Case Study

Our client is a UK-based property management group with responsibility for a prestigious portfolio of buildings, including one of London’s most iconic and landmark buildings with over 25 tenants.

Each tenant is required to pay an annual service charge, which uses accurate energy forecasting to assist in setting the charges. Prior to February 2020 and pre-pandemic, energy usage had been relatively stable at 29 GWh per annum.

However, by March 2020 consumption had been significantly impacted by Covid and reduced tenant activity and demand had declined to 25 GWh.

The client’s energy contracts were up for renewal in Autumn 2021, during a period of unprecedented turbulence in the wholesale gas and energy markets. Previous annual spend was c£2.8m (electricity) & £0.4m (gas), so the client was facing a significant increase in their commercial energy budget.

At the same time, the business had an objective to increase and improve use of renewable/green energy providers as part of their energy strategy.