Adopting energy contract management services to focus on business growth

Abokado has an industry leading reputation and is one of the outstanding success stories within the healthy food to go sector. It is one of the fastest growing businesses in the restaurant sector as measured by store numbers and turnover.

Abokado

The business started in 2004 in Covent Garden and it was the pipedream of founders Mark and Lindsay Lilley to start the business after being inspired by the variety of healthy foods they discovered on their around-the-world trek. The business is now a familiar brand across London and it is still expanding.

Our Challenge

Since opening the first store in 2004, Abokado has opened many new stores, meaning that many of the energy contracts were with various different energy suppliers and had a variety of contract end dates. This meant that managing the portfolio was complicated and labor-intensive, particularly when the business had to deal with new connections, multiple suppliers, multiple invoices and multiple contract renewal dates throughout the course of the year.

Understanding that energy market specialists were available to alleviate the business of these administrative burdens, Abokado carried out a “broker tender” for a number of energy brokers to introduce their services to their business.

After trialling several energy consultants Abokado engaged with Beond.

Our Objectives

  • Understand the billing, metering and profile classification requirements of the business
  • To attract as many major suppliers to compete in our tender whilst competing with two other brokers
  • To illustrate to Abokado the benefits of using a transparent live energy auction opposed to traditional brokerage
  • Prove that additional savings were available using our systems against any other energy brokers methods
  • To offer practical advice on credit for new sites and new accounts
  • To advise on best practices for managing the account by forming co-terminuses contracts

 

The Results

Using unique tendering software to run a fixed price reverse auction, Beond were able to attract ten separate supplier offers which resulted in the client signing a fixed price co-terminus group contract with a major supplier.

This allowed the annual energy expenditure to be reduced by 3% and the energy budget to be fixed until October 2017.

“By finding a single supplier solution and collating a group contract, Beond were able to reduce our costs and the amount of time and resource we have always had to spend on managing our utilities. We have since added new sites to the group contract at an equally competitive unit rate and we now rely on Beond to provide an efficient contract management service.”
Richard Chee, Financial Controller (Abokado)

Case Study Highlights

By combining modern technology and industry experience Abokado were able to save money and outsource the burden of energy contract management; freeing up staff to concentrate on their core business and expansion.

Beond continue to work successfully with Abokado advising on contract issues and energy saving opportunities.

Beond Services

Beond are a privately owned specialist energy market consultancy – offering innovative and bespoke services to a wide range of energy and carbon consumers. Our business is built on offering tailored energy management and purchasing solutions, supported by our proprietary software and managed by our dedicated team of experts.

Our staff are the key to our success and significant investment has been placed in recruiting and retaining the best talent in the industry sector – with our Consulting Directors holding an average of 20 years’ individual energy market expertise and experience.

With over 500 major energy consumers under management we have an excellent track record in delivering:

  • Innovations in energy procurement to deliver best value to our clients
  • Dedicated portfolio management and on-going data collation and analysis
  • Tailored and bespoke risk management hedging strategies – able to adapt to the ever changing markets
  • Studies on the impact of future changes to an organisation to mitigate risk
  • Structural site works, upgrades and network connections
  • Bill validation, reporting and analysis
  • Compliance to carbon schemes such as the CRC and ESOS with an excellent track record of success
  • Innovations in energy management to bring bespoke solutions with strong financial return
  • Energy auditing and technology services to introduce the right technology to reduce energy consumption

For more information regarding our latest innovations please contact the consultancy team on 020 8899 7385.

Download