Portfolio Energy Procurement
When we began working with Shipley Brothers they were procuring their electricity via a fixed contract, yet were interested in alternative procurement options.
Buying energy flexibly can deliver higher rewards provided there is active risk management and close monitoring of market conditions. However, it can often seem confusing and time-intensive or an option only available for the largest consumers.
We recommended our flexible purchasing offering Portfolio. Based on our track record and contract features Shipley Brothers were happy to make the switch. The EIC team then worked closely to agree a suitable buying strategy and ensure a smooth transfer from their previous contract and supplier.
“We have worked with EIC for several years and always found them to be professional and knowledgeable. With their help, we moved away from our fixed term and contract approach to energy procurement and opted for their Risk Managed Portfolio service. The savings we have achieved have been stunning and I would highly recommend EIC to any company that likes reducing their overheads!”
savings against budget achieved for electricity
to alter strategy to suit business needs
Portfolio is a group purchasing solution which provides access to a fully flexible contract with best practice Risk Management and an excellent track record. It is unique in its approach, as each individual within the group is able to maintain their own strategy. In addition to this, Portfolio gives users the flexibility to alter strategy during the contract should business needs or risk appetite change. Shipley Brothers were assigned a dedicated team; an Account Director and Account Manager to deliver the service and support throughout, and a Risk Management team to manage the contract in-line with the agreed strategy.
Shipley Brothers are kept informed with monthly Position Reports which show performance against the market and their budget. The reports are an excellent forecasting tool and help to track the success of the contract. To date, Shipley Brothers have seen a £56,100 saving on their contract. They also receive our Bill Validation service which provides them with peace of mind that their bills are consistently accurate.
EIC Case Study – University of Reading
We began working with the University of Reading in 2012 following a competitive tender. Like most educational establishments, they are required to procure their energy...
EIC Case Study – Heathcoat Fabrics Limited
For larger energy users, a flexible contract is an attractive procurement solution as it allows businesses to take advantage of a volatile energy market and...