• 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

Minimising Energy Procurement Costs with Inenco

Client Name: A Universities Energy Company
Find out how we helped a University reduce their energy procurement costs

The Challenge

The University were looking for support with their energy services using a wide range of product services and strategies from Inenco. Their energy procurement was a big concern as they wanted to reduce overall energy costs starting from the initial cost of their energy.

Our Approach

01
Objectives

Discussed the Universities aims and objectives for their energy procurement and decided upon internal costing targets

02
Strategy

Alongside a bespoke flexible procurement strategy, Inenco also looked to validate their historic invoices to ensure that their billing is always correct

03
Support

Continually supporting the University with their invoice validation and energy procurement to ensure to keep energy costs down

04
Outcome

Price achieved for the University through forward hedging has resulted in significantly lower costs than the day ahead market for gas and power

The Results

The bespoke flexible procurement strategy meant that the price for energy achieved by the University through forward hedging has been significantly lower that the day ahead market for gas and power. Alongside this saving, the University was able to reduce and claim back some energy costs through our invoice validation service and continued to utilise this service to ensure that billing is correct.

 

Discover More

To find out how we can help your business, call us today on: 08451 46 36 26 or email us: enquiries@inenco.com