Midwest Steel Fabricator
Illinois·MISO Market
Challenge
A mid-size steel fabricator was locked into a high fixed-rate electricity contract with no price transparency. Their annual electricity spend exceeded $1.2M and they had never competitively bid their supply.
Approach
Gastricity conducted a full energy audit, identified the contract renewal window, and issued a competitive RFP to 14 MISO-region suppliers. We negotiated a 24-month indexed contract with a price cap provision.
Result
Secured a 22% reduction in blended electricity rate, saving the client $264,000 over the contract term. Added a swing tolerance clause to accommodate production variability.
Total savings
$264,000
Rate reduction
22%