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.
Since Wembley Arena (now called The SSE Arena) and the land around Wembley Stadium was bought in 2002, they have worked hard to revitalise the 85-acre site.
Over a decade into this long-term project, it’s the most significant redevelopment of the area since the 1920s. As well as a place of cultural, musical and sporting legend they’ve created a wonderful place to shop, stay and enjoy. Their plans for the future take the vision of Wembley Park to a new level as a globally-significant and locally-loved London district.
The Relationship How Did We Help Them?
Utility Team have been working with Wembley Park to ensure overall cost savings, helping them to stabilise bills as well as ensure consistency of service.
Managing the ongoing requirement for procurement, new connections, bill validation and also acting as an intermediary for bill paying and cost analysis we have helped them to vastly improve their energy portfolio.
The Outcome What Were The Results?
Energy procurement and risk management to help deliver large savings
100% billing accuracy
100% live rate on contracts and new connections
On average 1,000 queries and interactions managed annually
Bill validation
Cost apportionment and bill payments
New connections and metering
Having Utility Team on hand to address billing and connection queries for the development has been really helpful and at times instrumental in ensuring that our project continues on target. They were able to provide timely and riskfree supply and continue to provide bespoke reporting and bill validation.We really appreciate the effort from Utility Team and look forward to working with them going forward.
James Huartson, Head of Estates Services, Wembley
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