The EMEX online auction platform is a highly competitive environment where suppliers compete in real time to win your regional group’s business. The lowest actual rates available for the longest terms are uncovered in an extremely short timeframe (typically under 15 minutes) and captured by the customer group that day.
These nine TORCH hospitals locked in their rate for 7 years during the current low market as a hedge against future market increases due to coming changes in Texas.
Please contact your TORCH/EMEX representative with any questions or to join your TORCH regional energy procurement group.
MCHD and EMEX has partnered for many years to save dollars on our electricity cost. The reverse auction has proven to continually allow us to have the lowest possible electrical cost.
Robbie Dewberry, CEO – Mitchell County Hospital District, Colorado City.
I have been very impressed with EMEX and all they have done to help rural hospitals lower their utility cost. They have made the process very simple for hospitals and thru the group procurement process it gives us rural facilities a chance to do something we could not normally do on our own. If you look at our ability to control our cost in this arena not just for the immediate future but the long term, this has made our jobs a lot easier and considering it has taken only about an hour of our time to cover the next 9 years, this allows us to truly focus on other areas which are pressing.
John H Everett, FACHE, CFO – Cogdell Memorial Hospital, Snyder
Participating in the Group Power Procurement Auction with our neighbor hospitals secured the lowest available rate for the longest term possible, both on the delivery and electricity side of our bill. The combined savings was over $491,000. The huge savings will provide vital budget dollars to continue providing healthcare to the West Texas communities we serve.
Matt Kempton, MHA, CEO – Stephens Memorial Hospital, Breckenridge
Through the Group Power Procurement Auction provided by EMEX the Winkler County Hospital District was able to realize a reduction in our price by 40% per kilowatt. The reverse auction process gave the Hospital the bargaining power to force energy companies to compete for our business that we simply do not have by ourselves.
Lorenzo J. Serrano, MBA, Administrator – Winkler County Hospital, Kermit
TORCH partnered with EMEX because we saw promise in the reverse auction. It has been extremely fulfilling to see the significant savings that are starting to accumulate for our member hospitals.
John Henderson, CEO/President – TORCH
TORCH is extremely pleased with the results that our member hospitals are receiving from working with EMEX through the TORCH Group Power Purchase program (Electricity). It is our desire to have all our hospitals participate and receive the significant savings that have been experienced to-date.
Vicki Pascasio, CEO/President – TORCH Management Services, Inc. (TMSI)