NUS Consulting Group

Sizable Refund, Savings for Chemicals Manufacturer

Saved 435.000,00ย โ‚ฌ / 135.000,00ย โ‚ฌ Refunded

NUS reduced annual costs and improved the risk exposure for a large chemicals manufacturing company.


Chemical company saves โ‚ฌ435,000 on commodity costs and benefits from a โ‚ฌ135,000 energy tax refund in Italy.

A major multinational chemical manufacturing company engaged NUS Consulting Group to help manage its energy price risk exposure in Italy. After many years of employing a fixed price contracts strategy, the Client, with NUSโ€™s support, decided it was the appropriate time to transition to a risk managed portfolio purchasing approach to their energy (electricity and natural gas) requirement.

The NUS project team undertook a review of the clientโ€™s energy procurement objectives, constraints, procurement governance structure, and performed a series of interviews with key energy stakeholders at the clientโ€™s sites. The outcome was the drafting of Strategic Energy Risk Management Plan (SERMP) document incorporating all of concepts and requirements identified in the pre-planning stage. With the strategy in place, NUSโ€™s Market, Trading & Risk team commenced monitoring market developments and implement the planned set of program initiatives โ€“ i.e., trading triggers and hedge coverage requirements. Over a period of two years, the active portfolio management strategy resulted in the Client realizing savings of โ‚ฌ435.000 across its commodities portfolio.

In addition, NUS, through its knowledge of local Italian energy regulation and legislation, identified a refund opportunity on paid electricity taxes totaling โ‚ฌ130.000. NUS supported the Client undertaking the complex process to claim these taxes both from technical and legal point of view.

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