Prepare Early for Energy Procurement: Why Schools Must Act Now
As energy prices continue to rise, schools face increasing pressure to manage their budgets more effectively. With each 1p increase in energy costs translating to an additional £14,000 in annual expenses for a typical school consuming 600,000 kWh of electricity and 800,000 kWh of gas, proactive energy procurement is no longer optional—it’s essential.
The Cost of Rising Energy Prices
Rising energy costs are a significant concern for schools, and the financial impact can be enormous. Many schools across the country are already feeling the pinch and waiting until later in the academic year to lock in energy rates could leave your school vulnerable to even higher costs. For schools operating under tight budget constraints, even a slight price increase can strain resources that could be better spent on education.
Timing is Everything
Securing energy contracts early is one of the smartest ways for schools to manage rising costs. While delaying procurement may seem like an easy option, it carries significant risks. Energy prices are highly volatile, with wholesale costs often fluctuating throughout the year due to market forces. By locking in a contract as soon as possible, your school can provide budget certainty, allowing you to forecast your monthly energy bills with confidence.
For example, the 2buy2 Energy market reports show clear trends that indicate rising wholesale energy prices. This highlights the importance of finalising energy procurement decisions sooner rather than later. Acting quickly can make the difference between securing a favourable contract and being stuck with significantly higher rates.
Real Savings: A Case Study
Schools that take a proactive approach to energy procurement can unlock significant savings. A great example is Turton High School, which transitioned from a basket energy agreement to a tailored energy solution. This strategic move resulted in an impressive saving of £150,000. Such success stories underline how critical it is for schools to explore their energy options and make informed decisions early in the year.
Act Now: Secure Your School’s Energy Future
With energy prices fluctuating and the risk of continued rises, schools must take control of their energy procurement sooner rather than later. Don’t wait until it’s too late—request an energy health check from us or quote to lock in favourable rates. By acting early, you can avoid paying more for energy later in the year and ensure your school’s budget remains manageable.
Get ahead of the game—contact us today to secure the best energy rates for your school.
