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Liberal Arts College Locks in Energy Savings

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Located in Raleigh, North Carolina, Meredith College is a private liberal arts college that was founded in 1891. Over that time, Meredith College has grown from a school that served around 200 women at its founding into a nationally-recognized institution with an enrollment approaching 2,000 undergraduate and graduate students. Meredith's 225-acre campus features a mix of new facilities and historic buildings, which present unique challenges in terms of efficiently using and conserving energy.

"As a small, private college with a limited utility budget, we needed to be able to manage our energy costs at a consistent, predictable rate. With natural gas prices at an all-time low, [Direct Energy Business] afforded us the opportunity to lock in those prices, saving the college money, but also allowing us to forecast our future energy costs and needs. Direct Energy Business worked with us to lock in our pricing for a five-year period with the ability to float basis pricing during certain months and locking in others, giving us the stable pricing we needed with enough flexibility to adjust to market conditions. Direct Energy Business provides us with data on market conditions, including the status of new pipelines and market trends that enable us to make wise choices for our natural gas purchases."

- Dave Lyons, Energy Manager

Posted: September 20, 2017

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