saved on energy expenditure
of renewable electricity contracts with no additional premium
meters under management
eEnergy and Peabody
The Peabody Group first appointed eEnergy as their energy consultants in August 2020, after eEnergy successfully completed a competitive, OJEU compliant, energy broker selection procedure. The initial task allocated to eEnergy was to competitively tender all of Peabody supply contracts, to bring them in line for an October 2020 start date. Despite the quick turnaround times eEnergy were able to process the requirements via our online marketplace.
The Peabody Group is now over 160 years old and has track record in housing provision and community programmes. With the purpose of helping people flourish. The Organisation was set up in response to an era of poor-quality housing and poverty, the founder ‘George Peabody’ served in the Great War and understood the intensity of post-war poverty. This inspired him initiate a change within the society, and Peabody continues this movement today. The organisation is responsible for supporting over 104,000 homes and 220,000 customers across London and Home Counties. They aim to ‘provide great homes and service’ to all of their customers.
Upon evaluating their energy procurement options, Peabody were curious to know what value, services and solutions were available through other OJEU frameworks. Energy procurement and energy management is vital to minimise the upkeep of Peabody’s offices, housing stock, communal lighting, and landlord supplies. Peabody’s tender was complex due to the number of estates and the timing constraints permitted to complete the tender, during one of the COVID lockdowns.
We ensured the tender was 100% renewable electricity contract required better value for the next renewal contracts whilst maximising competition for site level vids. We also made sure it negotiated a bespoke volume tolerance requirements whilst assisting with legacy supplier issues to help with mobilisation.
- Reduced their energy expenditure by £990k against current rates using our online marketplace
- Contracted 4,188 meters across the Peabody portfolio
- Obtained a 100% renewable electricity contracts at no additional premium
- Delivered significant procurement efficiency gains by assessing suppliers tariff elements on a like-for-like basis.
The use of eEnergy’s innovations and their OJEU Dynamic Purchasing System option created more choice and transparency than traditional procurement baskets. We found EEnergy to be very knowledgeable and helpful with resolving historic issues and managing the OJEU procurement process with our procurement team. We are also very pleased with the hands on after-care services they have provided.”Richard Ellis, Asset Director at Peabody