Eighteen years of judgment, waiting on data that arrived too slowly to use
Prospect Resources has run energy procurement for healthcare facilities for eighteen years. The leadership team was not trying to fix a broken operation. They were trying to sharpen a working one, and they were specific about where: faster access to performance reporting, a systematic benchmark against the fixed-price contracts their clients could otherwise have signed, and clearer visibility into hedged and unhedged exposure across the consumption calendar.
The strategy was already good. What was missing was the ability to prove it quickly. A savings analysis took weeks to assemble, which meant it could confirm a decision after the fact but could not inform the next one.
A data layer that turns the hedging strategy into a report anyone can read
The hedging strategy is Prospect Resources’ own, built over eighteen years. What was added is the infrastructure underneath it: every hedge position, actual cost and market comparison captured as structured data, then surfaced automatically as a savings analysis and a forward budget. The work that used to take weeks of assembly now takes a request.
Multiple contract terms executed at different points in the market, so no single pricing environment sets the whole year. Applied across electricity and natural gas alike.
Actual performance benchmarked automatically against the fixed-price equivalent, month by month, so the value of the strategy is a figure rather than an argument.
A projected annual budget per facility, split into hedged cost, unhedged cost, utility and non-energy charges, taxes and an allowed variance, ready for board review.
Twelve months, twelve wins against the fixed-price alternative
Across January to December 2024 at a single healthcare facility, the hedged position cost less than the fixed-price equivalent in every single month. Not on average across the year, and not in the months that happened to suit it. Every month, including the winter peaks where exposure is highest and a bad hedge would show.
A CFO can plan the year without asking anyone to build a spreadsheet
The same data that produces the savings analysis produces a projected annual budget for each facility, split into every component a finance team needs. For 2026, one facility’s electricity budget comes to $373,400 across a projected 2,499,534 kWh, with 40% of that volume already hedged.
That headline figure is worth reading carefully, because the components below it total $355,620. The difference is the 5% allowed variance buffer sitting on top, which is how the budget stays a planning number rather than an optimistic one.
| Hedged cost | $0.0459 per kWh |
| Unhedged cost | $0.0658 per kWh |
| All-in cost, including delivery and taxes | $0.1423 per kWh |
| Volume already hedged | 40% |
| Allowed variance | 5% buffer |
“We have done as best we could for 18 years. We are ready to move to another level with our data management and the information we are able to get from our data.”
The same approach on gas, with a wider margin
Layered hedging covers natural gas alongside electricity, benchmarked the same way against the fixed-price alternative across winter heating load and the quieter shoulder months. On gas the gap is proportionally larger than on electricity: $4,965 actually paid in 2024 against a $7,847 fixed-price equivalent, which is a 36.7% advantage.
A strategy that was always working, now provable on request
Prospect Resources can put a number on what its clients would have paid under a fixed-price contract, month by month, across both electricity and gas. The full 2026 energy budget for a facility, roughly $397,000 across the two, is available the moment a CFO or a board asks for it rather than several weeks later. The judgment behind the hedging did not change. What changed is that the evidence now arrives at the speed of the conversation it belongs in.
Healthcare
Cost Reduction
Analytics
Budget Modeling
