Brava Capital Saves €23,043 by Moving from a Wholesale Tracker to Fixed Electricity Rates

Case Study Overview

Brava Capital Ltd operates two accommodation centres in County Sligo, with combined annual electricity consumption of 750,987 kWh.

The business was purchasing its electricity on a wholesale tracker and wanted to review whether this remained the right approach or whether moving to a fixed-price contract would provide better value and greater budget certainty.

Following a full market comparison, Brava Capital decided to move from the wholesale tracker to a 12-month fixed-price contract. The new contracts reduced annual electricity costs by €23,043 while providing certainty over electricity costs for the next 12 months.

Key Highlight: €23,043 annual electricity savings across two locations.

The Challenge: Deciding Whether to Stay on a Wholesale Tracker or Fix Electricity Prices

Brava Capital had been purchasing electricity for its two accommodation centres on a wholesale electricity tracker, meaning its electricity costs varied each month with wholesale energy commodity prices.

With annual electricity consumption of 750,987 kWh, the business wanted to review whether continuing on a tracker remained the right approach or whether moving to a fixed-price contract would offer better value and greater budget certainty.

Brava Capital asked Utilityfair to compare the available tracker and fixed-price options across the market before deciding how to proceed.

How Brava Capital Worked with Utilityfair to Review Its Electricity Purchasing Strategy

Shaun worked closely with Brava Capital to decide whether staying on a wholesale electricity tracker or moving to a fixed-price contract made more sense for the business. He explained the pros and cons of both options, including the opportunity to benefit if wholesale prices fell against the greater budget certainty of a fixed price.

The cost of remaining on a wholesale electricity tracker was then compared side-by-side with the fixed-price options available across all commercial electricity suppliers. This allowed Brava Capital to compare the expected annual costs and savings while also considering the difference in price certainty between the two options.

After reviewing the comparison, Brava Capital decided that a 12-month fixed-price contract was the right approach. The new contracts reduced annual electricity costs by €23,043 and provided certainty over electricity pricing for the next 12 months.

Results: €23,043 in Annual Electricity Savings

• Annual Electricity Savings: Brava Capital reduced annual electricity costs by €23,043 across its two accommodation centres.
• Tracker to Fixed: After comparing both options, Brava Capital moved from a wholesale electricity tracker to a 12-month fixed-price contract.
• Budget Certainty: Fixing the electricity price removed exposure to monthly wholesale price movements and provided certainty over electricity costs for the contract term.
• Contract Management: Utilityfair arranged the new electricity contracts and managed the supplier registration process for both locations.

Are You Looking For a Better Energy Deal?

Call 01 547 0999 or click below to request a free energy review. We’ll review your current energy contracts and show you how much you could save. We’ll show you every supplier’s rates and explain the different contract options, so you can make the right decision for your business. Once you are happy to proceed, we’ll arrange the new contracts for you with no disruption to your business.