Annual Savings of £4-5K
Northwood Regional UK is a multisite property company with in excess of 100 fiscal Gas and Electricity supplies.
Our brief was to streamline the procurement process for the client – we were faced with over 15 separate suppliers across the client’s portfolio, with different contract dates, payment terms, billing addresses, etc. With this situation, fundamentals were being missed, such as changes of tenancy and renewals.
Over the course of existing contract durations, we consolidated down to 3 key suppliers – for Half Hourly, for Non Half Hourly and for Gas.
We estimate that this consolidation exercise has produced annual volume weighted savings of 4 to 5% on top of the administrative savings of working to a coterminous, minimising client/ supplier interactions and reducing client decision points.
The improved utility procurement has also enhanced Northwood Regional UK’s occupiers recharge process as well as giving improvements to the bill validation thus decreasing debt and improving the change of tenancy process. This has aided other processes such as new connections – essentially, all administrative procedures associated with utilities has been enhanced by getting the procurement solution right.
At present, intelligent energy procurement offers are tailored to engineering solutions at specific sites where we can provide additional savings.