Take the guesswork out of your energy budget.
PowerAssure offers security & opportunity.
Ontario PowerAssure delivers more security to your energy budget
Large businesses and organizations operating in Ontario know that the Global Adjustment (GA) is a source of uncertainty on monthly energy bills—whether you’re paying the Hourly Ontario Energy Price (HOEP) or you are under a load following contract with an electricity supplier. The variability of the GA makes it difficult to accurately forecast yearly spend and energy experts are estimating it is going to continue to increase in the future.
How does PowerAssure work?
Direct Energy Business has a strategy to help take guesswork out of your operational budget planning and target. PowerAssure offers you the flexibility to pursue competitive pricing on the wholesale market, with the added protection of a capped maximum annual price for the term of one year.
Your electricity supply will be billed at the HOEP, a transparent published wholesale index, plus the GA, with a cap on the maximum total of the two. HOEP + Global Adjustment (GA) = Your Annual Electricity Supply Rate (up to the cap). While the market price (HOEP) and the GA are dynamic, this product allows you to realize the benefits of market lows, while ensuring that you’ll never pay more for your power over the course of your contract than the capped price plus a flat, negotiated up-front fee for energy management.
Features and benefits:
- At the end of your contract year, a Direct Energy Business PowerAssure Analyst will perform an analysis for your business to calculate your annualized weighted average cost of the HOEP plus GA unit rate.
- The analysis will illustrate either: A Credit: If your annualized weighted average unit price is above your cap, you will receive a credit in the amount of the difference in the cap price and the actual HOEP and GA rate, applied across your annual consumption for the contract term. Term Savings: If your annualized weighted average price is at or below your cap, your analysis will show the financial benefits as compared to the cap price.
Recommended for customers that:
- Want to capitalize on market opportunities without exceeding a budgeted maximum
- Are looking for budget certainty and planning capabilities
- Require a yearly analysis on energy strategy performance
- Want visibility into pricing