We helped Blackwall Real Estate reduce their energy spend by $150,000 by going to tender on the wholesale electricity market at the ideal time.
Blackwall had a number of sites purchasing energy individually from a range of retailers.
The management contacted Leading Edge Energy to see if there was any way to reduce their energy spend, which was putting a big dent into the business.
What we did
We analysed Blackwall’s group sites setup and immediately identified that we could group them together to leverage more purchasing power on the wholesale market at the ideal time.
We calculated that going to tender on the wholesale market would result in an average 20 percent saving.
Because Blackwall was purchasing energy from different retailers for different sites, the group was in a situation where it had multiple end dates across their energy contracts. This was an administration headache for the group.
By grouping the sites, we helped align the contracts so they expired at the same time, making account management a much easier task.
Apart from easier administration, the new setup allowed us to combine purchasing power to get a better deal on the wholesale market.
We monitor the wholesale energy market in real time, allowing us to identify the best time to go to tender. By tendering six months before contract expiry, rather than waiting till the last minute, we helped Blackwall save over $150,000 on their energy contract.
Buying energy ahead of time is an effective way of taking control of your energy spend.
You can lock in contracts up to three years in advance, meaning that you will not only benefit from cheaper rates, but you will also know exactly what your energy spend is going to be for the whole year, allowing you to budget and forecast accurately.
Want to find out more about multi-site tendering?
By grouping your multi-sites into a single wholesale electricity tender at the ideal time, we can help you reduce your energy spend. Call Leading Edge Energy for a free consultation on tel: 1 300 852 770 or send us an email on firstname.lastname@example.org.