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.
Immunocore is a privately owned British clinical-stage biotechnology company, based in Oxfordshire, which researches and develops biological drugs to treat cancer, infectious diseases and autoimmune diseases using soluble T-cell receptor technology.
They are constantly striving to be the leaders in their chosen field, they are considered as pioneers when it comes to the management and targeting of their energy usage.
We have provided Immunocore with a variety of energy services including; energy procurement, bill validation, new meter connections, site and meter auditing amongst others. The fully managed service we have provided has greatly alleviated the workload from their internal stakeholders.
Additional services such as on-site meter and energy audits had been conducted to eliminate any possible overcharges. We wanted to ensure that their site had a full appraisal, so we sent our auditors to site on 2 occasions to conduct these assessments including a full site inspection, identifying all meters. From this extensive review, unknown additional meters were identified and subsequent energy suppliers updated. This led to a £10k-£12k reduction, per month on their bill and a saving on unnecessary costs.
With the build of their new combined office and lab, Utility Team were on hand to liaise with the local distribution network. We ensured the necessary works were carried out on time and diligently.
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.