Commercial Real Estate Energy Procurement in Lake County
Energy procurement for commercial properties. Building portfolio energy optimization. For commercial real estate operations located in Lake County, energy costs represent a significant operational expense that directly impacts profitability. With Illinois's deregulated energy market, commercial real estate businesses in Lake County have the opportunity to choose their electricity and natural gas suppliers, potentially saving 10-30% on annual energy costs.
Lake County borders Wisconsin and Lake Michigan, serving as a hub for pharmaceutical and healthcare industries. The county's diverse economy includes major employers in manufacturing, retail, and professional services. The county is served by ComEd, which is responsible for delivering electricity through the local grid. However, businesses can purchase their energy supply from any of the 50+ licensed retail suppliers operating in Illinois. This competition creates opportunities for commercial real estate facilities to negotiate favorable rates and contract terms.
Energy Landscape for Commercial Real Estate in Lake County
The average commercial electricity rate in Lake County is approximately $8.85/kWh, though actual rates for commercial real estate facilities vary based on usage patterns, demand characteristics, and contract terms. Peak demand periods in the region typically occur during July and August, when energy prices and demand charges can significantly impact monthly bills.
Commercial Real Estate facilities in Lake County face unique energy challenges related to their operational requirements. Understanding these challenges is essential for developing effective procurement and efficiency strategies.
Common Energy Challenges for Lake County Commercial Real Estate
- Multi-tenant billing
- Building age variations
- Capital planning
How We Help Commercial Real Estate Businesses in Lake County
Our energy advisors specialize in helping commercial real estate facilities throughout Lake County navigate the competitive energy market. We provide:
- Submetering
- Building automation
- LED common areas
Key Performance Indicators for Commercial Real Estate Energy Management
Effective energy management in commercial real estate operations requires monitoring key metrics that indicate efficiency and cost performance:
- Cost per sq ft
- Tenant billing accuracy
- Common area costs
Getting Started with Energy Procurement
Ready to explore your options for reducing commercial real estate energy costs in Lake County? Complete the form on this page or call us at (833) 264-7776 to speak with an advisor who understands both your industry and the local energy market.
What to Have Ready
To get accurate quotes for your commercial real estate facility, please have the following information available:
- Property list
- Tenant configurations
- Building specs
- Utility bills