This website uses cookies primarily for visitor analytics. Certain pages will ask you to fill in contact details to receive additional information. On these pages you have the option of having the site log your details for future visits. Indicating you want the site to remember your details will place a cookie on your device. To view our full cookie policy, please click here. You can also view it at any time by going to our Contact Us page.

Energy consultancy saves its clients £5.5m on their energy bills

19 January 2016

During 2015, energyTEAM Midlands (part of Inprova Group’s fast expanding energy division), saved its clients more than £5.5m through its expertise in flexible energy procurement

The full-service energy consultancy has embarked on a major drive over the last 18 months to help businesses realise the benefits that flexible, shorter-term energy contracts can offer.
By working with energyTEAM’s experts, businesses can effectively buy chunks of energy over a period of time covering months, quarters or seasons which enables them to take significant advantage of fluctuations in the market.

Compared to the costs they would have incurred using a one-year fixed term contract, they collectively saved £5,556,173 over 2015 alone, with each business saving on average more than £278,000 each with one business saving an incredible £1.7m.

Smaller companies with lower consumption needs have also been able to take advantage.  By using ‘collective flex’ contracts energyTEAM purchases energy for groups of clients to secure better deals that wouldn’t be possible individually.

Of the £5.5m saved, £822,343 was secured via collectives.

Magnus Walker, Head of Supplier and Risk at Inprova Group, said: “When it comes to purchasing energy, both fixed-term and flexible contracts come with pros and cons.
“But what we have found is clients who opt for the flexible approach can make substantial savings, particularly when they work with an experienced energy consultant who fully understands the complexities of what can be highly volatile markets.

“It allows them to spread the risk of energy procurement over a period of time and take full advantage of fluctuations in market pricing. Savings generated over the last year show there are clear financial benefits for organisations, whatever their energy requirements.”

Print this page | E-mail this page


Article image Why the Law Says You Need a Nappy Bin Disposal Service

At home, parents are used to disposing of their babies’ used nappies the same way they do any other domestic waste - bagging it up and sticking it in the rubbish for general collection.Full Story...

Article image Supply chain business owner speaks out on anniversary of Carillion collapse

Owner of Johnson Bros (Oldham) Neil Skinner has spoken of the severe difficulties experienced by his company through working with Carillion on the anniversary of the company’s collapse.Full Story...

Momentum increases to improve supply chain payment

The Cleaning Show Adds More Sparkle With Major FM Names For 2019

Payment concerns continue after Carillion failure anniversary