LGE has been working with a leading manufacturer of PVC-UE fascia soffit products, gutter systems, external cladding & interior panelling systems for the building industry since 2020. The manufacturer operates across much of Europe and LGE has helped provide comprehensive energy procurement services, bureau services and legislative compliance to help achieve their energy goals.
Procurement & Risk Management:
- Formation and implementation of a bespoke risk management strategy, designed to protect budget and retain the ability to improve price in line with market movements.
- Proactive hedging in early 2021, when prices were low, ensured that the manufacturer were well positioned and avoided price highs, achieving savings of £1,400,000 over the duration of the contract.
- Complete transparency on all aspects of delivered cost, optimised prices, budget protection and long-term risk management with year-on-year protection against market increases.
Bureau Services:
- Regular evaluation of usage and costs to ensure that they align with contracted rates and metered data.
- Access to LGE’s Bureau Team who validate all invoices after initial checks on LGE’s database and assist with any queries on invoices, ensuring all relevant refunds are obtained.
- Production of position reports to provide regular viewing of hedged positions, trading activity and wholesale prices.
- Production of cost projection reports to provide a detailed view of costs on a monthly and site-by-site basis, assisting with budget setting.
Climate Change Agreement (CCA) Management:
- Full service provision for CCA compliance, including data collection & monitoring, reporting CCA performance against targets, liaising with sector association, assistance with forecasts and calculate of potential carbon buy-out.
- Successfully obtained discounted Climate Change Levy rate by improving energy efficiency and ensuring carbon reduction targets were met, avoiding costs of £199,000.
- Provided reputational benefits of having a robust carbon statement, an improvement strategy dedicated toward carbon reduction and ability to implement energy savings solutions which improve cost.
