Inenco Group Ltd
The dynamics of the Utility Markets present an ongoing challenge to businesses, and are often an unwanted distraction from core activities. Inenco can provide the time and expertise to help you through these issues, either as a standalone resource, or to compliment existing “in- house” facilities. Our expertise covers all energy and utility areas, including electricity, gas, water and telecommunications. Inenco offer a broad range of energy purchasing services, covering all aspects and approaches, with programmes specifically tailored to our clients' requirements. From tariff analysis to bespoke trading & risk management solutions. Energy and Utility invoices have dramatically increased in complexity, often containing thousands of pieces of data. This coupled with the difficulties that many suppliers face in delivering bills accurately and on time places a massive processing burden on business. Energy and utility invoices are notoriously inaccurate, Inenco provide a detailed audit service to verify the accuracy of historical energy and utility invoices, leaving no stone unturned and ensuring that any overpayments are quickly identified and refunded. Inenco provide a complete range of energy and utility metering and data collection solutions, all aimed at putting you back in control of your costs. Meter Operation & Data Collection - HH electricity Advanced Meter Reading (AMR) solutions - NHH electricity Sub metering - energy management, cost allocation & tenant billing Data logging - for other utilities including gas, water, trade effluent About Inenco Based in Lytham St Annes Lancashire, Inenco employs over 140 full time personnel and has a turnover of some £12 million pa. Formed in 1968, Inenco initially focused on energy purchasing and management consultancy for industry, commerce and the public sector. Inenco has since adapted and responded to market changes offering expertise in water purchase, management and disposal; telecommunications; and all aspects of Environmental Consultancy. Inenco is part of AIM listed Spice Plc. Inenco is currently engaged in an expansion programme throughout Europe, and has experience of working in the USA . Today, Inenco is recognised by customers, suppliers and government departments as a market leading independent consultancy. Inenco’s quality systems are certified to the ISO 9001:2000 standard. Inenco provides a unique range of services aimed at managing and reducing clients' energy and utility price, usage and overheads.
Mr Robin Preston
Ribble House,Ballam Road
Lytham St Annes
Inenco urges businesses to take long term approach to energy reduction
Inenco, one of the UK's largest energy consultancies, is urging businesses to start planning now for long term energy reduction.
In a survey of some of the UK's largest businesses about their attitudes to energy reduction, 83% cited cost reduction as the biggest driver for their business' energy strategy, but only 41% expected to act on their Energy Savings Opportunity Scheme (ESOS) audit, a report which will set out energy saving recommendations across a business' operations.
10,000 of the UK's largest businesses must comply with ESOS by completing an energy audit of their operations before December 2015, yet there is no legislative requirement on businesses to act on any of the energy saving recommendations that the audit will unearth. Inenco is urging businesses to use ESOS as an opportunity to plan for the medium to long term by creating a strategy that reduces energy cost.
One third of businesses acknowledged that funding is a barrier to investing in energy reduction, with a further 25% citing time and impact as a factor preventing them in progressing with reduction projects. Almost 20% were also concerned about return on investment.
Inenco has launched an end-to-end turn-key solution to support businesses implementing energy reduction projects, with guaranteed savings of at least 15% to remove the risk associated with self-investment. 'Spectrum' will support businesses through the planning, funding and implementation of energy reduction projects, utilising both the engineering expertise of Inenco's consulting arm, NIFES and recognised technology solutions.
Spectrum aims to remove barriers to implementation by removing risk, time and upfront investment. David Cockshott, Chief Commercial Officer at Inenco, said:
"Many businesses have already picked the 'low hanging fruit' of low cost or no cost measures, but investment in energy reduction projects can make a big impact on future energy costs. Under ESOS, identifying energy saving opportunities is moving from optional to mandatory, and businesses should take advantage of this as the catalyst to plan for long term reduction. Just a 1% saving can equate to hundreds of thousands of pounds, meaning businesses need to focus on a strategy for reduction.
"Spectrum guarantees energy savings with no upfront investment, making a compelling case for businesses looking to install measures or act on their ESOS recommendations. Businesses have told us cost reduction is a priority, and through Spectrum we can help to remove the multiple barriers standing in the way of implementation by supporting businesses throughout the energy reduction process with a natural flow into the installation and measurement of projects."
• Spectrum has been created by Inenco to support businesses with the end-to-end delivery of energy reduction projects. Under Spectrum, Inenco will support businesses to build upon ESOS audit recommendations or other portfolio analysis that identifies opportunities and help them to select the right technology; secure funding; manage project implementation; and track the return on investment.
• With guaranteed return on investment and full project management, the time investment required to implement energy saving measures is removed
• Under Supplier Services Agreements, businesses can repay capital outlays through the cost savings achieved, meaning projects require no upfront capital expenditure.
• For more information, visit www.inenco.com/spectrum/
For further information please email Inenco Group Ltd