As you strive to become more energy-efficient and meet your specific energy needs, it is important that you familiarize yourself with the world of energy solutions so that you can make an informed decision about the best energy choices for you, your family, or your business.
Whether commercial, residential, or non-profit, an ESCO provides a wide variety of energy solutions. ESCOs may also help with designing and implementing projects that conserve energy, retrofitting, generating power, supplying energy, outsourcing energy infrastructure, and managing energy risks.
We should also ensure that we are clear in explaining our role about a very important concept; what it means that ESCOs function as energy “suppliers” and how exactly we will assist you.
An energy supplier is a company that acquires energy, be it electricity, renewable energy or natural gas supplies from a wholesale market and then sells it to homes and businesses. We should state that an ESCO or energy supplier is not your local utility, your local utility company will still handle distribution and transmission methods that actually deliver the energy to its intended destination, such as your home.
An energy supplier or ESCO simply buys the wholesale energy and couples it with other services and programs to offer a superior product to you the consumer. This helps combat the near monopolistic method of operation that utility companies typically get to take advantage of.