DISCOVERY ENERGY · COMPANY OVERVIEW
About Discovery Energy
Utility Bill Audits, energy procurement and Utility Cost Intelligence for multi-site commercial and industrial organizations, since 2000.
Discovery Energy is a contingency-based utility bill audit and advisory firm, founded in 2000 and headquartered in South Jordan, Utah.
It serves organizations across the U.S. and Canada, helping multi-site commercial and industrial organizations recover utility billing overcharges and secure ongoing rate reductions. Its primary focus is electricity and natural gas.
AT A GLANCE
Discovery Energy company facts
SERVICES
What does Discovery Energy do?
Utility bills are governed by tariffs that differ by utility, state and service address. For an organization with dozens or hundreds of locations, errors can go undetected for years because each bill looks plausible on its own.
Discovery Energy reviews those bills, corrects what is wrong and gives the organization ongoing Utility Cost Intelligence across its portfolio.
- Utility Bill Audits. Tariff Validation and bill review covering rate classifications, tariffs, meter readings and multipliers, demand calculations, riders and available government utility exemptions, as applicable to each account and the agreed scope. See how utility bill audits work.
- Electricity and natural gas procurement. Competitive RFPs across deregulated markets, using market timing to secure supply rates. See energy procurement services.
- Aggregate bill pay. Management of utility bills across every location for on-time payment, with bill data consolidated into TaraBase. See aggregate bill pay.
- Reporting dashboards. A client portal with dashboards for savings, energy usage, contracts and ESG metrics. See reporting dashboards.
- Renewable energy advisory. Sourcing and structuring of renewable energy certificates (RECs) and power purchase agreements (PPAs). See renewable energy advisory.
- Energy market reports. Monthly reports on weather impacts, electricity and natural gas market forecasts, and ISO-level pricing. See the latest market reports.
CLIENTS AND SCALE
Who does Discovery Energy work with?
Discovery Energy works with organizations whose utility spend is spread across many sites, utilities and jurisdictions.
Since 2000, Discovery Energy has audited tens of thousands of utility accounts. It manages millions of MWh of electricity and millions of Dth of natural gas for clients, and its work has returned millions of dollars in refunds and tens of millions of dollars in recurring annual savings.
ENGAGEMENT MODEL
How much does a Discovery Energy utility bill audit cost?
Pricing depends on the services a client uses. Procurement, bill pay, reporting and renewable advisory can be added alongside an audit, so findings from one service feed into the others.
- Utility Bill Audits: Contingency-based, with no upfront audit fee. Under the agreed terms, Discovery Energy is paid when the client receives qualifying refunds, credits or realized savings. The percentage is usually 15% to 50%, depending on the size of the accounts and whether Discovery Energy also manages other parts of the client’s energy program.
- Energy procurement: Either a fixed monthly fee paid by the client or commissions paid by the energy supplier.
- Software, bill aggregation, bill pay and data services: Quoted by the number of accounts and the scope of data required. These services can be included at no additional charge when the audit, procurement or advisory engagement is large enough.
OUR APPROACH
How does Discovery Energy work with clients?
- Boutique by design: Discovery Energy focuses on utility billing, tariffs and Utility Cost Management.
- Client approval at every step: Client approval is required for refund requests and account changes. Discovery Energy handles the utility interactions.
- Works with existing providers: Discovery Energy can work alongside a client’s existing energy managers and procurement advisers.
- Transparent compensation: Clients see their data, the process and how Discovery Energy is paid, including when an energy supplier pays a procurement commission.