NATS lands £1.7m saving thanks to Bergen Energi UK
Bergen Energi UK has saved leading air navigation services provider NATS more than £1.5m thanks to a hugely successful electricity procurement strategy. The independent energy brokers supported NATS with its energy supplier tender negotiations and created a bespoke risk-management solution to combat volatility in wholesale electricity prices. Bergen Energi UK has developed a robust hedging strategy and portfolio management scheme – these best-practice plans delivered excellent portfolio performance and Bergen Energi UK’s forward buying and price optimisation saved NATS around £1.7m. Bergen Energi UK Vice President Richard Southgate said: “The savings delivered for NATS are a terrific achievement, particularly given the volatile nature of the electricity market. “Our assistance with their energy tender allowed NATS to secure the best possible supply contract product and terms which provide us with the flexibility to buy electricity in non consecutive tranches. This has led to immediate savings in the market and sets the groundwork for further best-value procurement over the coming years. “The success comes as a result of the wealth of energy experience found within Bergen Energi UK and being able to use our comprehensive and continuous market analyses which allow us to project the direction of prices with confidence.” NATS Head of Facilities Management Sean Allen said: “We have a unique set of energy requirements which Bergen Energi UK analysed and as a result developed a strategy specific to our needs which has been extremely valuable for us. “Bergen Energi UK’s expertise in buying and selling at the optimum time has made the electricity purchasing process much more straightforward for us and resulted in reducing our electricity spend significantly. “We look forward to continuing to benefit from Bergen Energi UK’s support and are hopeful of making further savings thanks to their ability to assess the long-term outlook of the market.” NATS handled 2.2 million flights in 2009, covering the UK and eastern North Atlantic, that carried more than 200 million passengers safely through some of the busiest and most complex airspace in the world. It provides air traffic control services at 15 of the nation's major airports including Heathrow, Gatwick, Stansted, Birmingham, Manchester, Edinburgh and Glasgow. -ENDS- Issued on behalf of Bergen Energi UK by Adessi For more information contact Beth Leonard at Adessi on Tel: +44 (0) 113 256 9999 Fax: +44 (0) 113 256 9989 Email: beth.leonard@adessi.co.uk Notes to Editors: • Bergen Energi UK based in Leeds, West Yorkshire, is one of the UK’s leading energy service providers. Established in 2002 it offers innovative, bespoke energy solutions for business end users in the UK and Europe. • The company’s key services include energy procurement, brokerage, risk management, consultancy and data and invoice management. • Bergen Energi UK’s proven track record in the tendering and portfolio management of electricity, gas, CO2, brokerage and administrative services has gained it a reputation as a trusted independent energy partner. • Bergen Energi UK works with some of the UK's largest energy end users over a broad range of industry and commerce, public authorities and large international groups. • Bergen Energi UK is one of Bergen Energi’s nine European offices. As a group the company employs more than 160 energy specialists in the UK, Norway, Sweden, Denmark, Finland, Germany, the Netherlands, France and Italy. It is also active in Spanish, Austrian and Eastern European, Asian and US markets. • Bergen Energi currently has more than 950 clients in the Nordics, Continental Europe and the UK, with an annual energy supply of 85TWh /€7bn. • The company has trading representative on energy exchanges and in the bilateral OTC energy markets and works actively towards a better energy market by working with national and international authorities, regulators and organisations. • To learn more about Bergen Energi please visit: www.bergen-energi.com
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