Pulse Business Energy, part of the Arrow Group, is delighted to announce that it has been named a winner for the Energy Buying Team of the Year at the Energy Awards 2017.
The Energy Awards are the benchmark for quality in the energy business, celebrating innovation and best practice across the industry. The Energy Buying Team of the Year award has been introduced to emphasise the importance of teamwork in the procurement of energy. The Energy Buying Team of the Year recognises a company's ability to devise and implement a purchasing strategy that manages energy prices in a controllable manner while achieving below budget costs for gas and electricity procurement.
Pulse Business Energy is leading innovation and practices in the energy sector, previously winning the Energy Buying Team of the Year award in 2015 and the Innovation of the Year award in 2016 with its revolutionary, Pulse Online Database business platform (POD).
This year’s award has been won in partnership with the Nottingham Express Transit (NET), which consists of a 32km long tram network servicing the city of Nottingham. Prior to involving Pulse Business Energy (PBE), NET fixed the price of electricity for three years at a time. Pulse devised a three-year procurement strategy that could be modified to reflect changes in the market and NET’s requirements.
The strategy was so successful that it saved NET £1,198,340 between 2015-2018 against the price available to fix in November 2013. The lower tram costs made NET more attractive to commuters and the increased tram usage provided several environmental benefits, like improving the city air quality and reducing congestion and traffic in the city centre.
This award is a substantial milestone in Pulse’s business strategy following the acquisition in early 2017 by the Arrow Group. Ben Dhesi, managing director of Pulse commented: “We are especially pleased to accept this award as an acknowledgment of our commitment to the Pulse customers and our desire to offer market-leading energy and water solutions.”
More information about the awards can be found here.