The current Market situation
The rampant energy market over the last 12 months translates into electricity and gas bill increases of over 500% for most schools and academies from the 1st of October 2022.
A recent survey of 121 head teachers conducted by the Times Education Supplement discovered that 77% are considering limiting heating, 29% would resort to cutting down on staff, and a whopping 53% will pause recruitment completely.
Your current procurement process?
At present, it could be that your procurement is done whenever your school gets to the top of the pile, regardless of the market price on that day.
It could be that sitting here today; you still don’t know what your bill will look like!
Who is iM Energy?
iM Energy (based in Hessle, Hull) are a team of local energy procurement professionals and energy market traders who act as a true partner to our clients.
We share our knowledge and expertise with decision makers of local schools, giving them the market forecast information they need to make the best purchasing decisions for their schools in the way they do for all other areas of their budget.
Our strategy is simple; we help you time the renewal on a day when commodity prices are comparatively low and help you decide the contract term by working through the market forecast with you in person.
Are all schools affected?
No.
Academies and some schools no longer have to use a generic council procurement function for their energy contracts. Those that have used a true market expert that considers market forecasts in their procurement strategy have fixed prices for many years at rates 80% less than we are seeing today.
Have iM Energy worked with any other local schools?
Yes. We have a proven track record for over a decade in the education sector and can share what we have done for other schools.
What next?
Don’t hesitate to contact our energy trading expert and Managing Director Adam Franks for a no-obligation meeting to learn what we could do to put the control of your budget back in your hands.