Optimizing Energy Procurement for Carters Tyre Group

Liam Morgan • May 6, 2024

Client Overview:

Carters Tyre Group, a prominent player in the automotive industry with 29 sites across New Zealand, enlisted our services in mid-2023 to optimize their energy management strategies and reduce operational costs.

Challenges:

Prior to our engagement, Carters Tyre Group encountered several challenges in their energy procurement and billing processes. They sought to optimize energy costs across their extensive network of sites and address discrepancies in billing for closed facilities.

Solutions Implemented:

Procurement Optimization for Non-Time of Use Sites:

Leveraging our expertise in energy procurement, we facilitated immediate savings of 9.5% during the initial procurement stage for 27 non-Time of Use sites in the middle of the previous year. By analyzing market dynamics and negotiating favorable terms, we secured cost-effective supply arrangements for Carters Tyre Group.

Billing Streamlining for Closed Sites:

We identified and streamlined billing for sites that were closed but still receiving invoices under Carters Tyre Group. By liaising with the existing provider, we organized refunds for erroneously billed periods, ensuring accurate billing aligned with the company's operational footprint.

Procurement for Time of Use Sites:

Recognizing the opportunity for cost optimization, we procured supply for 2 Time of Use sites with supply commencing in September 2024. Through proactive procurement strategies and capitalizing on temporary drops in the wholesale market price, we achieved significant savings of 20% for these sites.

Outcomes:

Our interventions yielded tangible benefits for Carters Tyre Group:

Substantial savings achieved through optimized procurement processes for non-Time of Use sites.
Resolution of billing discrepancies and refunds for closed facilities, enhancing financial accuracy.
Procurement of supply for Time of Use sites resulting in significant cost reductions leveraging market fluctuations.

Conclusion:

Our partnership with Carters Tyre Group exemplifies our commitment to delivering tailored energy management solutions that drive efficiency and cost savings. By leveraging our industry expertise and proactive procurement strategies, we were able to optimize energy procurement, streamline billing processes, and secure significant cost reductions across the client's network of sites. As we continue to collaborate, we remain dedicated to supporting Carters Tyre Group in achieving their energy management objectives and enhancing their operational performance.