EIC have been proactive in moving Pregis forward in the way we view our energy consumption from commercial and environmental standpoints. They have successfully incorporated us into a three year Power Portfolio which is already delivering against significant committed savings.
Philip Porter
Purchasing Manager
Pregis Rigid Packaging
Matt Williamson, Risk Management Consultant, provides an insight into Portfolio, our flexible group purchasing option.
"Portfolio is an innovative, fully risk managed, flexible purchasing solution with an excellent track record of delivering quantifiable results.
We assemble an exclusive group of sizeable energy users to qualify for a fully flexible energy contract, normally only available to the larger electricity and gas consumers.
We successfully risk manage energy contracts on behalf of major clients, with impressive results in challenging market conditions, and we apply the same unique risk controls and management principals to the Portfolio.
By using a flexible energy contract with refloat capabilities, selected following a challenging supplier tender to ensure the very best terms and conditions, we can lock in prices if we see the market is rising and unlock purchases should prices soften. This allows us to repurchase at more competitive prices. With a defined risk-averse strategy and policy, managed by our team of experts, our priority is always to protect each client's budget, optimising their position where opportunities arise.
Monthly reporting ensures all our clients are aware of the Portfolio position, its performance to date and our activity both in protecting the budget and maximising any potential savings.
Our risk managers are also on hand to answer any queries you may have".
