HOUSTON, Texas, July 9, 2014 (GLOBE NEWSWIRE) -- via PRWEB - EMEX, LLC, a leading technology firm that is revolutionizing how energy is bought and sold through its live Exchange, announces that it has helped a Red Robin franchise (The Franchise) in Connecticut and Massachusetts secure savings on its energy expense for over 1.9 million kilowatt-hours of electricity and over 150,000 therms of natural gas annually.
The seven different stores serviced throughout Connecticut and Massachusetts fall under 3 different utilities including Connecticut Light & Power, United Illuminating, and National Grid. The Red Robin franchise locations were able to lower their combined natural gas rates in Massachusetts and Connecticut by a projected 18%. The Franchise was also able to reduce its locations' electricity rates by 7% overall. All locations secured 24 or 36 month contracts, giving Red Robin both savings and budget certainty on its energy costs in order to augment the sustainability of the Franchise throughout both states.
"These significant savings come on the heel of a report stating that some customers are paying a higher rate with 3rd Party Suppliers than what the default utility price is, and the fact that EMEX was still able to generate significant savings for the Red Robin franchise further strengthens our reputation for finding the best available prices in the market" commented Todd Bennett, Director, National Energy Portfolio for EMEX. "It has been noted that in recent years, the market trend of a lower natural gas commodity has allowed competitive energy suppliers to offer savings versus default utility prices; however, we are experiencing a paradigm shift in some areas where the utilities' default service rates are currently offering better prices than what alternative suppliers can provide for most customers."
The Energy Market Exchange (EMEX) is a real-time platform where the buying and selling of natural gas and electricity takes place. The Exchange facilitates business through an online trading environment using EMEX's advanced Reverse Auction technology. Commercial and Government entities act as the buyer and submit their energy requirements through the Exchange platform for National Retail Energy Providers (the sellers) to bid against each other and win the opportunity to be the Consumer's energy supplier. This dynamic process of an online energy exchange allows customers to achieve a true market price for their energy needs.
About EMEX, LLC
EMEX, LLC is a leading technology firm that is revolutionizing how energy is bought and sold through its live Reverse Auction Exchange. The Exchange creates a real-time trading environment that compels sellers to compete, resulting in prices dropping precipitously for businesses procuring energy. EMEX continues to develop new platforms that specialize in Exchanges for all industry types in order to provide a real-time buying and selling environment for all commodities, products, and services. For more information, please visit: http://www.EnergyMarketExchange.com
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