TEC’s 2024 Annual Report

TEC’s 2024 Annual Report

TEC’s 2024 Annual Report outlines a landmark year of growth and collaboration  

2024 marked TEC’s 30th anniversary reflecting three decades of sharing success, opportunities and challenges within our membership.  

Our Annual Report  showcases our year in numbers, the benefits of TEC membership and perspectives from our Chair, Managing Director, and Senior Leadership team. The report includes member case studies, updates from our Framework partners, and insights from our Carbon Reduction solutions team. 

The report highlights notable successes in 2024 including:  

• Continuing to provide members with transparency, low costs, and the confidence of wholesale cost budget certainty through TEC’s flexible buying programme.  

• Strengthening risk management and systems through the introduction of a fully supported Energy Trading and Risk Management (ETRM) system. 

• Leveraging AI technology to improve forecasting accuracy and gas profile management with our partner kWIQly. 

• Developing and procuring new Gas, Power, and Water Frameworks. 

• Launching our new Carbon Reduction Solutions services; providing outreach, guidance and supporting collaboration across the membership. 

Adam Clarke, Managing Director of TEC, said: “We want to thank our Members, Framework Partners and our Board for their continued support and collaboration throughout 2024. Looking ahead, we remain committed to innovation, growth and sustainability with a focus on delivering financial and strategic value and supporting Members on their decarbonisation journeys.”