A large mill and bakery has sliced a fifth off its energy budget with a risk management strategy.
Energy broker EIC said its client began a two year electricity supply contract starting in October 2013 and is getting 23% savings against its budget.
Amy Chambers, Marketing Executive at EIC said: “Through our active Risk Management all clients have seen their prices outturn below their budgeted prices. In fact, we have been able to re-set budgets for 11 of our clients and lock in savings in excess of £9.2m.”
Another of the firm’s clients in the utilities sector is currently £6.5m below budget for a two year power contract that started in April this year.
She added: “With our expert team, best in class processes and unrivalled risk controls we’re confident that EIC clients will see further successes in the coming months.”