TEC’s Framework – which enables universities and colleges to collaborate to unlock savings and efficiencies – has been singled out for praise in a leading higher education sector report.
The UUK report ‘Towards a new era of collaboration’ calls for a much greater focus on how universities across the UK can work together, share services and assets, and collaborate in the national interest.
The report, created by the UUK Transformation and Efficiency Taskforce, identifies seven opportunities open to the university sector: pursuing innovative collaborative structures; sharing more services and infrastructure, using economies of scale and sector buying power; supporting digital transformation; adopting a common approach to assessing efficiency and benchmarking costs; evolving leadership and governance; and creating the right policy and regulatory environment.
TEC’s flexible energy buying programme, that spreads multiple purchases across wholesale commodity markets, is highlighted for helping the sector to cut energy costs. TEC’s growing role in supporting institutions with energy reduction and decarbonisation is also referenced in the publication.
During the financial year 2023/24, for every £1 members spent through the TEC Energy Frameworks, they were able to demonstrate a saving of £11 on average.
Adam Clarke, TEC’s Managing Director, said: “We are delighted that TEC’s collaborative approach, which helps members to reduce energy demand and spend, is showcased in the report. We believe that TEC’s Frameworks are an excellent model of efficiency and collaboration with 75% of the sector coming together to use its group buying power to extract additional value from utility supply.
“In partnership with our Framework partners we are introducing new services to support institutions to address behavioural and ‘estate side’ energy management. Through the deployment of on-site energy and energy efficiency measures we will further help members to reduce energy costs, consumption and carbon.”
Read full report here – Transformation and Efficiency-Towards a new era of collaboration
