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.
Investing in a greener future is easy with Utility Team.
The Revolving Green Fund (RGF) is an exclusive initiative which provides businesses with interest-free funding to deliver energy-efficient projects and technologies. You’ll receive interest-free funds to put towards any cost and carbon-saving technology or initiative, so it won’t put a strain on your budget.
Our RGF is a way to reduce energy usage, lower unit costs and future-proof your business ahead of the government’s 2050 carbon neutral target.
The Particulars
The RGF process can include a variety of work and initiatives which would improve your business energy, we can help you focus on...
Compliance and governance services i.e. SECR, CCA, ESOS
Engagement and behaviour change
Employee training
Taking the effort out of business energy with the best market rate deals on Business Energy procurement
Every business is different, and therefore so is your energy quote. Take the first steps to reduce your business energy bills, get in touch today!
Utility Team ensures all project objectives have been achieved, and expectations and performance is met.
Utility Team also commission energy efficiency surveys using ISO 50001 energy management standards. This review typically includes...
LED Lighting
Combined Heat and Power (CHP)
Solar PV
Building management systems
Plus many more
We can even support less technology focussed activity including...
Building refurbishment
Building fabric
Tree planting
12-20%
The RGF can typically save 12-20% off your total energy consumption without the need to use your precious capital or enter into complex leasing arrangements.
RGF in Practice How does it work?
1. Unlocking the upfront investment
Energy spend is a ‘distressed purchase’, i.e. it’s not your core business and you wouldn’t buy energy if you had any other choice. In many cases, being environmentally conscious loses out when competing with capital projects affecting ‘core’ business activities.
An RGF will fund these measures, unlocking the investment and the energy savings without the need to use precious capital. Any funds accumulated will be transferred into the RGF immediately, creating a cash fund enabling energy saving measures to be delivered.
2. Sourcing the best energy supply to suit your requirements
We will source the best price and product for your energy requirement which, in some cases, will result in an immediate reduction in utility costs.
3. Minimising the Risk
Utility Team is here to support all aspects of the RGF, from initial project identification right through to (and beyond) commissioning of a delivered project.
We work with carefully chosen suppliers of innovative energy reduction technologies to ensure you get the best possible equipment and value for money.
Scope
Utility Team will work with you to understand what you want to achieve from the RGF.
Some of the key considerations include what your aim is, whether that is cost/carbon saving ambitions, delivering essential asset upgrades and future proofing your site or investing in on-site generation, monitoring and targeting software.
We'll review what your timelines are, long or short-term. What the readiness of your product is, it may not have been identified, it may need work or it may be ready for investment. We also assess what level of funding is required.
Secure
Once your objectives are known, Utility Team deploy our in-house experts to develop the fund.
To do this, we will review your current energy consumption and forecast spend. We'll also determine the best energy supplier and contract. Following this we'll formalise the funding offer.
Deploy
Utility Team has an extensive network of delivery partners across a wide range of services and technologies. You can, of course, use the RGF to deliver existing projects with your current supply chain partners but should you need our support, we are on hand.
Succeed
We work with you to develop the agreed project success factors and will closely monitor and report on project performance. We do this by developing robust measurement and verification processes. Assessing contractual terms that include savings, performance and availability guarantees. We ensure operation and maintenance contracts are in place prior to commissioning and the appropriate warranties are suitable and defects are addressed promptly.
