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 School Academy Group are a large collective of primary and secondary schools, with a total of approximately 10,000 pupils aged from 3 to 19.
The School Academy Group works closely with the Diocesan Department of Education, the local authority, the Department for Education, local academies/schools, local businesses, commerce and the wider community.
The Relationship How Did We Help Them?
After identifying a spike in their electricity bills the client was keen to establish energy efficiency policies and practices.
We installed smart meters for power, gas and water in all of their schools. enabling the group to accurately measure, monitor and record their usage.
In addition, we commissioned a high level energy survey at all of the sites. This identified a variety of issues that would benefit from investment.
We recommended energy reduction equipment and analysed the market to find the best price tariff and a renewal offer from E.ON for both gas and electricity was agreed upon.
The Outcome What Were The Results?
Revolving Green Fund secured for £500k
Energy reduction by 16.5%
Daily usage reduced by 7,799 kWh
Average daily saving of £376.68
Other Case Studies
Shoezone
Utility Team helped Showzone with energy and water procurement, recommended smart meters and looked at bill validation.
Keolis
Utility Team helped to procure energy 5% less than market average, looked at their bill validation and ensured they met legislative compliance.
Immunocore
Utility Team helped Immunocore to benefit from a 20% reduction in energy usage which resulted in cost savings of over £1m.
