We saved Knight Frank over £1m in energy costs.

eEnergy Partnership with Knight Frank

eEnergy has been working with Knight Frank’s UK energy team to procure electricity and gas for their commercial properties since 2014. Knight Frank manage a large portfolio of commercial buildings on behalf of their clients and appointed eEnergy to deliver competitive energy costs for each building’s tenants.

About Knight Frank

Knight Frank founded in 1896, celebrated their 125th anniversary in 2021. For over a century, Knight Frank has grown into being the leading independent, global real estate consultant providing integrated prime commercial and residential offerings. The organization is known to have many key hubs across the globe. The headquarter is established in London with over 384 offices in 51 territories, providing employment to more than 16,000 professionals and spanning five continents.

Knight Frank continuously highlights that ‘sustainability is a critical topic’, and that the organisation is committed to building the environment and combatting carbon emissions head-on. They have stated that they aim to influence the property sector through their initiatives. Knight Frank has acknowledged their footprint and is actively working towards improving it.

As a responsible business, Knight Frank has been dedicated to working towards conserving energy and other resources, whilst controlling their impact on the environment through reducing waste and creating sustainable office operations.

The challenge

Keeping in mind their various aims and plans, eEnergy worked with Knight Frank to improve the sustainability credentials of their portfolio. Knight Frank is aware the property industry has a large part to play towards to confronting climate change to help preserve the future of the industry.

We have supported them become more environmentally responsible via their energy supply chain so that they can meet their commitment to ‘becoming a greener, more holistic business’. Knight Frank oversees a large portfolio of commercial buildings on behalf of their clients. Due to this, eEnergy was appointed to deliver competitive energy pricing for tenants within each property. The portfolio is considered fluid, changing regularly as investors buy and sell sites.

The solution

Over the course of the partnership with Knight Frank’s UK energy team, eEnergy was able to support through a range of services provided by our team of specialists. During the last 8 years we have deliver competitive energy contracts for in excess of 1,000 meters including  carrying out energy supplier credit checks for each one. We have been able to provide a range of services that has benefited our customers drastically, such as: wholesale energy market intelligence and risk management, energy and carbon reporting, energy cost budgeting and renewable electricity and gas contract negotiation.

The results

• £935,000 saved on energy costs through our online marketplace
• £132,000 per annum saving on suppliers’ management fees
• £122,000 saved from challenging the supplier’s volume assumptions
• eEnergy’s unique online marketplace secured a £54,000 saving for a trophy site being added to the portfolio
• Dedicated team process : 60 site additions or removals per annum and provide Knight Frank with weekly updates
• Five suppliers quoting for the gas and electricity portfolios
• 100% credit check passes for 40 landlords and favourable treatment of future buildings coming into the portfolio
• Onerous clauses removed from the suppliers’ contracts
• Over 100 sites changed supplier on time. 7 sites transferred late and were compensated by their out-going supplier