Energy Strategy
Industry Hints and Tips
Guard against Complacency and be proactive
Don’t assume you can only renew utilities contracts towards the end of your current deal. Most suppliers can now quote up to 12 months in advance, allowing you to assess the energy market and judge when is the most favourable time to lock in your next contract. In fact, leaving it late simply weakens your position to negotiate with the suppliers. We have real time visibility of market prices and movements to help our clients select the right time to procure the next contract.
Dissect your energy quotations and check the small print
Each energy supplier presents their quotation slightly differently. It’s very important that you have a clear understanding of what they have included and more importantly what they have excluded from their quote. The hidden charges can come back to bite you unless you make a provision for this. Common exclusions are Climate Change Levy, Feed in Tariff, Meter Operator and Data Collection charges. In addition, with the larger consuming gas and HH electric contracts, it’s very important that you check the “Take or Pay” clause in your contract.
Can you go “Green”?
Enquire with your supplier about their renewable tariffs to boost your company’s green credentials. The majority of suppliers provide this option now, they tend to charge a premium for this option but weigh up the cost difference and decide what works for you and your business goals.
Consider technology and changes to your working processes to help reduce energy consumption and cost!
It’s not just about negotiating the lowest contract price to reduce your energy costs. Quite often the quick wins are staring you in the face. Think about ways you and your team can reduce your energy consumption and also consider various renewable tech solutions. We help our customers to analyse whether or not areas such as solar, battery storage, voltage optimisation and LED lighting are suitable for their business.
If you are looking for further support with your energy strategy and net zero targets, contact Andy Hurst by emailing andy@clearbridgeconsultancy.co.uk
