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.
Rascal Confectionery Limited is one of the UK and Europe’s leading manufacturers of coated dragée.
Founded in 1967, Rascal have over 50 years of experience within their field.
Rascal Confectionery have a purpose-built factory over 6500m2 which stands on a site of 1.2 hectares (2.5 acres).
The Relationship How Did We Help Them?
Utility Team and Rascal have been working together for the last decade. We have consistently provided contractual energy procurement advice and worked to ensure renewable energy sources have been made a reality.
In 2019, Rascal was looking to implement solar PV onto the roof of their site. However, as with a lot of these projects, costs were a stumbling block. By utilising our Revolving Green Fund, Rascal Confectionery was able to access interest-free funding of £50,000 to commission the work.
The solar project is now live and performing well, resulting in a reduction in consumption in excess of 30% annually.
The Outcome What Were The Results?
Energy consumption reduced by 30%
Revolving Green Fund secured for £50k
Long term gas & energy procurement
Relationship spanning 15 years
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