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Nuffield Hospitals

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Client:
With 43 hospitals in England and one in Scotland, Nuffield Hospitals has grown to become the largest network of not-for-profit, independent hospitals in the UK.

Objective:
Nuffield wanted to optimise their electricity and gas supply arrangements to lower their costs
 
Result:
Annual cost savings of £100,000 on electricity and gas.

Details:
Nuffield were reviewing the market for utility advisors and, impressed by our approach, an agreement was awarded to include to outsource invoice processing and contract negotiation to Inenco.


 

  • Inenco conducted a thorough review of Nuffield’s electricity and gas supply arrangements
     
  • By grouping sites together, we enabled Nuffield to achieve competitive prices and simplify the administrative process
     
  • More accurate utility budgeting was introduced, significantly improving the management of energy expenditure
     
  • Moving away from the 'E-Auctions' carried out by previous consultants, Inenco switched Nuffield's energy procurement strategy to a 'traditional' tendering process
      
  • 'Traditional' contract tenders attract more bids from suppliers than 'E-Auctions', leading to increased competition and as a result lower prices.
     
Inenco's knowledge of market conditions enabled us to negotiate supply contracts when prices were low, achieving further savings.

By switching to a 'traditional' tendering process, and negotiating electricity supply agreements when the market was low, Nuffield’s terms are now more than 20% below current rates, resulting in ongoing savings of over £100,000 per annum.


 
 
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