Realgy Proposes $2.6 Million in Savings for Indianapolis Public Schools
PRESS RELEASE October 16, 2013 | By: Realgy, LLC
INDIANAPOLIS, Indiana, October 16, 2013 – Indianapolis Public Schools (IPS) has issued a request for proposals for natural gas to serve its 90 schools. Realgy Energy Service, a wholesaler or third party supplier in the Citizens Gas Energy Select program responded with a proposal that would have saved the school district over $2,588,000 for the last 3 years.
“We are thrilled to be able to offer IPS nearly 3 million dollars in savings,” said Michael Vrtis, President of Realgy Energy Service. “We submitted our proposal and even if we are not selected, the savings IPS can expect to receive from purchasing their natural gas directly from a supplier, without any Citizens Gas markup, will provide significant cost reductions.”
The Energy Select program was initiated by Citizens Gas to “reduce the energy cost of Citizens Gas customers.” This was in keeping with their charter which states; “We maintain the lowest possible rates with sound financial management.”
The Citizens Gas Energy Choice program is not well known but it provides all municipal, commercial, and industrial customers a choice between purchasing their natural gas from Citizens Gas or directly from a registered third party supplier of natural gas such as Realgy Energy Services.
In April 2009, Realgy Energy Services received approval as a third party supplier in Citizens Gas. Unlike other suppliers, Realgy Energy Services extends customer choice to commercial and small businesses.
“The benefits from receiving your gas service with Realgy Energy Services as your wholesale supplier instead of Citizens Gas has been demonstrated every month over the last 3 years,” said Michael Vrtis, President of Realgy Energy Services. “From November 2010 through to October 2013, Realgy Energy Services has delivered nearly 16.79% savings compared to purchasing from Citizens Gas. For the average commercial customer that is an annual savings of $7,120.86.”
The bidding for natural gas service was opened October 16, 2013 with service expected to begin January 1, 2014. Additional information on the bid and the bid results can be obtained by contacting the IPS Purchasing Agent at 120 E. Walnut Street, Rm. 117 Indianapolis, Indiana 46204.
Realgy Energy Services is an energy marketer serving retail customers in Indiana, Illinois, and Michigan. They began serving Indiana customers in April 2003; since that time they have a perfect record (certified A+) with the Better Business Bureau; http://ct.bbb.org and no complaints before the IURC http://www.in.gov/iurc or OUCC http://www.in.gov/oucc/
Contacts:
Michael Vrtis
President
Realgy Energy Services
860-233-2270
www.realgyenergyservices.com
Nicole Werner
Media Contact
Realgy Energy Services
860-233-2270
www.realgyenergyservices.com
In Response to Chicago can’t beat ComEd price. So raise it?
Written by Michael Vrtis President of Realgy Energy Services in response to Chicago can’t beat ComEd price. So raise it?
Realgy DOES NOT support changing how the Illinois Power Agency buys power, so that our prices can be more competitive.
We already are:
- Realgy has been below ComEd monthly pricing since January 2012, Twenty-one straight months in a row!
- Our average commercial customer has saved $3,741.41
- Our average residential customer has saved $90.02
We compete in serving our customers, not just with lower priced energy but smarter buying strategies.
This price question is a result of municipal aggregation, where cities like Chicago want to be able to raise money by adding a surcharge onto the electric rate customers pay, and still show savings compared to the utility!
Municipalities select an energy marketer as their preferred vendor and require they add a surcharge to their cost which they pay to the city. The surcharge provides no value to the customer or the energy marketer.
Perhaps instead of looking to raise everyone’s price of power they should just get out of the aggregation business or look to actually add value for their surcharge.
Check out Crain’s article: “Chicago can’t beat ComEd price. So raise it?”
Inc. Magazine has Unveiled Its Annual Exclusive List of America’s Fastest-Growing Private Companies – The Inc.500|5000
PRESS RELEASE August 28, 2012 | By: Realgy, LLC
Realgy Energy Services Ranks No. 180 on the 2012 Inc. 500|5000
Inc. magazine has ranked Realgy Energy Services No. 180 on its sixth annual Inc. 500|5000, an exclusive ranking of the fastest growing private companies. This list represents the most comprehensive look at the most important segment of the economy – American’s independent entrepreneurs. Realgy joins Yelp, yogurt maker Chobani, Giftcards.com, KIND and famed hat maker Tilly’s, among other prominent brands featured on this year’s list.
“I am honored to see Realgy featured on the Inc. 500|5000 list for the second year.” says Michael Vrtis, President, “I would like to thank our vendors for allowing us to focus on our customers, the state of Connecticut for promoting small businesses and our employees for helping us to provide excellence in energy marketing.”
In a stagnant economic environment, median growth rate of 2012 Inc. 500|5000 companies remains an impressive 97 percent. Over the past three years Realgy has grown 1,919%, and is ranked 11th out of 103 companies in the energy industry. The companies on this year’s list report having created over 400,000 jobs in the past three years, and aggregate revenue among the honorees reached $299 billion. By comparison Realgy has created eight full time positions in Connecticut in the last six months, and had revenue of $32.3 Million in 2011.
Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/5000.
“Now, more than ever, we depend on Inc. 500/5000 companies to spur innovation, provide jobs, and drive the economy forward. Growth companies, not large corporations, are where the action is,” says Inc. Editor Eric Schurenberg.
Realgy, LLC DBA Realgy Energy Services was founded in 1999 by individuals who worked for many years with large utilities, energy service companies and energy marketers. Within these organizations they saw the limitations of the systems and software. Today Realgy Energy Services is an energy supplier in three deregulated states Michigan, Indiana and Illinois with plans to expand.
Contact: Realgy, LLC Michael Vrtis 675 Oakwood Avenue West Hartford, CT 860-233-2270 www.realgyenergyservices.com