportunities to improve supplier competition and procurement timing.
- A natural gas procurement strategy was developed based on Tradition's Regional Market Outlook, the Authority’s procurement goals and risk tolerance, and Tradition's proprietary wholesale market pricing research.
