The importance of managing energy spend

Posted on 9 Feb 2016 by The Manufacturer

Understanding, controlling and managing your energy spend are central concerns for all businesses in the manufacturing sector, says CUB UK.

CUB UK - Made To Save EnergyWith some British manufacturers paying nearly twice as much for energy as their European rivals, it’s an area that’s never far from the front page of the broadsheets.

Energy-intensive companies are paying the price for climate change policies, which are driving production down in certain industries.

Growth in this industry is directly tied to energy spend, so it’s a natural priority for manufacturers as we enter a new year.

Old systems, inefficient machinery or a lack of appetite for becoming more environmentally aware can all result in waste that costs precious time and money.

If your business is not in a position to address the structural or operational issues that may impact your energy consumption, there are other steps to take that can make significant improvements to your expenditure.

Cost savings with a flexible plan

Adopting a flexible – rather than fixed – energy procurement strategy offers manufacturers a cost saving solution, while avoiding the financial implications of energy management from a technical perspective.

When undertaking a contract renewal, manufacturers may find savings can be made almost immediately due to the decline in wholesale energy price.

By being on a flexible contract, businesses have access to wholesale prices at all times, ensuring that no opportunities are missed.

Working with the specialist energy procurement team at CUB gives manufacturers the agile level of support needed to make sure they’re making the right choices when it comes to energy spend.

Dedicated account managers undertake a detailed study of customer needs before going out to market to secure the most competitive flexible contract available.

How to learn more

To discover how a flexible energy procurement strategy could save your business money, simply get in touch with our expert team and arrange an informal meeting by calling 01354 606848 or by emailing [email protected].

We’d be more than happy to discuss how a flexible plan could save you money.

Our track record

We have saved an estimated £300,000 for businesses that have taken advantage of a flexible product.

Icelandic Seachill is a leading supplier of chilled fish to the UK retail market. Having been in business since 1998, energy consumption is a central outgoing for the growing business.

Our expert team approached Icelandic Seachill in the spring a number of years ago and since April 2015, we’ve saved 8% (£8,163) on gas energy only, through the exclusive purchasing collective (EPC).