Large industrial user of gas and power.
In March 2016 Kia Oval were aware that oil had reached a 10-year market low.
The current broker (12 years), not proactive, no investment in partnership.
Searched market for “future prices”
Ran procurement selection process and recommended future 5-year fix
Saved £97,013 for the Oval based on market spot price (electricity).
Saving in today’s market is more like £250,000.
Contract started on 1st November 2016, having been fixed in March 2016 for 5 years.