• Inenco has 25TW (£2.4bn) energy under management, which could power the whole of Ireland for an entire year!
  • We have one quarter of the total energy use by UK Industry under management
  • Our customers are paying 48% less than the market price for their gas commodity. That's a saving of £480k per £1m that would have been spent
  • Our experts process over 93,000 invoices per month and we've recovered over £11m in over-charges for our clients in the last year
  • Inenco look after 8,000 customers across the group, managing 140,000+ meter sites
  • We provide support to over 500 businesses for energy and carbon management
  • Inenco supported over 320 organisations with ESOS Phase 1 compliance and carried out more energy surveys than any other independent consultant in the UK
  • Our solutions team have identified savings of £37.5m per annum for our clients, a total of 495,338,992 kWh savings identified
  • Last year we saved our CCA clients alone £25.5m

Constructing a large scale energy procurement strategy for a chemicals manufacturer

Client Name: A Global Specialty Chemicals Manufacturer
See how we helped a global chemical manufacturer with their energy procurement across their multi-site portfolio, who bring innovative technologies to market with a team of 1800 employees across 23 countries.

The Challenge

As a current client of Inenco in the UK, their European team approached us to help them with their energy across multiple sites in Spain, Italy, UK and France. They needed to secure a better price for their energy to bring costs down through a bespoke procurement strategy for each of their sites as well as identify any opportunities for additional savings as their energy was becoming a large part of their business costs.

Our Approach

01
Understanding requirements

Inenco first took the time to fully understand the current state of the European sites as well as the clients attitude to risk in line with their energy requirements

02
Proposal

Inenco then presented several procurement strategies (Fixed, Click and Flexible procurement products) to the customer for each European site with comparable figures based on their previous oil index and fixed strategies

03
Negotiations

We then approached suppliers in different countries and successfully negotiated on behalf of the client the best offer possible

04
Securing a dynamic approach

From this the client decided to implement our recommendations for a more dynamic approach to their energy procurement for the next two years

The Results

After implementing our recommendations, we saved the client €537,000, – from January to October 2018 with their new procurement strategy and outperformed their previous strategy, which was based on the Oil index and/or a fixed strategy. We also expect their savings to continue throughout their contract while our experts continually analyse the market to ensure the client is getting the most out of their energy.

If we compared the electricity market prices for 2018 (Jan. 18 – Oct.’18) with the prices Inenco hedged for this period, we made the client a saving of € 565,000.

We did also a comparison for the gas market versus how Inenco hedged and the savings for the 3 sites are € 277,000.

                                Total savings for this period are € 842,000, – 13 % 

The client also received dedicated support from our internal teams to analyse their invoices and identify any additional savings that could be made. We were able to identify that one site had overpaid on their energy tax but through our expertise we were able to help them apply for a special reduction on this tax. This action resulted in the client receiving not only the discount on the tax but also a reimbursement for the overpayment for the first few months of 2018, giving them a total saving on the tax of 290,000.

“The results Inenco achieved for us have been very positive and working with Inenco was the right decision. Inenco is proactive and their communication with us is very professional. Their knowledge on the energy industry is excellent and has helped our business save on costs. We would recommend Inenco's services as one of the UK's top consultants. Reference on request.”

Director of Purchasing and Supply Chain - EMEA

Find out more

If you need support with your compliance reporting call us today on  08451 46 36 26 or email enquiries@inenco.com