Case Study: Fitness First achieves resilient energy cost management and optimized efficiency investment with Palisade (@RISK/RISKOptimizer)

Fitness First uses @RISK to Manage Energy Costs

Fitness First, the world’s largest gym group with over 1.2 million members and 75 gyms in Australia, faced a material fiscal risk from rising business electricity costs (up ~60% in real terms from 2003–2013). To manage energy budget resilience, they worked with Knowledge Global and adopted Palisade’s @RISK and RISKOptimizer for probabilistic modelling and optimisation of energy-related investments.

Palisade’s @RISK and RISKOptimizer were embedded into Knowledge Global’s NRG Insight to model distributions for energy cost, usage and weather, optimise NPV across a portfolio of efficiency projects, and validate projected returns. The solution increased executive confidence in expected ROI, made capital sign-off easier, enabled Fitness First to allocate a larger energy-efficiency budget, and supported ongoing ROI measurement and improved energy budgeting.

Fitness First

Ross Sharman

Knowledge Global