BFY Group

🌳 A materiality assessment should be the first step in every ESG journey 👇 These five steps help you to prioritise the most impactful ESG topics, unique to your business, while creating value and attracting investment Angela Tooley explores materiality further in our latest blog, covering: - The expectations of investors in today's market, and how you can adapt - Common oversights in the ESG journey that hinder value creation - Peer benchmarking, and its role in delivering a successful ESG roadmap Read more: https://lnkd.in/gAfs7NCc #ESG #PrivateEquity

We're delighted to be recognised as one of the Top Consulting Firms in the UK for 2024 by Consultancy.uk! We achieved a Gold rating in both Energy and Utilities, further strengthening our position as industry leaders. It's another exciting milestone on our journey as a growing firm, after featuring in the Financial Times' Leading Management Consultants list earlier this year. A huge thank you to our clients for partnering with us - we're proud to support you in achieving exceptional results. #Energy #Utilities #TopConsultingFirms2024

📉 With wholesale costs and customer bills falling, standing charges now make up 29% of a low consumer's energy bill 👇 But this looks set to change in the long-term, as Ofgem considers moving costs to the unit rate to support low consumers It's one of the many areas Ofgem is currently reviewing - some could materially influence how future Price Caps are calculated. Our latest insight considers the impact of potential changes to the benchmarking of core operating costs, along with evolving the Price Cap to accommodate changes like Market Wide Half-Hourly Settlements. Click below for the full insight from Tom Bromwich, Matt Turner and John de Bono. Read more: https://lnkd.in/enQBDWxG #PriceCap #Energy #Utilities

We're really excited to announce three new promotions in the BFY Group team! Congratulations to Kevin Brown, Matt Turner and Lauren McCullough, who've each been promoted to Senior Manager. Kev, Matt and Lauren joined BFY back in 2022 at our Senior Consultant grade, since progressing to Manager, and now again to Senior Manager. Their impact on both clients and colleagues has been exceptional throughout their time with us, and we're excited to see how their development continues in the future. Congratulations! #Energy #Utilities #FinancialServices #UKBestWorkplaces

📉 Ofgem today announced a third consecutive reduction in the headline Price Cap, falling by £122 (7%) to £1,568 from July. 👇 Key points from our analysis...   🔽 Customers can expect a 10% drop in bills based on our demand-weighted projections, but the headline Price Cap will rise again   💳 There's more stability for Direct Debit Adequacy calculations as the market becomes flatter   🔄 Ofgem's review of allowances could materially impact future Price Caps July's Price Cap will help to bring much needed stability to the market, but suppliers need to think about the potential long-term impact of Ofgem's review into allowances, which could drive a significant change in future Price Caps. Click below for the full insight from Tom Bromwich, Matt Turner, and John de Bono. #PriceCap #Energy #Utilities

🎉 BFY is one of the UK's Best Workplaces for... Development! 🏆 We're proud to be featured in the Top 100 of all Small Organisations by Great Place To Work UK, recognising our commitment to furthering our team, and promoting one of our core values - 'Ambitious' In our latest employee engagement survey, 100% of our team agreed with the statement: "I'm offered training or development to further myself professionally." One thing that helps to make this possible is our Career Development Framework. By being transparent on the skills and capabilities required to progress at BFY, our team can focus on the L&D areas that will drive the greatest impact on their personal and professional development. Our 'Working at BFY' blog series covers this in more detail, showing how the CDF is helping our people to accelerate their progression. Read more: https://lnkd.in/egwJDe4G #UKBestWorkplaces #GreatPlaceToWork #WorkingAtBFY

💬 "The most fundamental market change since competition opened" 🎙 BFY's Edward Breslin joined James Hill on the Flexys Solutions podcast recently, looking ahead at what the future holds for the Utilities sector. Ed and James discussed: 🗓 The biggest challenges facing energy and water suppliers over the next 12 months - including the impact of a fundamental shift in the market ☔ How suppliers can support customers as the cost of living crisis continues - and why this is improving outcomes for our clients Listen by clicking the link below. #Energy #Water #Utilities

📊 Heat pump efficiency drives cheaper energy bills, but costs per kWh are higher after the switch 🔁 Our analysis demonstrates the real cost of changing from a gas boiler to an air source heat pump, showing: - Why heat pump costs may outweigh savings on bills for some customers - How much bills can vary based on the efficiency of a heat pump - Why proposed incentives could increase pressure on vulnerable households Get the full insight from Matt Turner and John de Bono below. #Energy #Utilities #EnergyTransition

⚡ Suppliers can realise the potential of dynamic pricing with customer clarity 💭 Innovation is set to continue in the energy market, but the focus needs to be on building a deep understanding of customer segments, to unlock the full benefits. Our latest insight explores the opportunity: 🌟 𝗛𝗼𝘄 𝗺𝘂𝗰𝗵 𝗰𝗮𝗻 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿𝘀 𝗿𝗲𝗮𝗹𝗹𝘆 𝘀𝗮𝘃𝗲? Early dynamic tariff examples show us how much the typical customer is likely to save vs. the price cap. 💭 𝗪𝗵𝘆 𝗶𝘀 𝗰𝘂𝘀𝘁𝗼𝗺𝗲𝗿 𝗲𝗻𝗴𝗮𝗴𝗲𝗺𝗲𝗻𝘁 𝗹𝗼𝘄? Five reasons are contributing to low engagement, but suppliers have opportunities to change the landscape. 🎯 𝗪𝗵𝗮𝘁'𝘀 𝗻𝗲𝗲𝗱𝗲𝗱 𝘁𝗼 𝗮𝗰𝗵𝗶𝗲𝘃𝗲 𝗴𝗿𝗲𝗮𝘁𝗲𝗿 𝗰𝗹𝗮𝗿𝗶𝘁𝘆? We look at the actions suppliers should be prioritising to build a deeper understanding of customer circumstances. Click below for the full insight from Tom Bromwich, Matt Turner, Charlotte Warman and John de Bono. #Energy #Utilities

We’re thrilled to announce that Kevin Scott has joined BFY Group as Director. Kevin brings exceptional experience to the team, having delivered large-scale operational change at the largest UK retailers, across over 20 years in Utilities. Kevin will share transformation expertise with our clients, leading engagements to help navigate large-scale events and market challenges, while maintaining a  balance between customer experience and cost to serve. Our Managing Partner, Ian Barker, said: “Kevin’s background of delivering large-scale transformation in the energy industry is second to none. We’re delighted to have Kevin join the team at BFY - it’s a huge win for us and our clients." #Energy #Water #Utilities #FinancialServices