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Meggitt PLC is an international FTSE-listed engineering group with its headquarters in the UK. The group employs a workforce of over 10,500 people in facilities across Asia, Europe and America.
The Meggitt group history can be traced back to the mid-19th century when they pioneered aviation instruments for hot air balloons, including the world’s first altimeter. Today Meggitt’s group structure consists of Meggitt Aircraft Braking Systems, Meggitt Control Systems, Meggitt Polymers and Composites, Meggitt Sensing Systems and Meggitt Equipment Group.
As a precision-manufacturing business with significant energy expenditure, Meggitt ensures they procure energy in the most cost-effective way:
In 2014 Meggitt, like other large companies, fell into the scope of Article 8 of the EU Energy Efficiency Directive, which requires large EU enterprises to complete regular energy audits in line with the UK’s Energy Saving Opportunities Scheme (ESOS). With Beond’s support Meggitt is on track to comply with the ESOS Regulations.
The risk strategy which was initiated in 2012 involved:
“I am very happy that we chose Beond to source our energy tendering and risk requirements as we believe this has enabled us to improve our energy procurement strategy. Beond’s recommendation of a flexible purchasing contract option has helped us benefit from lower prices. The level of quality processes and the advice on risk given to all our stake holders during all discussions made energy risk management understandable and easier to implement.”
Lloyd Scott, Group Category Manager – Indirects (Europe), February 2016
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:
For more information regarding our latest innovations please contact the consultancy team on 020 8899 7385.