A University needed support with their campus’ energy requirements and came to Inenco as experts in dealing with a variety of energy needs. Due to the location of the University and the implementation of their own Combined Heat and Power (CHP) plant, they needed to work with an expert who had strong relationships with suppliers and the knowledge to help them take advantage of their energy.
First Inenco’s experts assessed the Universities site requirements and looked deeper into their consumption and when and how it was being used
Inenco recognised the Universities need for flexibility alongside budget security so proposed a capped strategy through our Options Portfolio
Once a cap parameter was approved, Inenco set to implementing their new procurement strategy and liaising with relevant suppliers
Inenco then ensured that the clients energy usage was optimised to get the most out of their energy by trading and tracking their commodity position through the falling market
The strategy that Inenco implemented on behalf of the client will save them an estimated £7 million across their gas and electric over their 5-year contract vs the current market. From 2016/17 we helped them save £1.9 million alone and in 2018 we expect to see a total saving of £2.8 million. By running a competitive tender for the clients supply of gas and power contract, significant savings were achieved and will continue to outperform the market throughout their contract.