We make managing your energy costs easy.

Managing energy costs is a critical aspect of running any successful organization. We believe that effective cost management and tracking is key to achieving your financial goals and improving your profitability. Our expertise and tools will help you save time, money, and optimize your business development. Explore our page to learn more about what we can offer to help you succeed.

Contact Us Today

hand-holding-pen-over-documents

Why an effective cost management strategy?

Stay on Top of Your Spend

Having a full-developed cost management strategy can help organization’s forecast the monthly and annual energy consumption, allowing you to budget your energy spend, track unexpected variances, and identify the cause. An effective cost management strategy not only reduces the administrative burden on back-office resources, but it also ensures payments are made on time and no overage charges are assessed.

man-reviewing-electricity-bill

Gain More Control Over Your Energy Costs

The ultimate goal of cost management is to improve your organization’s profitability and reduce its waste. We offer practical strategies and solutions to reduce your expenses without limiting your team’s productivity and efforts. Whether you need assistance as a small business or large corporation, AEP Energy Services has something for you.

  • Consolidated Account Management

    Helps organizations gain visibility of their entire portfolio through turnkey reports to track energy spend, cost fluctuations, and increase benchmarking capabilities for variance tracking.

  • Rate Analytics & Corrective Action Services

    Analyze rates across deregulated and regulated energy markets to find optimal rates for cost reductions and tariff opt-out opportunities

  • Bill Payment Services

    Consolidates bills and ensures that bills get paid on time through a third-party provider. It reduces administrative complexity and simplifies back office support through consolidation and outsourcing to financial experts.

  • Budget Planning & Spend Forecasting

    Focuses on a historical analysis of energy spend, rates and forecasted energy market rates that can aid in the budget planning process with a degree of certainty on energy spend.

  • Optimized Cost Savings Opportunities

    Will be the ongoing, continuous analysis of usage and rates to identify cost reduction opportunities, minimize bill payment transactions, and simplify utility costs.

A Comprehensive Approach

Our comprehensive cost management approach ensures effective utility account management, bill payment, cost transparency and optimization for your organization.

Historical & Forecasting Analysis

Conduct a comprehensive review and evaluation of your historical energy information.

Strategy Development

Establish your organization’s energy management objectives and long-term strategy.

Systematic Process Implementation

Implement execution plan aligned with priorities.

Reporting &Transparency

Develop routine reporting that demonstrates goal progress, insights and accurate budgeting for forecasting and energy spend.

From the blog

Knowledge is Power.

AEP Energy’s Customer Insights blog provides helpful information to help organizations like yours make informed decisions regarding their energy management strategy. Read more as we explore a new energy-related topic each month.

Transmission costs continue to increase, year after year

Transmission

(2 minute read) Transmission Rates Keep Climbing Have you noticed the transmission rate on your energy bill increasing recently? You are not imagining things. In some areas, rates have increased over 75%! Regardless of whether transmission costs are billed by the utility or passed through to you on your retail energy supplier bill, this costly …

Timing Your Energy Contract Decisions – Best Practices to avoid Bad Markets

Cost Management

Smart and savvy energy buyers know that a well thought out energy procurement strategy is critical to realizing long-term cost savings. However, many procurement managers do not dedicate as much rigor to it as necessary. This often leads to them being caught up in challenging energy markets or making uninformed decisions on their purchase, that …

Best Practices in Energy Management: Four Mistakes People Make (and How to Avoid Them)

Energy Management

In this edition of Customer Insights, we’ll discuss some of the most common mistakes organizations make managing their energy spend, and how you can learn to elevate your energy management performance. Four Areas Energy Users Make Mistakes Usage and spend tracking Energy supply contact management Oversimplying Employing piecemeal approaches Usage and Spend Tracking When it …