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Rock Entertainment Group (Cleveland Cavaliers) Selects Retail Supplier
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The Rock Entertainment Group and ENGIE Resources, a subsidiary of ENGIE North America, announced a new multi-year retail energy supply agreement that represents approximately 100% of the annual electricity usage at Rocket Mortgage FieldHouse and the Cleveland Cavaliers training and development center, Cleveland Clinic Courts, in nearby Independence, Ohio.
The supply agreement provides flexibility and stability by locking in a price for a portion of usage, while the price for the remaining usage floats at the current market index price.
"Another key element to the overall solution is that a pilot program will implement a process for all transmission and ancillary services billed directly from ENGIE Resources instead of the local utility, with charges based on actual demand. The venues will take advantage of savings that stem from its distinctive peak load characteristics versus higher pooled costs," ENGIE said
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February 9, 2022
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Copyright 2010-21 EnergyChoiceMatters.com
Reporting by Paul Ring • ring@energychoicematters.com
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