Auditel Consultant:
Pam & Philip Godwin

How financial directors can regain power over rising raw material costs impacting their organisations’ profits.

17 Jun 2011 | Filed under: Cost Management, Energy, Telecomms, Utilities

The findings of the latest FT and The Economist Business Barometer research come as no surprise: over the coming months leaders foresee the biggest risks to their businesses to be rising costs of oil, commodities prices and interest rates. This prompts greater scrutiny of organisations’ profit margin and higher expectation of financial directors to perform [...]

Industry Tags: Energy, procurement

Backdated utility bills drive small UK firms up the wallgy

13 Jun 2011 | Filed under: Cost Management, Energy, Utilities

How would you feel if you received an energy bill dating back six years because your provider claimed it had undercharged you? That’s the predicament facing thousands of small businesses, according to a campaigning organisation. The Association of Convenience Stores (ACS), which represents more than 33,500 local shops across the UK, wants energy regulator Ofgem [...]

Industry Tags: Backdated Billing, Energy, Ofcom

OFGEM PROPOSES RADICAL OVERHAUL AS SUPPLY COMPANIES FAIL CONSUMERS

22 Mar 2011 | Filed under: Cost Management, Energy, Utilities

Ofgem proposes sweeping away complex and unfair pricing practices Big Six required to auction up to 20 per cent of their electricity generation output Firms risk facing a Competition Commission referral this year if they frustrate reforms Investigation launched into Scottish Power’s standard credit prices Ofgem to appoint independent accountants to improve accounting disclosures Ofgem [...]

Energy savings not a priority for Finance Directors

16 Mar 2011 | Filed under: Cost Management, Energy, Utilities

Four in five Finance Directors ignore 20% cost savings. Just over one in five (23%) financial directors feels able to manage energy costs, with significantly greater numbers confident in managing their staff costs (84%), suppliers (41%) and equipment (37%), according to findings from a survey carried out by British Gas Business. Against a backdrop of [...]

Soaring energy prices cost firm £6000 for 2 week delay in renewing contract

07 Mar 2011 | Filed under: Cost Management, Energy, Utilities

All too often businesses (even with our help) do not understand the importance of acting promptly when renewing supplies. As part of our on-going energy management service for one of our clients we tendered for their electricity contract which was due for renewal. On Feb 14th we asked for a quote for a half hourly [...]