Could your business achieve greater energy cost savings?

01 Oct 2009Archived News Climate Change Matters

In recent work with clients focussed on delivering considerable energy cost savings, Energetics' procurement team considered a number of key learnings in strategic energy procurement.

 

In our December 2008 newsletter, Energetics identified three main opportunities to help procurement managers lower energy costs. These were:

1. Optimising existing contracts
2. Implementing a detailed bill checking process
3. Forward planning for sourcing beyond 2009.

By working with a number of clients over the past few months and following these three strategies, Energetics has been able to capture savings worth over $8.3 million. This was realised from a range of projects covering: WA, Tasmania, NSW, SA and Qld, and spanning a number of different industry sectors.

The learnings from our recent work are:
• Even the most well managed contracts have some savings opportunities.
• Detailed bill checking is vital given the level of complexity and potential for errors.
• By forward planning and having tender processes in place, customers are able to lock in prices that provide savings of between 5 and 10% of prices seen in 2007/08.

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