WYOMISSING, PA — Power Synch reported more than $329,000 in savings across recent wholesale electricity procurement events as large commercial energy buyers increasingly seek alternatives to traditional broker-driven purchasing models amid rising power costs.
The company said seven recent procurement events covering more than 120,000 megawatt-hours in PJM and ERCOT markets generated documented savings through real-time supplier bidding conducted on its platform.
According to Power Synch, savings ranged from roughly 2% to nearly 20% depending on market conditions and load zone exposure.
One procurement event in ERCOT’s West Load Zone produced savings of $9.85 per megawatt-hour, representing a 19.7% reduction for that position, the company stated.
The announcement comes as industrial companies, data centers, hospitals, universities, and commercial real estate operators face increasing electricity price volatility tied to rising demand, grid constraints, and electrification trends.
Chief Executive Officer Scott Helm said higher energy costs are prompting businesses to reassess procurement strategies traditionally handled through opaque broker relationships.
“When energy prices are rising and budgets are under pressure, the procurement model you use isn’t just an operational decision — it’s a financial strategy,” Helm stated.
Power Synch said its platform allows buyers to compare supplier bids in real time without long-term contractual lock-ins while supporting renewable energy sourcing and emissions reporting objectives.
The company was founded by executives associated with American PowerNet, which operates as a subsidiary of Axpo US.
Power Synch serves large commercial and industrial electricity consumers across multiple deregulated U.S. energy markets, including manufacturing, logistics, healthcare, and data center operators.
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