Savings from energy reduction initiatives can sometimes be counteracted by charges incurred for breaching Volume Tolerance limits. This can occur when changes in energy consumption, including significant reductions in energy use, are not fed into consumption forecasts at the purchasing stage.
Therefore, plans to reduce consumption should be taken into account when purchasing energy. For larger businesses, this can prove a challenge, as energy management and procurement are often handled separately.
Combining expertise in helping businesses manage energy risk through flexible supply contracts and reduce consumption through energy efficiency, npower is committed to helping organisations take a co-ordinated approach, ensuring purchasing decisions take into account future reductions in energy consumption.
To help businesses achieve this, npower offers encompass, an online service incorporating two features to help manage forecasting. A ‘project tracker’ feature allows tracking of energy reduction achieved, while a Volume Tolerance feature highlights when businesses are likely to breach limits, enabling them to take action to prevent this.
The service is led by a team of analysts delivering reports based on real-time data, which can be shared with managers across the business. This helps organisations develop an integrated approach to energy needs and ultimately, increase purchasing accuracy.
To find out more, visit www.npower.com/large-business