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.

The Customer Rascal Confectionery

Rascal Confectionery Limited is one of the UK and Europe’s leading manufacturers of coated dragée.

Founded in 1967, Rascal have over
50 years of experience within their field.

Rascal Confectionery have a purpose-built factory over 6500m2 which stands on a site of 1.2 hectares (2.5 acres).

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The Relationship How Did We Help Them?

Utility Team and Rascal have been working together for the last decade. We have consistently provided contractual energy procurement advice and worked to ensure renewable energy sources have been made a reality.

In 2019, Rascal was looking to implement solar PV onto the roof of their site. However, as with a lot of these projects, costs were a stumbling block. By utilising our Revolving Green Fund, Rascal Confectionery was able to access interest-free funding of £50,000 to commission the work.

The solar project is now live and performing well, resulting in a reduction in consumption in excess of 30% annually. 

The Outcome What Were The Results?

  • Energy consumption reduced by 30%
  • Revolving Green Fund secured for £50k
  • Long term gas & energy procurement
  • Relationship spanning 15 years

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