The University accommodates 12,000 students in over 9 campus locations in the UK, being one of the top 10 Universities in the country. Inenco first managed the Universities energy procurement and associated risk managed trading strategy in 2008.
The University needed to further understand their energy objectives in order to create a fully scoped out strategy for their energy buying process, alongside their appetite for risk.
An initial scoping strategy was conducted with the Universities key stakeholders.
Identifying the University's key objectives was one of the first steps to be taken alongside it's appetite for risk.
Inenco proposed to take a strategy which is operated under a virtual cap, which provides protection against upside risk, while also allowing for opportunities to improve their position within the market.
The strategy is continually assessed every quarter and re-aligned if necessary in line with market conditions or business objectives.
In line with the strategy provided, Inenco has helped the University cumulatively save £650,435 within the last three years (October 2013 – September 2016). Continually reviewing the strategy every quarter and re-align depending upon changing market conditions and/or business objectives.