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.
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.
The Relationship How Did We Help Them?
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.
The Outcome What Were The Results?
Flexible purchasing and consolidation with an average 6% saving across the portfolio
Climate Change Levy (CCL) renewal for further 2 years
Access to Utility Team's online portal for real-time monitoring of data
A full roll out of gas Automatic Meter Readers (AMR)
Monthly bill validation
Multi-country procurement
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Shoezone
Utility Team helped Showzone with energy and water procurement, recommended smart meters and looked at bill validation.
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