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How to set relevant energy strategy objectives

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Where to start.

Set the scene with an introduction to your strategy.

What is spurring you into action? Whether that is a newly identified risk to business continuity, spiralling energy costs squeezing margins or a new internal focus for cost efficiency.

Current energy spend and consumption are two key metrics to highlight for improvement from the start.

Start with a mission statement to summarise what you are looking to achieve and in what timeframe.

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Example:

“We want to reduce our energy-related expenditure as much as possible via methods which also reduce our consumption and encourage innovative internal approaches to energy-related processes.”

Setting smart objectives.

As with most strategic objective setting, your energy strategy should distil the effects you hope to have on the Three C’s into SMART objectives.

S

Specific.

M

Measureable.

A

Acheivable.

R

Relevant.

T

Time-bound.

Once you have a mission statement to summarise your plans, assign a maximum of three or four high-level SMART objectives to achieve this mission.

An example of three specifically for the above mission statement example could be:

  • Within Q1, gain board-level sign-off on a renewable energy generation project which achieves at least a 20% reduction in annual energy costs with a targeted payback period of under five years.
  • Reduce the business’ exposure to market volatility over the next three years.
  • Reduce the business energy consumption by 20% or more within two years to maximise the impact of objective 1’s renewable project.
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Frequently Asked Questions

We hope these questions help, if you’re still unsure, please get in touch with us and we can answer your question.

Procure Smart is a dedicated team of switching experts, created to help businesses like yours switch key areas of expenditure to save money.

Procure Smart’s team have been saving businesses money for more than 10 years.  We understand that leaders are under more financial pressure than ever.

As a result, we have created a super-easy process for our experts to gather the necessary information to assess your costs and investigate savings, fast.

Speak to us today for a FREE, no-obligation assessment.

Smarter business switching.

Just like comparison websites, Procure Smart earns commission as a proportion of your spend for each referral we make to a supplier.  For most service types, we will not bill you directly.  More detail can be found in our terms and conditions.

Procure Smart is a distruptor in B2B switching.  We are doing things differently to put more power in the hands of UK businesses and make switching faster, simpler and more transparent.

We will reach out to contact you and establish your needs without pestering you excessively.  From there, we’ll present prices and explain our recommendation.

Our Procurement Solutions Managers are experts at what they do with decades of experience in contract negotiation.

We do much more for customers than simply provide great deals.  From advice on the market to negotiating plans with suppliers, Procure Smart has helped many businesses access contracts who would otherwise have been left on out-of-contract rates.

We’re always pro-actively engaging with suppliers and the market, meaning we can advise on the most advantageous time to switch contracts.

As with most procurement processes, larger purchases can result in improved deals via economy of scale.

However, this can lead to incredible levels of complexity.  That’s where we come in, taking a painful task off your hands and handing it to an expert with access to systems and relationships to accelerate the process.

You can negotiate a new contract no matter the stage of your deal.  New deals can concurrently run automatically following your current contract.

It is important to note that agreed contracts are legally binding and must be honoured.

Switch Savvi is smart enough to handle out-of-contract customers.

The system will set your live date to the earliest possible date with your chosen supplier.  This is usually approximately 5 days from now. 

This is all subject to lock-in confirmation with your chosen supplier.

NOTE: switching suppliers can be blocked by your current supplier even if you’re out of contract in the event that you have unpaid debt on your meter.

The best way to reduce costs is to reduce usage!

We can help you create a holistic energy strategy, which will assess all commercial options, including energy management.

From technology to monitoring to renewable generation, we can help you plot the most efficient way forward.

Not immediately, but soon.

Once your contract has passed our quality checks, it will be sent to the supplier to be “locked-in”.  This process takes less than one business day.  If you have completed your deal on Switch Savvi Mon-Fri, we will contact you within 24 hours with any issues. If it’s a weekend, we will contact you on Monday with any issues

Once a supplier confirms a deal is locked in, Procure Smart’s Quality Team will email you with confirmation.  At this stage you have legally agreed the contract in line with Procure Smart’s terms and conditions.

At this point, you have switched savvi!

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