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Case Study

St Paul's Cathedral uses green energy for sustainability

St Paul's Cathedral

  • Green energy brokerage
  • Yearly electricity consumption - £190,000
  • Fixed 3 year contract

The Client

Green energy in action. For more than 1,400 years, a Cathedral dedicated to St Paul has stood at the highest point in the City.

Frequently at the centre of national events, traditions have been observed here and radical new ideas have found expression under the iconic dome. In many cases these events have left some physical record as well as echoes in the intangible memory of the building.

The present Cathedral, the masterpiece of Britain’s most famous architect Sir Christopher Wren, is at least the fourth to have stood on the site. It was built between 1675 and 1710, after its predecessor was destroyed in the Great Fire of London, and services began in 1697.

The Challenge

The trend of grid electricity pricing is forecast to be only ever upwards and for a large concern like St Paul’s Cathedral, this means that vital funds generated from donations and visitor fees can’t be spent on maintaining this historic site, or improving the visitor experience. With an annual spend on electricity alone being over £190,000, just a slight percentage difference between providers can save many thousands of pounds.

Nearing the end of their previous energy contract, the Cathedral custodians believed that they were not being offered the best fixed rate deals to protect them from market volatility over the next few years.

They asked IU Energy to investigate the energy market and source the right provider for them, trusting that we would not obscure any of the pass-through charges which can distort the true cost of energy. Additionally, to meet their aims for sustainability the requirement needed to be fulfilled by green energy alone.

The Solution

IU Energy is fully independent of any energy provider, be it electricity or gas. This means we have no vested interest in making any one supplier look good to the detriment of our clients. Our only interest therefore is in securing the most advantageous deals.

Having been established for over 17 years, we have an unrivalled network of energy and renewable energy suppliers with whom we have a track record of dealing. As we are winners of numerous awards, including ‘UK Energy Consultancy, 2018/2019’ in the industry ‘Oscars’, the TELCA Awards, many of these suppliers hold us in high regard, which we use in favour of our clients to get quick answers and the right solutions.

The Results

Having used these extensive relationships in the green energy market, we were able to present several 100% renewable energy options to St Paul’s which were more competitive than their existing broker’s offer and which were fixed for three years.

Additionally, we dealt with all the administration of getting the contract processed with the supplier. St Paul’s can now relax for the next few years, secure in the knowledge that they got the best green electricity deal available in the UK.

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