Corin Group

Savings of £750,000 and £70,000 refund of capacity charges

Background

Corin Group have been leading the way in orthopaedic innovation for over 30 years. They offer a unique combination of clinically-proven hip, knee, ankle and shoulder solutions and world-leading technologies that enable patients, surgeons and healthcare providers to connect more closely than ever.

Corin Group have a global presence, their UK operation based in Gloucestershire has seven units across three buildings with five electricity meters and the same number of gas meters.

Project Overview

The company were engaged with another energy broker before speaking to Resolve. Following a full site and meter audit with the energy suppliers, Resolve discovered that the group of contracts were spread across more than one supplier, paying varying rates with some meters on deemed rates, resulting in massive over payments to the suppliers.

Resolve were able to place all meters with a common supplier with common end dates for electricity and gas alike, all benefiting from long term fixed price contracts. We also discovered that several of the meters had an unnecessarily high capacity allowance. By collating and analysing the relevant meter data, it became obvious that we could help the company to reduce the allowance immediately.

The work resulted in massive savings of around £750,000 across the contract term. The reduction in capacity allowance led to a £70,000 reduction in kVA charges alone.

Outcome and Next Steps

With a single supplier and common end dates now in place for the company, management of the accounts and renewals is straight forward, eliminating the chance of finding themselves on deemed rates.

Resolve will continue to manage the accounts and handle any queries along the way.

“We appointed Resolve Energy to be our energy procurement consultant from 2017. Since then they have negotiated a number of new energy contracts for all 7 of our units on our behalf, securing long term contracts at very competitive market rates. I would have no hesitation in recommending their services. I have always found Matt to be professional and courteous at all times and very proactive in his role resolving any queries we may have.”

Action Homeless

Background

Action Homeless is a charity based in Leicestershire dedicated to tackling the causes of homelessness. Over the past 40 years, Action Homeless has developed and evolved into the leading homelessness charity…

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Annual saving of £19,000 and £25,000 refund of overpayments

Background

Action Homeless is a charity based in Leicestershire dedicated to tackling the causes of homelessness. Over the past 40 years, Action Homeless has developed and evolved into the leading homelessness charity in Leicester supporting around 350 people every year across their 22 sites, and 44 meters. As a charity it is critical to keep business costs under control and Resolve Energy we were able to help them make a significant saving.

Project Overview

The charity had previously engaged two energy brokers before becoming involved with Resolve and as a result no single broker was able to look at the organisation as a whole and bring saving across all of the sites.

Resolve performed a full invoice audit for the energy contracts across all 22 sites and it quickly became clear that no efforts had been made by either of the previous brokers to simplify the contracts and save money. The contracts were spread across multiple suppliers, on various rates with completely different end dates. Some meters were actually out of contract and were suffering the high rates as a result.

Resolve were able to arrange backdated contracts for those sites and meters that were out of contract and this resulted in a massive £25,000 refund, a major boost for any charity.

In addition to this, Resolve were able to negotiate new long term energy contracts across all 44 meters with a single supplier that benefit from common end dates. This resulted in an annual saving of over £19,000.

Outcome and Next Steps

Now that the organisation is dealing with a single energy supplier across all of its sites and they are benefitting from more streamlined budgeting and account management.

All the sites in the organisation have been fitted with Smart Meters at no cost which means that all future bills will be based on accurate actual meter readings rather than estimates.

As Action Homeless have since expanded and we have been able to align a further 6 new sites with the common end date contract.

Providence Row Housing Association

Background

Providence Row Housing Association (PRHA) is a specialist housing association helping people who are homeless with a wide range of residential and non-residential services.

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Centralised billing from one supplier & annual saving of 5%

Background

Providence Row Housing Association (PRHA) is a specialist housing association helping people who are homeless with a wide range of residential and non-residential services.

Spending over £120,000 on their energy bills

Project Overview

38 sites across the East End of London with various suppliers and contract end dates. Many of these were not in contract and therefore paying out of contract rates.

Most of the customer’s bills were based on estimated reads and therefore inaccurate leading to overpayments.

Resolve Energy conducted a full bill validation which included checking rates and contract statuses for all 38 sites.

Set up a common end date contract with one single supplier for electricity and gas.

Annual saving of 5% against their current rates

Outcome and Next Steps

Energy bills are now centralised from the single supplier, budgeting and management of the accounts are streamlined.

Smart Meters have been fitted to all sites at no cost, so moving forward all bills will be based on actual meter reads and therefore accurate.