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.
Cloudfm was launched in 2011 by a team of Facility Management (FM) experts. They work in partnership with their clients to give unparalleled control over every maintenance detail on their estate.
Having experienced the limitations of conventional energy solutions, the founders believed that a new approach was required and so approached Utility Team for our expert knowledge and experience to guide and manage their portfolio.
Utility Team partnered with Cloudfm to provide interest-free funding for energy reduction projects for their client base (this included BPP University, Pizza Express, KFC and others).
We additionally procured gas and electricity, centralising the management of energy data and compliance – massively reducing costs to the group as well as ensuring efficiency of service, making the whole process easier for them. We provide a dedicated support centre to solve billing queries with real-time monitoring.
Working with Utility Team has helped to bring a highly specialised and unique element to our businesses skill set within facilities management. In addition to this they have also been able to unify our own contracts under a group deal that demonstrated a saving in 2019.
Derrick Hidden, Group Director of Technical & Consultancy, Cloud FM
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.