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.
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.