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The Southeastern Pennsylvania Transportation Authority (SEPTA) has taken a large step to save more than $8 million in energy costs through the end of 2012, according to the agency.

Mondre Energy Inc. (MEI), an energy strategies and management firm, recently recommended that SEPTA procure about 40 megawatts of electric power — an estimated $20 million annual expense — for a portion of the authority’s propulsion power accounts. The electricity delivered to these accounts is used to power subway, trolley and regional rail lines.

“The removal of PECO rate caps in January 2011 means that all energy users in the Philadelphia region now have the opportunity to shop for their electricity needs,” said Judith Mondre, president and Founder of MEI, in a prepared statement.