Sharing insights on the challenges facing Large Energy Users
Baringa Partners hosted a breakfast roundtable discussion on 27th July 2017, attended by a group of thirteen multi-national Large Energy Users (LEUs) from a range of sectors, including energy infrastructure, fast moving consumer goods and media.
Baringa’s Ilesh Patel, Jon Roberts, Stefan Gebski and Paul Stewart share their reflections on the discussion.
The Challenge: Rising costs, resilience, ambitious decarbonisation targets and asset management
A survey conducted at the event established that annual energy spend totalled over a massive £1.2Bn across the attendees. Energy consumption is a key driver of this spend, and most of the attendees expected this to rise in the coming year – with over half expecting the rise to be significant. Some LEUs felt that their organisation had a robust understanding of the current energy consumption as well as the forecast going forwards, supported by good data. Others, however, find this harder – particularly those organisations that are rapidly expanding