Inspired Regulatory News (INSE)

21 March 2019

Inspired Energy plc

("Inspired Energy" or the "Group")

Parliamentary Review Features Inspired Energy

Challenging energy cost volatility for UK Business

Inspired Energy (AIM: INSE), a leading UK energy procurement consultant to UK and Irish corporates is delighted to feature in the 2018 UK Parliamentary Review, a series of independent publications, which aim to share best practice among policy makers and business leaders.

The Parliamentary Review's March launch brings together the most creative and inspiring voices across business, industry, education and the public sector to share insight, encourage best practice and help organisations confront the challenges of an ever-changing political landscape. Co-chaired by Lord Blunkett and Lord Pickles, The Review features commentary from senior politicians including the Prime Minister.

As one of the UK's largest energy advisers, Inspired Energy works with private and public sector organisations to reduce their energy costs and usage. CEO Mark Dickinson tells the Parliamentary Review how it supports 2,000 business in managing their energy costs, allowing them to focus on running a successful business.

Importantly, he highlighted that amongst UK business input costs, that of energy is ever present as among the highest and most volatile, often severely challenging the ultimate profitability of a business: "Across the mainland UK and Ireland, we help 2,000 clients with over 100,000 retail, commercial and manufacturing premises. Collectively they spend £2.5 billion on energy each year. Failure to manage these costs jeopardises profits and competitive edge. This is where our team of industry experts help to significantly mitigate that risk."

He goes on to say that energy cost volatility should be recognised more readily, "Energy costs frequently rise by 50 per cent. They soared by over 100 per cent in a single year twice between 2005 and 2008, and by 50 per cent on three occasions within a single year between 2011 and 2018."

The article outlines some of the surprising statistics that energy buying can impact on your business and highlights some key areas to focus on, which enabled Inspired Energy to deliver over £100 million worth of historical revenue recovery to its clients over the past 18 months. To find out more please take a look at the article:

 https://www.theparliamentaryreview.co.uk/organisations/inspired-energy-plc

In anticipation of the release of The Parliamentary Review 2018, David Curry, its chief editor has commented that organisations from across the country would be "well advised to keep an eye on representatives on this year's Review" promising one the most insightful documents to date.

CEO of TechUK, Julian David, joins the Prime Minister in introducing this year's crop of business leaders. Writing in The Review, the Prime Minister stated that "British politics provides ample material for analysis in the pages of The Parliamentary Review."

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Notes to editor

Inspired Energy was established in 2000 and provides expert consultancy on the negotiation of energy contracts, offering a range of services to its clients through the life of each contract including market analysis, bureau services and management services with the primary aim of reducing costs for its clients.

In 2018 Inspired Energy was ranked in first place in the Cornwall Insight I&C TPI index rankings out of 111 TPI's shortlisted, reaffirming the Group's position as a market leader. This independent report is based on the opinions of business energy suppliers which reinforces to the Group's strong positioning within the TPI market and that its development and growth strategy is well received. This market leading position has been further strengthened by the five acquisitions completed in 2018.

The Parliamentary Review - Chaired by Lord Pickles, former Conservative Communities Secretary, and Lord Blunkett, former Labour Home Secretary, The Parliamentary Review is a series of independent publications, which aims to share best practice among policy makers and business leaders.

Each of its editions focuses on a key governmental policy area, with a variety of organisations sharing personal insight alongside cabinet ministers, government agencies, associations and trade bodies.

By combining commentaries from award-winning journalists with innovative thinking from industry experts, The Parliamentary Review provides a comprehensive summary of the past year and a reliable template for the year to come.