LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.
A global leader in education, BPP is a private education group specialising in law, business, finance, accountancy, banking, chiropractic, dentistry, nursing, psychology and healthcare.
BBP educates more than 80,000 learners a year, works with in excess of 7,000 businesses, and delivers its education programmes to learners from over 170 countries across the world.
CloudFM is a forward thinking facilities management (FM) provider. Delivering a complete FM solution it works in partnership with clients and their supply chains to deliver an unrivalled level of visibility, compliance and control.
The Relationship How Did We Help Them?
We carried out an analysis of BPP’s estate and identified an opportunity to reduce its energy consumption and operate more efficiently. We also carried out a re-tender of BPP’s utility services. The objective was to reduce costs and improve energy efficiency through a re-procurement of its gas and electricity services whilst identifying opportunities to take advantage of our Revolving Green Fund (RGF).
E.ON was selected as the utility provider of choice and the RGF sum of £115,000 was made available for BPP to invest in a green, renewable energy scheme and energy reduction programme.
The Outcome What Were The Results?
Energy costs reduced by 8%
Secured Revolving Green Fund of £115k
Annual saving of £77k
Maintenance saving on labour & materials
Optimised learning environments for students
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Utility Team helped to procure energy 5% less than market average, looked at their bill validation and ensured they met legislative compliance.
Immunocore
Utility Team helped Immunocore to benefit from a 20% reduction in energy usage which resulted in cost savings of over £1m.
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