Neal & Massy Credit Union (NMCU) faced significant challenges in reducing their electricity expenses while maintaining operational efficiency. Their electricity bill was straining resources, and their reserve capacity with the Trinidad and Tobago Electricity Commission (T&TEC) needed reassessment. NMCU required a reliable partner to manage regulatory compliance, liaise with relevant authorities, and drive the implementation of energy-saving solutions.
IGECON Limited was engaged to provide expert consultancy and project management services, addressing NMCU’s specific needs through a well-structured plan. Our approach included:
IGECON managed the process of securing a high-voltage inspection certificate from the Government Electrical Inspectorate (GEI), ensuring compliance with all regulatory requirements.
A thorough energy audit identified opportunities to adjust NMCU’s electricity rate structure, transitioning from a higher-tier rate classification to a lower-tier rate. This adjustment was tailored to align with their operational demands and projected energy consumption.
IGECON acted as the primary liaison among NMCU, T&TEC, and GEI, ensuring seamless communication. We supervised the necessary maintenance works recommended by GEI, facilitated documentation, and ensured the successful completion of the project within the agreed timeframe.
Neal & Massy Credit Union achieved a reduction in electricity expenses by approximately 70% monthly.
This project underscored NMCU’s commitment to environmental stewardship by significantly reducing energy waste and optimising resource use.
Neal & Massy Credit Union benefited from a one-time rebate that offset a percentage of prior expenditures.