Innova Foods made a direct saving of $4,250 per annum after Leading Edge Energy secured a cheaper natural gas contract on its behalf.
The company was on a competitive natural gas plan, but we knew we could find a better offer through tender.
Our Energy Management Consultants issued a call for tender and when we received the offers, it became immediately clear that switching to a supply contract made more financial sense.
Purchasing energy in advance on the wholesale market can often result in cheaper deals in the long haul, but this may not always be the case and this is why it is important to seek expert advice on the matter.
Innova Foods were looking to secure a wholesale market energy tender, but significant market increases at the time made the option not financially beneficial.
The situation flipped in the space of three days, with a 5 percent price spike on the wholesale market as a result of the imbalance between supply and demand during the summer period.
The company already had a quote offered by their retailer which was more advantageous, so we advised them to sign the direct offer while it was still valid.