SOURCE: Great Eastern Energy

Great Eastern Energy

January 06, 2015 08:00 ET

Great Eastern Energy Continues to Thrive in Real Estate and Property Management Through Personalized Energy Services That Manage Budgets and Energy Costs

Co-Op City, a New York City Housing Cooperative With 15,372 Residential Units, Improved Its Bottom Line and Increased Premium Services to Its Residents by Partnering With Great Eastern Energy

NEW YORK, NY--(Marketwired - Jan 6, 2015) - Great Eastern Energy (GEE), a leading alternative energy supplier of natural gas, electricity and renewable solutions in New York, New Jersey and Massachusetts, continues to increase their efforts to influence high-energy industries such as real estate and property management through numerous efficiency management programs and personalized services.

For the last eight years, GEE has been serving Co-Op City, a New York City housing cooperative located in the Bronx and managed by RiverBay Corporation. As a result, RiverBay has been enrolled in energy management programs that have transformed Co-Op City from an unseasoned and vulnerable business model into a well-managed and energy independent "city."

"Through our personalized energy services, we provide our clients with a better understanding of the marketplace. This allows them to make more timely and informed decisions, take control of their budget and better manage their energy costs with long-term positive impact," said Matthew Lanfear, CEO of GEE. "With energy being such a big part of RiverBay's budget, they needed to find a reliable solution to manage their costs and keep a balanced budget. That's where we came in."

"Fluctuation in the energy marketplace is hard to understand and manage. The team at GEE is very knowledgeable in this area due to a broad base of expertise," said Peter Merola, Director of Finance for RiverBay. "We spend about $20 to $25 million a year on energy, that's about 10% to 15% of our total budget. Today our costs are under control and our budget decreased by almost 10% compared to previous years, something that would never have been possible without GEE. Working with the right partner has made a significant difference for both myself and RiverBay."

To stay on top of cutting edge technologies and energy management programs in an effort to build a sustainable future, RiverBay is also exploring new projects with GEE such as lighting retrofit options, solar panels, demand-response and water treatment options within its power plant.

To learn more and download a case study, click here: http://www.greateasternenergy.com/customers/riverbay/

To learn more about Great Eastern Energy and its services, please visit http://www.greateasternenergy.com/.

About Great Eastern Energy
Great Eastern Energy (GEE) is an alternative energy supplier of natural gas, electricity and energy solutions in NY, NJ and MA. By providing full service solutions, we help businesses and property owners thrive, control energy costs and increase their bottom-line. Our mission is to go beyond supplying energy. We build a trusted partnership by delivering cost-effective solutions while maintaining the highest level of service and integrity. GEE empowers people to increase awareness and improve their relationship with energy, building a better future for the next generation.

For more information go to our website at http://www.greateasternenergy.com/.

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