LATEST MARKET UPDATE: Following a spate of panic-buying yesterday (12th January), gas and power prices have opened down in early trading this morning. Spot prices remain historically high today, but indications are that European traders’ anxieties following a spike in demand in the Asian markets may have been excessive.
Kingspan is the global leader in high performance insulation and building envelopes, operating in over 70 countries and employing more than 14,000 people.
Kingspan manufactures a suite of complementary building envelope solutions for both the new build and refurbishment markets.
Utility Team were appointed by Kingspan to take over the management of their UK & Ireland, Norway and Poland energy procurement needs. This was coupled with additional value added services and ongoing account management.
Our first order of business was to perform supply tenders across Europe, present best case scenarios and negotiate terms and conditions with winning suppliers.
Ongoing management and strategy is in place to manage flexible contracts, with other sites taking advantage of longer term fixed prices.
Additional services provided cover ongoing bill validation, historic invoice auditing, meter upgrades, online data access, billing & payment management, and assistance with meeting compliance obligations.
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.
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