Satori Energy Is Ranked #1 in Overall Supplier Satisfaction

CHICAGO – May 1, 2017 – Energy Research Consulting Group (ERCG), the most recognized consulting organization in the deregulated energy industry, ranked Satori Energy #1 in Overall Supplier Satisfaction as part of their recently completed national aggregator, broker, & consultant (ABC) study. This is the third consecutive year in which Satori received high rankings and the second year in a row that the firm received top honors in the category.

Satori President David C. Wiers acknowledged that this is truly a team achievement and attributed the continued success to company culture. “As I have always said, we work very hard to create a standard of how we operate at Satori, and it is rewarding to see this recognized in the marketplace. We value our suppliers as partners working toward “win-win” relationships on a daily basis and this philosophy helps to achieve the best possible results for our clients. I am proud of our team and how they consistently work to improve and strive for excellence on a daily basis.”

About Satori Energy
Satori Energy was founded in 2003, is headquartered in Chicago, and has evolved with the changing electricity markets over the past 14 years. Currently serving over 55,000 accounts, Satori has continued its mission to serve its clients through strategic energy procurement, risk management, market monitoring services and overall energy management solutions for clients in deregulated markets nationwide. For additional information, please visit www.satorienergy.com.

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Satori Energy – ERCG 2016 #1 ABC – Press Release

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Satori Energy Acquires Energy Choices, Inc.

CHICAGO – April 3, 2017 – David C. Wiers, President of Satori Energy, announced today that Satori Energy has acquired the assets of Chicago-based Energy Choices, Inc.

Energy Choices has operated since the beginning of deregulation in Illinois and has worked at the forefront of securing electricity cost savings for customers. Founded by professional engineers with business backgrounds, Energy Choices developed a regional reputation as a top firm in the Chicagoland area. This is the eighth acquisition by Satori Energy since 2014, which continues Satori’s pattern of targeted growth. Wiers commented, “I have known the founders of Energy Choices for over 13 years and we have always had a great professional relationship, especially working within the Illinois Energy Professionals Association (ILEPA). Satori is excited to welcome new members to our team as well as hundreds of new clients that will benefit from Satori’s robust back-office platform.”

Craig Schuttenberg, one founders of Energy Choices added, “This was a great fit for Energy Choices clients and for Energy Choices. Satori’s client-service operations have been recognized in the industry and we are excited to be able to offer our clients these capabilities.”

Two full-time employees were included in the acquisition. The transaction closed in late March 2017.

About Satori Energy
Satori Energy was founded in 2003, is headquartered in Chicago, and has evolved with the changing electricity markets over the past 14 years. Currently serving over 55,000 accounts, Satori has continued its mission in serving its clients through strategic energy procurement, risk management, market monitoring services, and overall energy management solutions for clients in deregulated markets nationwide. For additional information, please visit www.satorienergy.com.

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Satori Energy – Energy Choices (Press Release)

Satori Energy Acquires Book of Contracts from Best Power

CHICAGO – December 29, 2016 – David C. Wiers, President of Satori Energy, announced today that Satori Energy has acquired a book of electricity contracts from Florida-based Best Power, LLC.

Best Power operated as a call center for the past five years and built up a sizable portfolio of small to mid-sized commercial customers. This is the seventh acquisition by Satori Energy since 2014, which continues Satori’s pattern of targeted growth. Wiers commented “We are excited to bring Satori Energy’s highly successful client-centric approach to another group of customers and we know that the Satori process will create value for these customers over time.”

Wiers added, “Through this and other acquisitions, Satori has provided liquidity to other brokerage firms looking to move on to other opportunities, while maintaining the great service our customers have grown accustomed to. This level of service has been recognized by our peers and partners in the industry, and we are excited to demonstrate our capabilities to a new family of customers.”

No employees were included in the acquisition. The transaction closed in late December 2016.

About Satori Energy
Satori Energy was founded in 2003, is headquartered in Chicago, and has evolved with the changing electricity markets over the past 13 years. Currently serving over 55,000 accounts, Satori has continued its mission in serving its clients through strategic energy procurement, risk management, market monitoring services, and overall energy management solutions for clients in deregulated markets nationwide. For additional information, please visit http://www.satorienergy.com.

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Satori Energy – Best Power (Press Release Dec. 15)

Satori Energy Continues Pattern of Targeted Growth, Completes Series of Acquisitions

Satori Energy has acquired, entered into strategic partnerships with, or purchased certain assets of seven businesses over the previous five years, a strategy that has helped grow Satori Energy’s book of business as well as expand their nationwide footprint. Each purchase was uniquely structured but all had the same purpose – to introduce Satori Energy’s robust back-office support and drive additional value for the newly acquired clients. Please click on the links below for the details of each specific acquisition:

01 - SEP02- PUB03 - GOBY04 - VEG05 - EN06 - WTX07 - ISP

Case Study: Manufacturer Uses Market Analytics to Overhaul Procurement Strategy

Problem:
A large natural gas user, uncertain if their current natural gas procurement strategy was effective, engaged Satori Energy to review their current strategies and to propose any enhancements or improvements.

Analysis:
Upon review, Satori Energy determined that the client’s existing strategies were poorly defined and had resulted in an over-market contract. Satori Energy was able to negotiate a more favorable contract with a new supplier and suggested developing a tool which would allow the customer to analyze market conditions and lock in portions of their natural gas load at opportune moments.

Recommendations/Implementations:
Satori Energy developed a tracking tool that monitored the natural gas market and utilized certain criteria, such as historical performance indicators and trigger prices, to help the customer make decisions regarding how much of their natural gas load to lock into a fixed rate. The tool provides a report for the customer to review which analyzes whether or not the market conditions match their specific procurement criteria.

Conclusion:
Satori Energy can now provide a report to the customer to help them easily decide when and how much natural gas to lock into a fixed rate. The program monitors the gas market monthly, and Satori Energy reviews the report with the customer each month, providing ongoing support and suggestions for their natural gas procurement strategy. With Satori Energy’s help, the customer is projected to save over $80,000 for the life of their new contract.

Case Study: Client Enhances Energy Management Through Contract Negotiations

Problem:
A property management company that manages several properties seeks a contract which offers the flexibility of adding and deleting accounts as tenants occupy and vacate suites, without penalty of early termination fees.

Analysis:
Satori Energy analyzed information about the many properties that the company manages in order to determine the best course of action when negotiating a specialized contract with suppliers. Satori spoke with numerous suppliers to negotiate the most advantageous terms for the client and presented these findings to the client.

Recommendations/Implementations:
Satori Energy negotiated a contract which allows accounts to be added to the contract when a tenant vacates the space, or dropped from the contract when a tenant moves into the space. Once the contract was executed, a process was put in place to add and delete accounts when needed. Satori Energy provided the client with a detailed form that the client fills out whenever an account needs to be added or deleted. This form is sent to the supplier, wherein the supplier prepares documents for the client to sign to complete the process.

Conclusion:
The add/delete process has been perfected for maximum efficiency, almost always completed start-to-finish in one day. This specially negotiated contract achieves the flexibility that the client desired and allows for the additions and deletions without any penalty to the client.

Case Study: Innovative “Power Pool” Program Encourages Group Purchasing Power

Problem:
A local chamber of commerce became frustrated over time as some of their members complained about unfavorable electric agreements they unknowingly entered into. The chamber board wanted a plan that offered their business members favorable contract terms and pricing and possibly took advantage of their group purchasing power.

Analysis:
Satori Energy met with the chamber board to discuss possible options, including pricing the entire group’s load in aggregate in hopes of being offered more competitive rates by retail electric suppliers. After agreeing upon program parameters, Satori Energy presented a “Power Pool” offering at the monthly chamber meeting and began collecting all relevant data from the chamber members.

Implementation:
Satori Energy created forms for all of the members to execute, allowing all contracting paperwork to be handled internally by Satori Energy. Satori Energy allocated the chamber members into several groups based on their current contract end dates. RFPs were then created for each group, requesting pricing with coterminous end dates so the small groups could ultimately renew as one large group from that point on.

Conclusion:
The group as a whole is benefitting from both a streamlined process as well as lower rates across the board thanks to their newly implemented group purchasing program. New businesses are enrolled on the fly and complaints regarding electric contracts have ceased at the monthly chamber meetings.