28 Aug 2013, npower , Energy Risk
Most businesses are aware of the benefits of effective energy management to help meet carbon reduction targets or save money. However, for those with Volume Tolerance clauses within their supply contract, altering energy usage can cause substantial financial penalties for breaching usage limits. Responding to this issue, npower continues to develop its effective monitoring and targeting web-based system, encompass.
Performance against Volume Tolerance clauses, common within flexible purchasing supply contracts, has previously only been visible to customers historically, making it difficult to take corrective action. To overcome this, encompass now incorporates daily reports, accessible anywhere, anytime, showing customers their exact consumption position against their supply Volume Tolerances. This enables businesses to adjust usage accordingly, to avoid unnecessary charges. The return on investment can easily be seen, as the cost of a breach can be significant and run into tens of thousands of pounds.
By combining energy management and energy supply contracts, this value-added service, managed by npower’s team of expert analysts, also enables businesses to adapt future purchasing decisions to reflect their energy use. The encompass team works with customers to help manage their exposure to risk by forecasting future demands based on timely data and managing their energy transactions, as well as supporting wider energy management strategies.
To find out how to take a proactive approach to energy management and procurement with encompass, or to learn more about Volume Tolerance reporting, visit www.npower.com/large-business.