TEC has announced that it will utilise the Energy Risk VuePoint service from VuePoint Solutions to both streamline and better support the flexible purchasing needs of its members.
Commenting on this announcement, Richard Murphy Managing Director at TEC said “TEC’s risk management service has been insourced and refined over recent years and is delivered via a team with over 40 years’ experience of flexible energy purchasing in both public and private sectors. By utilising Energy Risk VuePoint we will be able to build on this expertise and further enhance the service we already offer our members, by better helping them to understand how the TEC flexible portfolio is performing in comparison to target costs or benchmarks.”
Mark Taylor, MD of VuePoint Solutions, provider of Energy Risk VuePoint, said “The VuePoint range of services are designed to enable you to make quicker, better-informed decisions, allowing you to optimise your positions and portfolios and to stay ahead of the competition. The latest version of Energy Risk VuePoint provides even greater flexibility and configurability for users whilst supporting a broader range of the energy procurement needs of Suppliers, TPIs and Major Energy consumers. With this service, TEC are able to build on their industry-leading expertise in the field of flexible energy purchasing by providing their members with an enhanced service. We are delighted that TEC has signed up to Energy Risk VuePoint recognising the business benefits that it will bring them and their members”.
VuePoint Solutions is an energy specialist software and services provider, trusted by some of the industry’s leading names. VuePoint delivers high-quality Software Engineering Consultancy, Enterprise Software Solutions, Bespoke Software Services and Dedicated Support. VuePoint’s services include Market VuePoint, the market leader in UK energy balancing and trading decision support, and Energy Risk VuePoint, a flexible and scalable energy procurement risk management service. VuePoint was founded from the Management Buyout of a Software Engineering and Energy Trading Support company and has continued to build on this heritage to further focus, refine and enhance its services and products and is looking for additional opportunities to both grow organically and through further acquisitions.
The Energy Consortium (Education and Public Sector) Ltd (TEC) was established in 1996, initially under an initial directive by the Association for Universities Directors of Estates (AUDE) to advance the cause of collaborative energy procurement for the tertiary education sector.
TEC are a Contracting Authority owned by its members working primarily in the HE and FE Sector but also support the wider public sector. TEC have a wealth of knowledge in the energy sector with over 100 combined years of industry experience. They deliver services in energy procurement, data reporting and risk and cost management on a not for profit basis.
TECs members have voting rights on both the governance and policy of TEC, and can fully trust in the transparency of the management and that policy decision are taken with the benefit to the membership as a key priority.
For more information about TEC please visit www.tec.ac.uk