Case Study: Kia Oval

The Problem

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​.

The solution

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.

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