On the Rocks Italian Bistro: ~24% Off the Supply Rate
A Burleson, TX Italian restaurant put its electricity supply out to bid in a reverse auction. The winning 24-month fixed contract came in about 24% below the supply rate previously billed at the location, projected to save roughly $1,220 a year at the location's recent billed usage.
Reverse Auction Result
~$1,220/yr projected at the location's recent billed usage · 24-month fixed rate · Constellation Energy
Engagement Timeline
The Situation
Michael was opening a new restaurant in Burleson, in a former restaurant space that had sat shut down. He had no billing history of his own at the location, so Voltcheckr estimated usage from the building and his planned operation, and the supply rate on the location's most recent bill, from the space's previous restaurant tenant, set the number to beat.
The Analysis
The account went out to competitive bid in a reverse auction. Competing suppliers had 4–5 business days to submit their best offer, and each could see the offers they had to beat, so most of the sharpest pricing landed on the final day. The winning offer: a 24-month fixed supply rate from Constellation, about 24% below the supply rate on the location's previous bill. Delivery charges are set by Oncor and don't change with the supplier.
The Result
Michael signed the 24-month fixed supply contract with Constellation, locking his supply rate about 24% below what the location was previously billed. At the location's recent billed usage that projects to roughly $100 a month in supply savings. The cut is in the rate itself, so actual dollar savings will track however much power the new kitchen actually uses.
Supplier: Constellation Energy · Product: Fixed Supply Rate · Term: 24 months
Savings compare supply charges only, against the supply rate previously billed at the service location; delivery charges are set by the local utility and are the same no matter which supplier you choose. Projected savings are estimates based on the location's recent billed usage and are shown rounded; actual usage, taxes, and charges will vary. This analysis is for informational purposes only and does not constitute a binding offer or guarantee of savings. Contracted supplier pricing and the location's exact usage are confidential and not published.