“Since signing up to BIU’s procurement service, we have not only achieved substantial savings, we have also achieved budget certainty in a financial climate where nothing is certain. We find BIU’s approach to flexible procurement provides control, particularly the communication regarding their live market price tracking. This is of great importance as internal resources cannot spend all their time looking at energy trading screens, therefore knowing BIU’s experts are watching offers a great deal of reassurance.”
Ian Kellett, Finance Director
RESULT: With 245 locations across the UK, spending £4.1 million per annum on electricity and £790k per annum on gas, Pets at Home appointed BIU to maximise control over its expenditure. In the first year, BIU developed a fixed procurement strategy which enabled BIU to “lock in” prices by purchasing in line with market price fluctuations. This resulted in a saving of £480k against the previous year’s fixed price contract. BIU has since developed a flexible procurement model for both electricity and gas which has resulted in circa £700k savings to-date.