Case Study: Natural Gas & Electricity Brokerage for Municipal Government

Following a review of the City’s energy procurement practices and energy consumption, World Kinect conducted competitive supplier bids and identified more cost-effective natural gas and electricity providers.

World Kinect also recommended a multi-year hedging strategy and implemented a simple, low-cost energy conservation initiative to reduce overall energy usage.

World Kinect negotiated bids with reputable Ohio energy suppliers and managed the contract negotiation and supplier transition process on behalf of the City.

World Kinect provided ongoing market intelligence and regulatory guidance, helping the City navigate the changing energy landscape while ensuring that energy contracts remained compliant with municipal government requirements.

Previously, the City secured electricity and natural gas contracts annually, exposing its operating budget to market volatility.

To improve budget stability, World Kinect developed a long-term risk management strategy that layered and hedged energy purchases over two- to three-year periods. This approach allowed the City to establish greater consistency in annual budgeting while supporting longer-term planning and five-year forecasting.

Based on recommendations from the energy audit, the City upgraded lighting systems in several older facilities to more energy-efficient alternatives.

Looking ahead, the City plans to incorporate renewable energy options into future energy contracts while continuing to leverage World Kinect’s expertise and market knowledge.