The decision on when to tender and the duration of a contract is determined by us using market information from a variety of source. That includes daily contacts with suppliers, the technical media and our daily reviews of wholesale market pricing which we purchase from an independent source.
With gas and power prices fluctuating as much as 40% in a year, making the correct decisions on the procurement is critical in any commercial strategy. In some cases we tender up to and over 12 months in advance of a contract end date. Daily updates of the wholesale markets for electricity, natural gas and oil are published on our website together with historical graphs.
Our Risk Management Team:
- Eight leading energy experts.
- Combined experience of over 100 years.
- 95% client retention rate since inception of the division in 2008.
- Experience working with a wealth of different clients, including blue-chip and large multi-site organisations.
- Close links with all major energy suppliers and a detailed understanding of all contract structure.
“Energy cost and energy management has become much more important to us than ever as energy costs continue to rise. Utility Team have also taken care of all of the energy renewals and now all of our homes’ gas and electricity contracts are aligned with one supplier on bespoke contract terms to maximise the keenest rates for our Group. This has been such a fluid transition and we have saved thousands of pounds in the process as well as many hours in man power. Along with the procurement, Utility Team offer us constant advice allowing us to work together to reduce our energy costs further; implementing new technologies including AMR metering and monitoring software. All in all we have seen energy costs reduce by at least 20% across the group and we can get on with what we do best.”
MARK WHITEFIELD – OLDFIELD