We’re the leader in energy procurement, because it’s all we do.
11 years and counting.
Coastal Energy specializes in brokering the most efficient energy plans at the best rates for small, medium, and large businesses. No matter the size of your business and your electricity bill each month, we secure the best available rates for our clients. Since we represent a wide portfolio of clients, suppliers extend our brokerage a better rate than customers can negotiate on their own, and we pass those savings on to you.
We offer services in all deregulated counties in Maryland, working with BGE, PEPCO, Allegany, and Delmarva Power suppliers to get you the absolute best rate. If you’re in our region and serviced by BGE, PEPCO, Allegany, or Delmarva Power, then we can find you the best rate tailored to your company’s needs, guaranteed.
Procurement services available for all deregulated counties covered by BGE, PEPCO, Allegany, and Delmarva Power suppliers.
Energy contracts are built on four variables to get you the best rate for your company.
CONTRACT TYPE
There are two types of contracts: fixed rate and index rate. While an index rate is variable and rises and falls with the energy market, fixed rates guarantee a business the lowest rate for as long as they lock it in. Learn more about fixed and indexed contracts below.
CONTRACT LENGTH
Businesses can negotiate contracts in increments of six or twelve months, and many companies opt for 2-3 year fixed-rate contracts to lock in the best price without the hassle of constant renegotiation. Flexible terms mean businesses choose what’s best for their needs.
ENERGY MIX
For companies who want to include solar, wind, or other renewable sources in their mix, or companies focused on carbon-neutral operations, we have it covered. We’ll help select the best provider to offer the right mix at the best price available in each service area.
SUPPLIER PASS-THROUGH FEES
Some suppliers offer a low rate for each kilowatt hour (kWh) but then add on pass-through fees once you get your bill that can drastically affect the total cost. Our account team will help choose the best supplier for not only bottom-line kWh rate but also total fee structure.
Fixed rate or index rate?
It’s all about your budget, business model, and staffing plan.
Fixed-Rate Plans
Fixed-rate contracts are the most common contract type and are best for businesses on a set operations budget who need to ensure predictable energy costs each month. Simply select in the lowest kilowatt hour (kWh) rate from the most reliable supplier in the area, decide how long to lock in the rate, and your kWh cost is guaranteed not to increase for the life of your contract.
Ensures a low rate when energy rates increase
Provides budget predictability
Shelters the business from additional risk
Index-Rate Plans
Index-rate contracts provide an additional level of flexibility for large and enterprise businesses who want a variable rate based on market fluctuation. Although index rates can rise when the energy market spikes, they also offer potential cost savings to companies who can afford a greater risk exposure in their facilities costs and have someone overseeing contract management.
Offers potential cost savings when the market falls
Provides flexibility to companies with large portfolios
Allows portfolio managers to capitalize on large market shifts
Here’s how the brokerage process works from start to finish.
1. Request a free quote.
Simply fill out the form below to get your free quote from our account team in 4-6 business days. There is no pressure to change contracts, and we’ll show you the best available rates in your area based upon the contract type and length you want.
2. Attach a recent power bill.
Don’t forget to attach your most recent power bill to your quote request. To accurately negotiate rates on your behalf, we need the full bill to show suppliers and have them compete for your business.
3. We analyze your consumption.
Once you upload your power bill and quote request, we’ll analyze your historical usage data (if applicable), match it to your ideal power mix, and recommend the plan and contract length best optimized to fit your needs.
4. We build a supplier RFP.
Once we’ve analyzed your usage data (if applicable) and we understand your needs, we’ll build an RFP (request for pricing) and send it to available suppliers in your service area.
5. Suppliers bid for your business.
Since we represent a large portfolio of clients, suppliers extend us a better rate than companies get on their own. We’ll negotiate the first round of bids, gather up the best proposals for you to review, and then present them to you within 4-6 business days of your request.
6. We negotiate the best rates.
Once you’ve narrowed down the results to your most desirable bids, we’ll go back and negotiate final rates to get you exactly what you need to make your business run efficiently and effectively.