Boom as energy firm hits billion

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A SMALL energy procurement firm has grown into an industry giant – and last year procured £1.2 billion worth of power for UK businesses.

Inenco helped top blue chip companies to bring down their bills, according to new figures released by the St Annes-based firm.

The figure means that the St Andrews Road North company has bought and managed the delivery of 6.47 per cent of all electricity provided to Britain’s industrial and commercial market.

Inenco’s portfolio of high-profile clients includes a number of the UK’s biggest companies, such as Marks & Spencer, Bhs, Kellogg’s, McVities, Jurys Hotels and The Spirit Group.

It is now celebrating its second major national award within a month after being voted the UK’s Energy Broker of the Year at the inaugural National Energy Awards (NEA).

Inenco managing director Michael Abbott, said: “We are delighted to win ‘Energy Broker of the Year’ as it consolidates our position as the UK’s most successful energy broker.

“We also recently won ‘Energy Consultant of the Year’ for the second year in a row and are very proud of our achievements.”

The award – at a glittering ceremony in London attended by 300 of the energy industry’s key players – came on a night when Inenco was also a finalist in the Risk Management Product of the Year category.

The firm’s results have helped it double its workforce in the past five years, with 300 staff now on the payroll.

Tim McManan-Smith, editor of Water Energy & Environment, which organised the NEA awards, said: “This year’s winners and finalists are demonstrating that they are leading the way in the energy industry.”

Karen Trepte, Inenco’s commercial director, added: “The award recognises our success in buying energy effectively and getting a competitive price for our customers.

“Keeping control of energy costs has been vital to them at a time of continued economic uncertainty and volatile energy prices.

“Both of these awards highlight the level of specialist expertise within our energy trading team.”