If you live in a house, ensuring you are getting a good deal from your energy supplier is simple if you can be bothered to shop around. But for flat owners and tenants, it’s not so easy. Energy in a bock of flats is a bulk-buy with one contract for the whole building, negotiated and monitored by the Property Manager. So leaseholders and tenants have less control over their energy supply.
We are conscious that this can be a worry for residents, who are not always convinced they are getting the best deal. So to put their minds at rest, at Ringley we’ve developed a new algorithm to put energy bills to the test. We already have a rigorous set of checks and balances that we apply to our energy contracts to ensure we are getting best value for our customers. Our new algorithm is simply a way of helping us to get it right first time.
So how does it work?
Basically, we can now take all the information from utility providers and stress-test some of the pain points that sometimes mean energy companies get their charges wrong. These include checking:
The new algorithm takes this information and creates a ‘notional bill’ which is data tested before utility bills are authorised. If customers would like to receive the original bill from their utility provider, a link on their notional bill will direct them to contact their provider, who will download it for them. In our opinion utility providers sometimes over-estimate monthly payments, where meter reads are not taken or applied incorrectly. The rollout of smart meters will help improve the accuracy of all billing, so clients only pay for their actual usage. In the meantime, it’s clear the utility sector has its problems, so we hope the new service makes it easier for our customers to navigate the market.
Mary-Anne Bowring FIRPM FRICS FARLA FCABE Founder/Head of Asset Management
Strategic partnerships, holistic delivery/ opportunities, growth, value engineering, thought leadership
Ian Barber MD BTR Mobilisation & Leasing
Runs HQ & site lease-up teams. Drives rent pricing, mobilisation, marketing, happy residents!
Jon Curtis MRICS Head of Building Engineering
Chartered Building Surveyor. Lectures on EWS1 & building safety. Runs CapEx programmes.
Kate Robinson MIRPM MD Blocks/FM Management (London Region)
Master plan setup, ops and staffing and resident engagement. ISO45001 champion.
Lee Harle Partner Ringley Law
Plot conveyancing. Debt litigation. Group Company Secretary.
Anthony Kingdon MIRPM AssocRICS MD Blocks/FM Management (North Region)
Stakeholder engagement. Mixed tenure specialist. Budget management. Plant audit, PPM compliance.
Chris Georgalis MRICS Head of Commercial Valuation
Chartered Valuer. Rental valuations: retail, leisure. IRR modelling and valuations for secured lending. Compulsory purchase & rent reviews
Nichola Pughe MRICS Head of Residential Valuation
Chartered Valuer. Rental development & mixed use valuations, IRR modelling. Leasehold enfranchisement specialist
Libby Chen MSc Compliance Manager
Operational Plant & Equipment strategy PPM Compliance lead, Asset tagging Client major projects
Dipesh Parekh Director PlanetRent
Customer centric, vertically integrated PropTech/fin-tech solutions.
Leana Aristodemou MIRPM MARLA AssocRICS Strategic lead: ESG & Asset Business Plan delivery
Financial modelling, valuation analyst to support underwriting & fund reporting.
Natalie Birmingham Helpdesk Support Manager
Trainer & Helpdesk Manager: people, systems,contractors. ISO45001 supply chain accreditation.
Steve Norman Planning Director
Land due diligence (opportunities & constraints) Has contributed to a number of award winning schemes.