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Grocery Store Chain Gains Control Over Energy Budgets

Case Study /

Grocery Store Chain Gains Control Over Energy Budgets

This client utilized our Stark Intelligence team to reduce their risk of exposure in volatile energy markets.

Customer Challenge:
The client, a public grocery store chain with 150+ locations, had little control and oversight into their energy budgets. The corporate tolerance for risk was misaligned with their energy procurement strategy. When the market became volatile, the grocery store chain was exposed and over budget.

Stark Solution:
The client needed a solution that allowed them to fully understand their risk exposure and budgetary implications. Using Stark’s proprietary software, ControlFreak, Stark’s Intelligence team conducted a no-cost evaluation of the customer’s building portfolio to analyze its energy consumption and uncover any potential operational-related issues. This allowed them to develop a purchasing strategy that aligned the customers corporate goals with their energy procurement strategy.

Results:
The Stark Intelligence team utilized ControlFreak to provide the grocery store chain with accurate cost projections. Therefore, the client gained control over their energy budget and cash management process and improved their asset utilization.

This client also benefits from Stark’s Commodity Advisors, who consult on upcoming market changes and support procurement strategy implementation.

Stark Commodity Advisors work with our clients to develop customized energy procurement strategies that meet their specific goals. They do this by managing risk exposure and capitalizing on savings opportunities. Our team implements multi-year energy strategies, quantified risk analysis, and budget stabilization to make informed decisions for our clients.

ControlFreak directly interacts with RTO/ISO and CME/NYMEX markets to provide instant access to real-time, day-ahead futures market settlements.

Stark Intelligence

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