The 4 elements of a sustainable utilities strategy

The UK’s net zero legislation and 2050 target is crucial to ensuring we all play our part in limiting global temperature rises. In the short term it will mean new regulations and raised operating costs for businesses already dealing with political uncertainty, increased competition, complex supply chains, talent shortages and more. Fortunately, help is available.

 

A utilities solution that’s built for you

Rethinking utilities consumption is one way in which businesses can contribute towards climate action while also protecting the bottom line. Measures taken to reduce carbon emissions, cut waste and help balance our power grid also have the potential to reduce spend, create new revenue and ensure commercial resilience for the future. Here at Inspired Energy, we’ve dedicated ourselves to offering the most complete utilities solution available; building specialist teams to cover the full array of a business’ utilities needs. It’s what makes us the UK’s leading utilities consultant[1] and it means that our clients can use any or all of our electricity, gas and water services to create their own perfect-fit solution, giving them one less thing to worry about.

Here we explain the four elements we’ve built our services around. We believe they are the four key elements of an effective and sustainable utilities strategy.

 

Buy it well

As buying and using utilities becomes more complex, devising a procurement strategy that suits your budget, sustainability goals and risk-appetite can be tricky. Having real-time oversight of the market is helpful, but the true value comes from combining that oversight with access to utilities experts who can help you interpret market data and guide buying decisions. We scan more of the marketplace than any other TPI, to make sure businesses secure the contract terms they want at the best possible price. We also have the expertise to help them shape a buying strategy around their unique needs and can step in to remove the burden of administration wherever needed through our billing, metering and invoice validation services.

 

Use it better

Efficiency can make a big difference to the bottom line, but only if action is meaningful and measurable. Many businesses identify efficiency measures but fail to implement them. Some struggle to get executive buy-in due to lack of data. Others take action but have no easy way to monitor success. These obstacles can be overcome with the right support and technology. Our intuitive software provides user-friendly tools to help raise awareness, monitor ROI and drive better utilities use across every level of a business. This unique technology gives businesses access to the insight they need to cut costs and carbon.

 

Make your own

In an increasingly decentralised system, on-site generation can protect businesses from power outages and the rising costs associated with using the grid. Unfortunately, getting projects off the ground can be difficult. From feasibility studies and securing funding, through to build and management, Inspired Energy works closely with businesses to help them get maximum benefit from making their own energy.

 

Do it right

As our government maps out the route to net zero through new policy and regulation, businesses will need to give extra attention to compliance. Failing to do so could mean costly penalties or reputational damage. With compliance and sustainability credentials becoming so crucial to commercial success, businesses can benefit from help to manage regulatory risk. At Inspired Energy, we deliver peace of mind through accurate and timely reporting for efficiency and carbon reporting schemes like ESOS and SECR. The data gathered can also help to secure investment in efficiency upgrades to reduce consumption, cost and emissions.

 

Built for all sectors

Our business has been built for clients in all sectors and for businesses just like yours. With our own adaptable software and carefully selected teams of utilities experts covering everything from procurement and cost management through to innovative R&D, we’ve got the scale and experience to support you, whatever the future holds.

Discover what we could do for your business at inspiredenergy.co.uk/builtforyou

 

[1] Inspired Energy rated number one UK TPI in I&C Index in the independent Cornwall Insight report 2018, https://www.cornwall-insight.com/