LATEST MARKET UPDATE: UK gas and power markets have traded lower across the curve so far this week, with a bearish outlook as Norwegian outages come to an end next month and fears of a second wave of Coronavirus has pushed prices within the wider commodities lower. Oil prices in particular continue to be pressured by the threat of a reduced demand that a second wave of Coronavirus could bring, with prices trading below $40/bbl for the first time since mid-June.
Cleone Foods Ltd was formed in 1988 and is the UK’s largest manufacturer of Jamaican patties. Under its “Island Delight” brand, the Birmingham-based company employs 70 people and sells 200,000+ patties each week, accounting for over half (55%) of the UK pattie market.
From humble beginnings, Wade Lyn has grown the business significantly: his products can be found in hundreds of supermarkets throughout the UK, including ASDA, Tesco and Sainsbury’s stores.
Cleone Foods wanted to be more energy efficient and had green energy aspirations.
We began with an overall review of their energy structure along with identifying any areas that were lacking, as well as shortfalls in their utility portfolio.
We initially identified a need for reducing the energy provided to some large onsite chillers. We found the voltage optimisation and power factor of their preexisting solar panels were lacking - so we re-calibrated to gain maximum business energy reductions.
Going forward, we’re working towards installing more Smartcool chiller units, as well as investigating wind turbines and combined heat and power units.
Utility Team helped Showzone with energy and water procurement, recommended smart meters and looked at bill validation.
Utility Team helped to procure energy 5% less than market average, looked at their bill validation and ensured they met legislative compliance.
Utility Team helped Immunocore to benefit from a 20% reduction in energy usage which resulted in cost savings of over £1m.