The Client
Poeton Industries Ltd are a family-owned surface engineering specialists with a proud history of over 125 years, providing a range of treatments from conversion coating to specifically engineered advanced Apticote solutions to ensure designers can successfully push the limits of conventional materials to their limits.
Service
Energy Services
Sector
Manufacturing
The Saving
170,000
Year
2024
Introduction
As well as a European based facility in Poland, Poeton operate three sites in the UK, two in Gloucester and one in Cardiff and we’re proud to have worked with this prestigious client for over 10 years.
The Brief
We were originally contacted by the client to review their energy contracts, which had been dealt with in a fairly traditional term to term basis, with very little change in strategy. As an energy intensive industry, we immediately set about changing elements of the contracts.
Firstly, we brought all three electricity and gas contracts together to one contract end date, to reduce the administrative burden and simplify the contract tendering process. We also moved supplies for electricity and gas to single source, to aggregate pricing and lower cost. Finally, we also identified wasted costs relating to excessive Available Capacity charges on one of the sites, which led to a further savings.
We’ve also managed to move the timings of the client’s contract renewals into the spring / summer periods to harness lower wholesale prices.
The Outcome
Thankfully, we believe we have protected Poeton for potential cost rises in gas of approaching £250,000 and over £100,000 in electricity costs.
The Conclusion
Having come through the worst of the energy crisis, we’re now in a place where the client’s electricity costs have come back down to a more sustainable level and subsequently, moved the client back into a medium-termed contract with an ongoing watching caution.
An excellent iniEaEve that has also arisen from the last year’s has been the energy efficiency and monitoring that Poeton have not introduced as a standard process, which has led to a 15% reduction in energy consumption!
Savings / Year
By securing a long-term gas contract for the client, we believe we have sheltered Poeton from the extreme rises in the wholesale market, so saving in excess of £500,000 over the past four years.
More recently, we have managed to negotiate a lowering of electricity costs equivalent to over £170,000 per annum.
”Salim at Advanced Buying have provided us with invaluable guidance through the application of his market expertise and exploitation of extensive network that have enabled us to make the best decisions for our business, that ultimately allows us to continue providing the most cost-effective solutions for our customersSalim at Advanced Buying have provided us with invaluable guidance through the application of his market expertise and exploitation of extensive network that have enabled us to make the best decisions for our business, that ultimately allows us to continue providing the most cost-effective solutions for our customers.
Darren BurgeManaging Director - Poeton Industries Limited
1
Review
After initial enquiry, we will arrange one of our service managers to access and examine your current contracts and costs.
2
Identify Savings
We will return to you with all our findings and cost savings suggestions and guidelines for you to digest in a quote format.
3
Join Advantage
If you are happy with our findings, we will then take control of all the administration ensuring a smooth transition and switch over.
4
Ongoing Support
Our team will monitor your services during the agreed fixed term. Keeping all cost savings at the centre of what they do.
Get Started
Find out what you could save
Remember, there is no charge for our services and 100% of all savings achieved are passed directly to you, so what have you got to lose?
