We have been working closely with a large shopping centre in the Greater London area and over the last couple of years we have secured significant savings through:
On the day the Shopping Centre was sold, we contacted all utility suppliers to update the accounts details, and began to negotiate backdated contracts for the new owners.
Successfully negotiating backdated contracts with both electricity and gas suppliers, savings in excess of £85,000 were achieved for the client over the length of the contract. These savings alone pays for the cost of our fees almost 50 times over!
At Clifford Talbot Partnership, we monitor the wholesale energy market on a daily basis. When the shopping centre was sold, the wholesale market was sat at a 9 year low. Uncertainty around Brexit and lack of energy storage meant prices were predicted to increase, as such we recommended a 24 months duration contract, as opposed to the 12 month standard.
The market price increased considerably over the next year, which would have cost the client a further £12,000 if only a 12 month contract had been arranged.
Vacant Units at shopping centres can become a costly and time consuming nuisance if the utility supplies are not dealt with promptly and efficiently.
We worked with the client to arrange a relationship with a single appointed supplier with an offer of a competitive ‘Void product’. Upon a tenant vacating a unit, any electricity/gas supplies serving the unit are transferred over to the appointed supplier, away from expensive Out of Contract rates.
We also dealt with any disputes regarding handover dates and meter readings, which can often result in excessive duplicate charges on invoices and potential supply disconnections if ignored.
Over the last year alone, we have saved the client over £5,000 and countless hours from our void management service.
In addition to financial benefits we have achieved for the client, we also deliver value through utility management and expert knowledge in the following areas:
In addition to the above, the client also receives all of the other time savings and efficiencies from outsourcing the management of their utility accounts.
Most importantly, however, the shopping centre management can spend their valuable time on improving relationships with their tenants and the local community while safe in the knowledge their utilities will be well managed and proactively monitored.