Don't Get Locked into the Wrong Contract

Perhaps, like many of our members, you are confused by the numerous postcards and calls you are receiving about your energy rates, and not sure which provider to choose? We hear your frustration and hope to simplify it for you.

As you receive postcards in the mail, or a suspicious call, or even someone who stops by your office with an appointment, please call us to clarify and confirm before agreeing to a rate/plan with another supplier or broker that may not be ideal. We strongly urge you not to auto renew without the COSE Energy team first reviewing all offers to ensure you are renewing and/or enrolling in the COSE program.

We have been notified by many of our members that they are turning away solicitors at their door or on the phone claiming they can lower their rate. Beware.

We are always closely monitoring the state of affairs with our energy consulting partner, OnDemand Energy, to ensure rate stability and a broad array of energy choices for our members.  One call handles both natural gas and electric, for your office, residence and employees.  

If you have an immediate question or concern regarding your natural gas or electric contract, please contact our partners at OnDemand Energy at (855) 267-3688.

We look forward to providing you more options than anywhere else and providing a no-cost consultative review of your bills.  For general questions, please feel free to reach Nicole Stika, our Vice President, Energy Services (216) 592-2338. 

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  • Next up: Don't Leave Money on the Table
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  • Don't Leave Money on the Table

    End of year estimations for budgets is upon us – that hurried time of the year where books close and you may be left grumbling. So, how do you make sure you don’t miss out and leave money on the table?

    End of year estimations for budgets is upon us – that hurried time of the year where books close and you may be left grumbling. So, how do you make sure you don’t miss out and leave money on the table? 

    The reality is that most energy efficiency projects aren’t budgeted. Why?  Maybe the project was more opportunistic than planned (who budgets to replace lights that aren’t broken?). Or, maybe the equipment that you thought could make it through summer with maintenance Band-Aids and Duct Tape now needs to be replaced. And you definitely don’t want to get into the frost bite of winter and be left without adequate heating.  Financing lets you do the project without a pre-determined budget.

    Financing isn’t new. It’s an everyday occurrence.  From buying a new vehicle to purchasing office equipment, we all have experience with it. The irony is while over 80% of CFOs and finance guru’s use financing to purchase capital equipment, very few think to use financing for building equipment, like lights, chillers, controls, and boilers. May not be as appealing, but they are necessary to properly run your business.  

    Until recently, financing for this equipment was difficult to secure. Now, it’s simple. No longer do you as the building owner and/or tenant have to hope money falls from the sky and pads your non-existent energy budget. You can now take advantage of attractive financing solutions, even when you don’t have the budget.  

    It just makes sense to shift dollars in your bottom line from energy savings to other areas of your business. Now, in partnership with our friends at KeyBank, we will structure a plan that illustrates positive cash flow to your business. Don’t let the cost of waiting (or not knowing what to do, and when) get in your way; it is never too early to map out your energy savings strategy.

    So as the year starts to come to an end, it’s time to make your cash flow more positively to end the year strong. Let us show you how!

    Contact us today at 216-592-2205 or email us at energy@cose.org

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  • Next up: RNC: Don’t Let Security Concerns Trump Your Week
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  • RNC: Don’t Let Security Concerns Trump Your Week

    The Republican National Convention (RNC) will be hosted in Cleveland from July 18-21, with secondary events planned for the days immediately leading up to and following. It’s no secret this will be a huge event for Cleveland and Northeast Ohio, as it will bring the focus of the national and international media, millions of dollars from thousands of visitors and, of course, protestors. Regardless if your headquarters is five or 25 miles from downtown, there are added risks you should prepare for.

    The Republican National Convention (RNC) will be hosted in Cleveland from July 18-21, with secondary events planned for the days immediately leading up to and following.  It’s no secret this will be a huge event for Cleveland and Northeast Ohio, as it will bring the focus of the national and international media, millions of dollars from thousands of visitors and, of course, protestors.  Regardless if your headquarters is five or 25 miles from downtown, there are added risks you should prepare for.

    There have been various security meetings for the security industry as well as the business community alike over the last year, and the message is very clear - every business, not just businesses downtown, need to raise their security posture during this time.  Most of the businesses downtown are either already working on plans to secure their places of work or have already made the necessary accommodations to best prepare them for the increased risk that will be present.  

    Here are some facts to consider that have been discussed as real possibilities by the FBI, Secret Service and local police:

    The RNC will bring about 50,000 in media and event attendees alone.  Expect the actual number of tourists to reach upwards of 100,000+ when you factor in Republican supporters and protestors. 

    • These visitors will venture out to various restaurants and events and attend RNC-related activities throughout the area. 

    To fortify security around the Convention, Cleveland is looking to bring in 1,500 – 2,500 more law enforcement officers from around the country.

    • Many have questioned if that is enough as there is much more going on besides the convention.
    • Will the Cleveland law enforcement, or those police officers being brought in - who don’t normally deal with large events and their inherent problems - be properly trained in time?
    • Several suburbs are sending officers and other resources to assist downtown.  This is a calculated risk each suburb makes, weighing the safety of their own city - some have already backed out.

    Hotels and homes for the event have been rented out as far as Toledo, Mentor, Medina and other areas heading south.  This is not just a Cleveland event.

    Thousands more people means everything gets more crowded, especially transportation.  The highways, ‘Ubers’/taxis and RTA will all be experiencing increased use.

    • A threat to your business doesn’t necessarily come from violence, but rather the availability of your workforce or customers, and their ability to get to your place of business.

    With any national event, there will be demonstrations.  Anti-Donald Trump groups, Resist 2016 and Black Lives Matters have already planned rallies.  While the peaceful protests are well within their constitutional rights and should be respected as such, many demonstrations can turn disruptive.

    • What if a march shuts down a normally busy street or highway?  What if a protest turns violent?

    For those who cannot attend but want to make their voice heard around the country and around the globe, cyber-attacks are a real threat.  Those who supply the convention, government or military may see an uptick in attacks during this period in an effort to disrupt the convention electronically.

    The many risks associated with an event like this range from congested streets to acts of terrorism. Taking all the possibilities into consideration before the RNC is the best way to be prepared to handle the unthinkable.  Preparation is key.  Plan now for how to respond to an incident.  In the event of an incident escalating, be aware of simple things like who to contact, what your priorities are and strategies to minimize the financial effect on your business.  Stay alert, keep up to date with what is taking place during the week and always be planning on how you will respond in the event of a threat unfolding.

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  • Next up: Don't let your Natural Gas Contract Auto Renew under a Different Supplier!
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  • Don't let your Natural Gas Contract Auto Renew under a Different Supplier!

    Review your options for natural gas (and electric) through COSE before it’s too late. Thank you for trusting COSE as your energy advisor for your natural gas. You may have (or soon will) received a postcard in the mail from Constellation Energy (formerly Integrys Energy) as a preliminary notification or a second one with a renewal offer (product/rate/term). We urge you to call us first before letting your account auto-renew and getting locked into a non-COSE rate.

    Review your options for natural gas (and electric) through COSE before it’s too late.

    Thank you for trusting COSE as your energy advisor for your natural gas. You may have (or soon will) received a postcard in the mail from Constellation Energy (formerly Integrys Energy) as a preliminary notification or a second one with a renewal offer (product/rate/term). We urge you to call us first before letting your account auto-renew and getting locked into a non-COSE rate.

    COSE and our consulting partner, OnDemand Energy want to make sure you are getting the most competitive rate, so let us shop that rate against 20+ suppliers to provide you the best rate.

    If you have an immediate question or concern regarding your natural gas or electric contract, please contact our partners at OnDemand Energy at (855) 267-3688. They will however, reach out to you in advance of your contract renewal to discuss your options. This is also the time to lock in electric rates, since one call now handles both your utilities, making it simpler and more convenient for you.  

    COSE and OnDemand Energy partner to offer you choices for your office, residence and employees. 

    We look forward to providing you more options than anywhere else and providing a no-cost consultative review of your bills.  For general questions, please feel free to reach me at (216) 592-2338.  Let us help you reduce and manage energy expenses.

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  • Next up: e2b teknologies: Tech turns A/R to cash faster
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  • e2b teknologies: Tech turns A/R to cash faster

    We spent some time recently with the folks at e2b teknologies talking about improving A/R cycle times. They’ve got a great product, Anytime Collect, that we’ve recognized as a finalist in the Best of Tech Awards.  But as important as the quality of this product, they’ve developed a deep understanding of best practices in receivables management.

    We spent some time recently with the folks at e2b teknologies talking about improving A/R cycle times.

    They’ve got a great product, Anytime Collect, that we’ve recognized as a finalist in the Best of Tech Awards.  But as important as the quality of this product, they’ve developed a deep understanding of best practices in receivables management.

    Jim Mallory, Director of Marketing, shared the company's insights into how businesses can automate A/R management and also a little bit on their cool product.

    Check out the podcast here


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  • Next up: Electric Changes
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  • Electric Changes

    As you are likely aware by now, FirstEnergy Solutions no longer intends to sell electricity to medium-sized companies and industries and will not renew contracts when they expire.

    As you are likely aware by now, FirstEnergy Solutions no longer intends to sell electricity to medium-sized companies and industries and will not renew contracts when they expire.

    Anthony Alexander, FirstEnergy president and CEO, announced the change of direction during the a company teleconference mid-2014, explaining the company wanted to move away from retailing to "weather sensitive" customers. They are however, continuing to serve strategic large industrial and commercial customers as well as their governmental aggregation, like NOPEC.

    By now, you may have also received a letter in the mail indicating the expiration of your term and of your options. Like many, this caused some alarm.

    No need to panic. You will not lose power.

    If you do nothing, you revert back to the utility (FirstEnergy Corp.) for generation supply at a variable rate that is subject to increase, especially as we inch closer to summer. Having this uncertainty puts you at risk for a large increase in a future Price to Compare (PTC) which could quickly erase past savings when the PTC was slighting less than the current offer.

    For budget certainty and to lock in with a fixed rate, COSE recommends calling our partners at OnDemand Energy to secure your rate for 12 to 36 months. We want to ensure you have long-term stability and know up front what your rate will be. COSE strives to provide members with

    A few points to note with the new rates however. Prices are increased overall. Suppliers today are now adding more risk premiums to their products to head off against unexpected circumstances such as last winter’s Polar Vortex charges that we all recall.

    And while you are at it, let’s be sure we are also reviewing your natural gas bills.

    So don’t get left out in the cold snowy weather this winter…let’s think spring and secure your electric and natural gas rates now so you can enjoy the warm weather when it arrives.

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