NUS Consulting Group was founded in 1933 by Theodore Maynard. His concept was simple. Since no law required a utility company to place customers on the most cost effective rate, energy intensive businesses needed someone to assist them in analyzing and optimizing the available tariff options.
Over the next 40 years, NUS grew to become the preeminent energy rate and tariff analysis specialist firm in the United States, providing services to some of the largest and most well-known companies, including John D. Rockefeller’s Standard Oil Company. As the company grew, it became clear the services NUS was providing in the United States were also valuable to businesses abroad. Starting in 1964, NUS started opening offices and providing services outside of North America. Over the next 10 years NUS opened international offices in Europe, Africa and Australia.
In the late 1980s, early 1990s, the energy markets in a number of countries began transitioning from regulated monopolies to competitive markets. The opening of energy markets provided consumers the ability to competitively negotiate their energy supply agreements but shifted certain risks (supplier choice, contract structure, price volatility) to the consumer. To assist consumers in managing these risks, NUS expanded its services to include energy sourcing and risk management.
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