Stanwich Energy Boosts Client Value with Nectar’s Utility Data Solution

"At Stanwich, we’ve always strived to lead the industry and push the envelope to deliver best-in-class value for our clients. Partnering with Nectar is another step in that direction. Their AI-powered platform gives us instant access to detailed utility data that used to take teams of people and days to collect. It seamlessly complements the proprietary platform we’ve developed in-house, enabling faster insights, smarter forecasting, and more accurate budget tracking. It also strengthens our ability to deliver on key sustainability goals by providing real-time visibility into usage and emissions. Looking ahead, this partnership opens the door to even more advanced capabilities as we continue to raise the bar for what clients should expect from their energy advisor."

— John O’Connell, Founder & CEO at Stanwich Energy

Challenge

Stanwich Energy (https://stanwichenergy.com/), a leading energy brokerage firm, operates in a highly competitive energy market. Clients increasingly expect more than just procurement services – they demand insights, accurate budgeting support, sustainability reporting, and proactive energy management. Stanwich needed to harness utility data strategically to provide greater value add than your typical energy broker.

However, the existing process for collecting and managing utility bill data was time-consuming and prone to gaps. Incumbent data providers relied on templated OCR (Optical Character Recognition) approaches with variable accuracy, resulting in incomplete or erroneous data. This inconsistent data made it challenging for Stanwich to provide granular insights and reliable reports without significant effort invested in verifying data accuracy.

Solution

Stanwich Energy partnered with Nectar to access granular utility data: both metered usage and detailed line items. Nectar provided a full-suite solution that automates the collection of utility bills and data with guaranteed accuracy and detail. Using state-of-the-art AI (instead of brittle templates), Nectar captures meter readings, costs, and line-item charges from electricity and gas bills with over 99.9% accuracy. Data that once arrived in spreadsheets or PDFs is now aggregated on a single platform, available via API and easy exports.

The granularity of the data – down to each charge type and usage period – enables Stanwich to conduct deep analyses for clients. Critically, Nectar’s platform includes easy QA tools to ensure data completeness: Stanwich’s team cation was straightforward, with Nectar’s team working closely with Stanwich to feed high-quaan quickly identify any missing bills or anomalies through Nectar’s dashboards and alerts. Integrlity data directly into Stanwich’s reporting systems.

“As the electricity industry continues to adapt and change, customers have been faced with higher costs and greater invoice complexity. There are more line items, fluctuating charges, and utility errors than ever. Partnering with Nectar’s AI-driven platform has been groundbreaking, allowing us to tackle changes faster and skip the outdated, painful integration required by other solutions. We pride ourselves on solving problems and finding actionable insights. Having the right information is the first step, and Nectar is exactly what we have been looking for to make that happen.”

— Matt Shaw, Managing Director

Results

Stanwich is fully integrated with Nectar’s utility data API solution (https://nectarclimate.com/energy-management). Reporting that used to take days of manual verification is now delivered in real-time with confidence. Stanwich can provide clients with detailed energy consumption reports, error-free budget forecasts, and even automated sustainability metrics by leveraging complete utility data. The enhanced data granularity has enabled smarter forecasting – for example, identifying trends in peak demand charges or irregular usage patterns – which helps clients make proactive adjustments and cost-saving decisions.

Moreover, the partnership positions Stanwich as a technology-forward broker; by adopting cutting-edge AI tools, they differentiate themselves in the market as a firm that invests in innovation for client benefit.

For more information about Nectar, learn more about Nectar’s data solution for energy brokers and managers (https://nectarclimate.com/energy-management) or explore the API documentation (https://docs.nectarclimate.com).