Kansas Joint Utilities Management Program
KJUMP is KASB's natural gas purchasing consortium that saves thousands of dollars for our members who currently participate.
- KASB Risk Management endorses an energy consultant agency for KJUMP (Kansas Joint Utilities Management Program).
- Over 175 educational entities in Kansas belong to this consortium bringing larger volumes and larger savings for all.
- KJUMP monitors this pool and supply daily, giving you a trouble-free essential service that allows you to focus on educational issues without the need to be a part-time energy trader.
- KJUMP utilizes hedging and other strategies to reduce volatility.
- KJUMP pays all supply, transportation and distribution, providing one bill to each member.
- Members assume no liability for over or under estimated consumption and no risk for supply and demand.
- Monthly savings report provided.
The KJUMP purchasing pool is managed by CenterPoint Energy, one of the largest independent suppliers of natural gas. The duties of the administrator include:
- Auditing and Bill Payment Services - Audits and pays all supply, transportation and distribution invoices and provides one consolidated billing statement for schools.
- Risk Management Services - Manages the price risk of members in the pool by utilizing hedging and risk management tools and strategies to reduce volatility and price risk.
- Nominating and Balancing Service - Actively manages supply and demand requirements to ensure adequate supply and keep members penalty free.
- Consolidated Billing - Pays all utility and supply invoices. Provides each member district with a single aggregated invoice that tracks savings monthly and cumulatively versus the utility cost of gas.
- Customized Reporting and Budget Forecasting - Customized natural gas reports for members, including budget forecasts on expected natural gas expenditure.
The KJUMP purchasing pool is managed by CenterPoint Energy, one of the largest independent suppliers of natural gas. It is not a supplier of natural gas but “pools” the natural gas needs of its members to realize savings in energy costs.