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Case Study
Sector: Hospitality
Annual Energy Consumption: 7 GWh Annual Energy Spend: €2.7 million Contract Type: Flexible-Risk Managed Yearly Savings Achieved: €111,974
About the Client
Tifco Hotel Group is Ireland’s number one choice for Conferences, Meetings and Events offering a comprehensive selection of size, scale and choice in venues and can cater for every conference or event scenario, accommodating from 2 to 1,800 delegates.
The Challenge
Tifco Hotel Group was looking for an independent consultant who had strong established relationships with the various suppliers in Ireland and who could recommend a product to suit the specific requirements of the hotel industry.
Having always had fixed price contracts, the group also sought to gain comfort in changing to a flexible product by dealing with a company that was an expert in the field of risk management and basket procurement.
    “Tifco engaged HEG to assist with energy procurement and contract placement for hotels under our remit. The result of the exercise has seen a six figure cost benefit on the combined electricity and gas portfolio, which also introduced the group to a fully risk managed product”
The Solution
HEG negotiated contracts with the hotel group’s energy supplier and saved Tifco €111,974 or 4.2% on annual spend.
By risk managing the portfolio as well, HEG projects further savings of €178,066.28 over the period of the supply contracts on natural gas and electricity which equates to a further 3.5%.
For more information on
Basketed Procurement & Risk Management, Phone + 353 (0) 21 23 55 777
Page10 Email:[email protected]

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