Keen to maximise on cost-efficiency and explore new procurement strategies as they evolved, the client decided to explore risk-managed energy procurement options for their electricity and gas supplies. The Trust had previously purchased energy through fixed price contracts, placed during the renewal window. They were aware that this meant they were not always getting the best value for their organisation. They conducted extensive interviews with brokers before selecting Inenco to provide them with the energy solution they needed. The decision was based on Inenco’s impressive track record and a reassuringly strong presence within the industry.
The Trust wanted to move away from fixed-price contracts but wished to stay firmly in control of their energy budget. They opted to take a low-risk approach to their energy buying.
Through the Options portfolio strategy, Inenco were able to provide them with a mix of procurement strategies which would provide a high degree of budget certainty, whilst also unlocking significant savings potential.
Inenco gave them the “best of both worlds” approach to energy buying that they were seeking by utilising a carefully balanced formula of both our capped forward buying strategy and our trend strategy.
With their energy procurement split between the capped and trend strategies, the Trust found that their cost certainty was maintained in the long term, but that they were also able to benefit from advantageous changes in the market as they occurred.
By utilising a mix of procurement strategies, Inenco were able to achieve savings with a total value of £67,335 with a total saving of over £140k against the original cap.
Inenco’s reporting and forecasting services allow them to remain in control of their energy budget and plan more effectively for their future projects.
“We have seen considerable commodity savings through using a mix of Options strategies, and with an improved ability to forecast costs, our partnership with Inenco is invaluable. The team who manage our account are fantastic, second to none.”