Case Study

Polar Vortex

Polar Vortex

Pages 2 Pages

Success Stories: Polar V ortex Allied Hospitals and Educational Facilities Save $15 Million on Electricity Despite Record High Winter Market Using New Analytical Strategies. Chicago, IL, JUL 7, 2014 – A group of twelve healthcare systems and related educational facilities booked long-term savings of $15 million on electricity purchases using analytics provided by Hospital Energy’s procurement program. This past winter’s extreme Polar Vortex weather conditions caused energy rates to skyrocket throughout the nation. Nowhere were the effects felt more strongly than in the Northeast, which saw energy rates spike by more than 25 percent in many markets. While many institutional energy buyers were losing millions in budget overages, a group of non-profit institutions were actually reducing their

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