The Government of Canada has named Direct Energy Business as their new natural gas provider for Correctional Services Canada, the Department of National Defence and Public Services, and Procurement Canada.

Direct Energy Business will provide natural gas management and related services for the next ten years to these critical government departments in Alberta, British Columbia, Saskatchewan, Manitoba, Ontario, Quebec, Nova Scotia, and New Brunswick. The contract is based on an annual natural gas consumption of 10 Bcf being awarded after an extensive RFP process.

Throughout this ten-year contract, Direct Energy Business will provide strategic advice to mitigate future risks of cost volatility, billing consolidation, data management, consumptive studies, budget estimates, and delivery of natural gas. This new comprehensive data amalgamation will enable detailed tracking and analysis of the majority of the Government of Canada’s natural gas usage, identify areas for investment and enable more accurate reporting to Canadians and the international community on the results of Canada’s greenhouse gas reduction efforts.

“Our outstanding Alberta based team is committed to extracting the best value for the Government of Canada and Canadians,” said Darin Holst, Canadian sales director of Direct Energy Business. “By utilizing local expertise, we will manage price and ensure budget certainty through market index, fixed price hedges and capped products.”

The three departments included in this contract use approximately 10 million gigajoules annually, mainly to heat buildings.

Canadian Govt. Signs Decade-Long, $8 Million NatGas Contract

Source: EIA

According to a 2015 EIA analysis, natural gas makes up 28% of Canada’s total energy consumption. The EIA and the Canadian Government both said that Canada ranks fifth in natural gas production. Production continues to exceed domestic consumption, making Canada a net exporter of natural gas.

Canadian Govt. Signs Decade-Long, $8 Million NatGas Contract

Source: EIA


Legal Notice