With the cost of energy expected to rise by 25% by 2020, businesses need to take action. This rise has been influenced by increasing non-commodity costs, the Renewable Obligation (RO) levy and the Contracts for Difference (CfD) levy, which is expected to rise from £2.94/MWh to £8.41/MWh in 2019/20.
Following on from the successful ‘Cost of Energy Inaction’ seminars which took place in spring 2018, Inenco hosted a series of seminars in June and July looking at ‘Turning Inaction into Action’. The seminar aimed to help delegates find out what they can do to mitigate their rising energy costs.
The seminar ran across three locations: Manchester, Birmingham and London and was free-to-attend for those responsible for managing or purchasing energy on behalf of a business.
Kevin has spent over 20 years working in energy procurement and energy efficiency in both the public and private sectors. Since joining Inenco in 1999, Kevin, a qualified Electrical Engineer, has worked with some of UK’s leading companies. His current role involves working with complex organisations to implement integrated procurement and energy management solutions to optimise risk strategies and minimise costs.
Robin has been in the energy industry for almost 20 years working with major suppliers, such as Npower, e-on and Opus, assisting them to develop their energy products. Since joining Inenco in 2006, he has been instrumental in reviewing and developing Procurement product offerings.
Mark has spent almost 15 years working alongside medium to large UK national companies within the corporate marketplace consulting on a varied range of services. He has an in-depth understanding of risk management techniques when applied to energy procurement as well as detailed knowledge of the range of Bureau & Compliance Services to help clients understand the opportunities to manage and control whole life energy costs.
Dan is a qualified surveyor within Construction Technology and Management and has four years’ experience as a Multi-Site Manager and Trouble shooter for a National Retailer. Over the last five years, Dan has progressed through the Inenco Group by successfully offering tailored solutions for energy management and compliance to businesses ranging from SME to large multisite corporate organisations.
09.30am: Registration and refreshments
Introduction, overview and recap
Energy costs: What are the components that impact your ‘total cost of energy’? – Kevin Jackson, Lead Consultant, Inenco
Session 1: Where are the cost increases coming from?
Commodity charges – Robin Preston, Sales Director, Inenco
• Update – Overview of the energy market in the last 24 months and where they are now
• Practical – Work out how much commodity prices have increased since your last renewal
Non-commodity charges – Mark Winn, Consultant, Inenco
• Update – What are the non-commodity increases going to be at your next renewal?
• Practical – Using Inenco’s Non-Commodity Cost Dashboard for a personalised projection
Session 2: How to review your consumption and use it to mitigate cost increases
Reviewing your consumption – Dan Hulme, Consultant, Inenco
• Update – What your half-hourly data can tell you about your reduction opportunities
• Practical – The all new Inenco non-commodity game – Put your learnings into action
Summary & close
Turning inaction into action – Kevin Jackson, Lead Consultant, Inenco
• What to do next – Your energy plan
• The future – How will AI, IoT, Blockchain and Big Data change the future energy market?
13.00pm: Questions followed by lunch and networking
Click here to download the agenda.