Debenhams signs £3m deal with Gazprom Energy

British retail giant Debenhams has signed a three-year contract with Gazprom Energy for the supply and management of gas to 150 of its UK stores. The deal marks the 10th anniversary of Gazprom Energy being Debenhams’ chosen gas supplier. 

Debenhams selected Gazprom Energy for its new contract following a re-tender in which it scored highly on customer service, substantial knowledge of the market and proven understanding and management of the business’ energy portfolio. Debenhams will also have access to Gazprom Energy’s strategic energy management platform – InSight - allowing the business to monitor real time gas market prices, signals and trends, helping it to trade accurately and save money. 

Gazprom Energy will also provide the retailer with artificial intelligence (AI) based analysis software. This technology will continually monitor Debenhams’ energy consumption, notifying if any issues arise and identify any waste.  

Debenhams was one of Gazprom Energy’s first retail customers. Since the relationship began, Gazprom Energy has supplied gas and electricity to many other leading high street brands. 

Andrew Houckham, Energy and Water Manager at Debenhams commented: “We have a large number of sites across the UK which results in a complex energy portfolio to manage. It’s vital for us to have a gas supplier that can give us a clear view of what is happening within the market to allow us to plan far in advance to meet budgetary requirements and provide the relevant information to different teams within the business.

“The InSight platform is very easy to navigate and provides us with the ability to try out different energy purchasing scenarios, allowing us to be more proactive with our energy decisions. The tool also enables us to understand our gas consumption in greater detail and being able to monitor the market ensures we’re getting the best possible deal.” 

Stuart Taylor, Head of UK Sales, at Gazprom Energy concluded: “Today we work with a number of large multi-site retailers and we understand how complex managing large energy portfolios can be for them. Through our flexible gas contract and real time market information Debenhams can access the relevant information needed to mitigate energy risk across the business.” 

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