LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.
Cloudfm was launched in 2011 by a team of Facility Management (FM) experts. They work in partnership with their clients to give unparalleled control over every maintenance detail on their estate.
Having experienced the limitations of conventional energy solutions, the founders believed that a new approach was required and so approached Utility Team for our expert knowledge and experience to guide and manage their portfolio.
The Relationship How Did We Help Them?
Utility Team partnered with Cloudfm to provide interest-free funding for energy reduction projects for their client base (this included BPP University, Pizza Express, KFC and others).
We additionally procured gas and electricity, centralising the management of energy data and compliance – massively reducing costs to the group as well as ensuring efficiency of service, making the whole process easier for them. We provide a dedicated support centre to solve billing queries with real-time monitoring.
The Outcome What Were The Results?
Energy costs reduced by 8%
Dedicated support centre
Compliance strategy for ESOS and SECR
Centralised meter agreements
Half-hourly data centralised
Validation of bills
Working with Utility Team has helped to bring a highly specialised and unique element to our businesses skill set within facilities management. In addition to this they have also been able to unify our own contracts under a group deal that demonstrated a saving in 2019.
Derrick Hidden, Group Director of Technical & Consultancy, Cloud FM
Other Case Studies
Shoezone
Utility Team helped Showzone with energy and water procurement, recommended smart meters and looked at bill validation.
Keolis
Utility Team helped to procure energy 5% less than market average, looked at their bill validation and ensured they met legislative compliance.
Immunocore
Utility Team helped Immunocore to benefit from a 20% reduction in energy usage which resulted in cost savings of over £1m.
