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For the next three years, certified (REGO backed) green electricity can be procured at negligible additional costs. However, as more and more organisations move towards net zero, demand for this will increase, and so will prices. This is leading to the provision of Corporate Power Purchase Agreements (CPPAs), which ensure that businesses achieve both price certainty and a guaranteed green electricity supply. They involve directly purchasing electricity from a generator and are usually for a three to ten year period.
Renewable energy sources currently provide over 40% of the UK electricity supplies to all real estate. How we plan, procure, and manage the procurement of clean generation is integral to the challenge of net zero.
We pride ourselves on taking the long-term view for our clients
Increasingly, the timing of energy purchasing is one of the most critical aspects as current market volatility can lead to daily market swings of over 10%. Our team will work with you to devise a long-term strategy and use the latest technology for trading screens to purchase energy at the optimum time. By following this strategy last year we were able to secure savings of 19% on the wholesale prices.
It is increasingly important that you provide accurate data to the suppliers at the tender to ensure you get the best price avoiding any risk premiums. Inability to deliver this data will inflate the supplier’s risk premium. Savills uses a bespoke industry-leading software to ensure that we can provide the most accurate data to suppliers to enable the best pricing.
How can we help you?
- Use of software to report utility information for both compliance and corporate reporting.
- Accurate and efficient bill validation to avoid any overcharging errors. Our software allows for either electronic billing, PDF and paper invoices are processed efficiently with over 60 separate checks to ensure accurate invoicing.
- The provision of transparency, control, and savings to our clients by managing procurement, costs and efficiency optimisation.