By Peter McMullan
13th Nov 2020
Utilities Procurement Group (UPG) have now achieved over £3.2 million savings for CPC members on energy contracts procured through CPC’s Utilities framework.
Budgets are now being tightened due to the economic impacts of Covid-19 and with energy being a large area of spend for most institutions, making substantial savings in this area can really make a difference now more than ever.
The energy market prices move on a daily basis rather like the stock market. Power and gas prices are still relatively low compared to the last 2 or 3 years, as a result of Covid-19. It is therefore worth considering securing your contract now even if your contract is not up for renewal in the next year, in order to secure your contract at competitive rates before market prices rise. Power and Gas contracts can often be agreed up to 3 years ahead of the renewal date (sometimes 5). Fixing your contract can give you budget certainty for the future and will protect you against market increases and changes in the other non-energy costs that make up your final energy price.
King Edwards IV college has saved £480K by securing fixed power and gas contracts giving them budget certainly through to April 2023 and Derby College has secured £345K savings on their 3 year Power and gas contracts.
UPG are the sole service provider for the framework and are proactively helping many CPC members with their energy needs from procurement, to bill validation, reporting, energy management and sustainability advice.
You too could make savings, take advantage of the competitive power and gas contracts that can be sourced via CPC’s Utilities framework by contacting UPG today for more details and a free non obligation quotation:
Telephone: 03453 020041