3 Oct 2012 07:00
RNS REACH
3 October 2012
Utilitywise and CEF launch energy saving partnership
Utilitywise plc, (AIM:UTW), a leading independent utility cost management consultancy which was admitted to AIM on 12 June 2012, is pleased to announce it has teamed up with one of the UK's leading national electrical wholesalers, City Electrical Factors ("CEF"), to launch an energy saving partnership.
This initiative, promoted under the E-value8 brand (www.e-value8.com) will promote Utilitywise's energy saving products and services through CEF's 400 branches nationwide.
The partnership will harness Utilitywise's industry leading energy saving expertise and products with CEF's experience serving the electrical wholesale market for over 60 years.
The Evalue8 service will enable CEF's business customers to receive a free-of-charge energy bill audit from the dedicated E-value8 team based at Utilitywise's Head Office in South Shields, Tyne & Wear.
This will enable the E-value8 team to search the market for the most competitive energy prices. In addition, each client will be able to take advantage of a broad range of energy-saving and energy-management products and services.
E-value8 business customers will be able to monitor their energy use, access Energy Audits and an Energy Health Check which allows businesses to benchmark their energy use against their competitors.
Most of the measures are aimed at identifying wasted energy usage. The onsite energy audit shows ways to reduce energy consumption by on average over 20%. Also by using Utilitywise's Edd:e product, the unique circuit level energy monitoring device, even more wasted energy can be uncovered and controlled.
Once energy saving projects have been identified, the partnership can help with the funding and installation of a range of energy-saving technologies including CEF's own Tamlite range of innovative commercial lighting products.
In addition, dedicated Account Managers can help identify areas where each organisation can consume less energy and therefore save money, now and in the future.
Commenting on the partnership, Geoff Thompson, Chief Executive of Utilitywise said: "The E-value8 partnership will allow us to reach a much broader customer base through CEF's branch network and existing client base and help more clients reduce their energy costs.
"Developing partnerships with respected businesses such as CEF, is a part of Utilitywise's growth plans as the Company continues to expand its offering."
Alan Jackson, Director and General Manager of City Electrical Factors, said: "As one of the leading national electrical wholesale organisations in the UK, City Electrical Factors were particularly keen to secure this exclusive partnership with Utilitywise plc. The E-value8 scheme ensures we are the only electrical wholesaler with the ability to combine our own energy saving products with the unique ability of Utilitywise to negotiate energy savings. In addition, our combined ability to monitor the savings generated by these products means that our clients can benefit now and in the future. This is a proven system which delivers quantifiable savings, property refurbishments and energy efficiency improvements which, in many cases, can be funded via the savings generated.
"The E-value8 partnership allows us to provide market-leading expertise alongside a unique set of energy saving products not available anywhere else in the marketplace"
ENDS
For further information:
Utilitywise PLC 0870 626 0559
Geoff Thompson, CEO
Adam Thompson, COO
Andrew Richardson, CFO
finnCap (NOMAD and broker) 0207 220 0500
Matt Goode / Charlotte Stranner / Henrik Persson (Corporate Finance)
Simon Johnson (Corporate Broking)
Hub Capital Partners Ltd 020 7535 1710
Stephen Bourne
Newgate Threadneedle 020 7653 9850
Josh Royston /John Coles/ Hilary Millar
Notes to Editors
Utilitywise is a leading independent utility cost management consultancy based in South Shields, Tyne and Wear. The company has established trading relationships with a number of major UK energy suppliers and provides services to its customers designed to assist them in achieving better value out of their energy contracts, reduced energy consumption and lower carbon footprint.
Businesses large and small rely on Utilitywise for their energy management needs. Clients range in size from high street shops to multinationals with thousand of sites and cover the whole of the UK. In total, Utilitywise manages over 50,000 energy meters with an overall energy spend of approaching £200 million per annum.
Utilitywise is a UK company quoted on the AIM market of the London Stock Exchange. For more information, please visit www.utilitywise.com