Energy Procurement

Compare energy procurement prices from Energy Management

Our years of industry experience and in-house energy procurement expertise enable us to get the best energy deal for your business.

In recent years, volatile, complex and fast-paced energy markets combined with spiralling costs have made buying energy a far from straightforward affair. Minimising those costs - and taking the hassle away from you, the customer - is at the heart of what we do.

At Energy Management, we use our knowledge, market intelligence and business energy procurement analysis expertise to assess both short and long-term trends in the energy market and to produce a tailor-made solution.

For immediate assistance call on 01225 867722 or  Request a callback

  • Search once for all the major energy suppliers
  • Extended fixed pricing for up to 60 months
  • No sign up, no commitment required
  • Potentially saving your business £1,000s
  • Business Energy Procurement Specialists

Get started with your energy procurement quote

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Energy Management have delivered results, there are no two ways about it. We have made instant savings from day one with minimum fuss. Most importantly, I trust them.

David English Commercial Director, Restore Records Management

Energy Procurement Contracts

We monitor your contract so that we can be proactive when sourcing your new deal. Our account managers can explore the range of options available to you; from a fixed-price, longer-term arrangement that allows for greater security, planning and budgeting, to a more flexible approach, where advantages can be derived from fluctuations in energy pricing.

Energy Procurement - Risk factors (High to Low)

FullFlex Contract

A fully flexible contract that can offer advantages derived from fluctuations in energy pricing.

MidiFlex Contract

MidiFlex contracts provide some flexibility without the risk involved with a FullFlex arrangement.

Fixed Contract

A longer-term arrangement that allows for greater security, planning and budgeting.

Power Purchase Agreements (PPA's)

Energy Management can help you arrange the best PPA’s whether you are a dedicated energy generator or a business with onsite generation. If you wish to fix your energy price to ensure guaranteed payments or choose a flexible contract to access market-reflective prices, Energy Management can help you achieve your business targets. Signing a PPA is a great way to get ahead of your competitors, showcase your commitment to sustainability, and plan for risks while leveraging value for your organisation.

Read more on how we can help your business with Power Purchase Agrements.

Market Intelligence Reports

Decision making based on hard data and excellent communication between ourselves and the customer.

It’s our business to know the inside line on markets, trends and technologies – identifying opportunities to improve performance above and beyond your expectations.

Having invested in technology and software that provides us with information, live and direct, from UK and European energy trading platforms, we are able to react quickly when the need arises.

Energy Procurement strategy via dedicated market intelligence

For the longer view, we receive information from a wide array of industry and analysis subscription services, such as ARGUS and MAREX SPECTRON. The data is then evaluated by our expert energy consultancy team.

Each month, you will receive a bespoke monthly Energy Management Market Intelligence report via email, giving you a measured view of the global energy situation, legislation and seasonality, so that you can make the most informed decisions possible to safeguard your energy supplies and your bottom line.

Recent Market Intelligence Report - September 2020

As energy managers we have the facility to set up trigger points – or ‘Sentry Alarms’ – if the energy markets move by an agreed amount. These movements then stimulate action between us to discuss strategy and take another look at what your current arrangement is.

Energy Procurement Strategy

The best energy procurement strategies optimally match your business needs with the many choices that are available when it comes to buying energy. Energy is often one of the biggest overheads for a business, so it is crucial to adopt the right approach in how you go about purchasing your gas and electricity.

Energy Procurement Strategy

What is the best Energy Procurement Strategy for 2020?

The best strategy will be determined by the needs of your unique business. Energy prices fell dramatically during the early stages of lockdown to reflect the lack of demand, but following the easing of restrictions and the resulting step up in business activity, they are now climbing out of what appears to be a market trough.

Even so, energy suppliers are being selective about who they deal with and are avoiding perceived high-risk industries, such as hospitality, catering and travel, that have all come under intense pressure since lockdown started back in mid-March.

Sector-specific energy purchasing

Businesses within those sectors on a fixed energy deal in a market where prices are rising will feel they are in a relatively good position from an energy procurement perspective as they’ll be protected against the prospect of being hit by increased risk premiums.

However, these are unchartered times, and without a crystal ball, managing risk has never been more important. Hence, having the correct strategy in place and being able to respond quickly to opportunities as they arise is crucial.

What is the best Energy Procurement Strategy to manage risk?

Simply put, it’s the strategy that’s most suited to the business. But first, you need to understand the role of risk in your business. Some businesses do not have the option of adopting higher risk for potentially higher financial returns as budget stability might be more important to them.

Your business may have long-term fixed customer sales contracts which do not allow for passing on increases in energy costs to your customers. In order to protect profit margins, having fixed price energy contracts is preferential to having the opportunity to take advantage of falls in the energy markets. This is because the risks of energy price increases would ultimately be more damaging to the financial performance of the business.

Energy-intensive business strategies

For energy-intensive businesses, in order to compete on price, it’s important that you’re buying energy at the current market rate, so a flexible contract that tracks the market could be advantageous.

As a general comment, a fixed price contract which is renewed when the energy markets are low has historically added value, particularly as they often avoid increases in non-commodity costs.

What is the difference between a fixed and flexible energy procurement strategy?

Most people view flexible contracts as riskier than fixed ones but, in reality, they can be used as a hedging tool to smooth out the volatility of market movements.

Flex Energy Contract

A flex contract enables you to fix any amount of energy for any period of time. For example, you could fix energy prices for half your anticipated consumption for the duration of the contract, and let market prices dictate the cost of the other half once you have interpreted market dynamics through the use of helpful energy management analytical tools such as EM-Powered. The price you then pay is the average between the two actions.

Whether a fixed, midi-flex or full flexible strategy is adopted, it is important to have a dynamic approach. By this, we mean fixing contracts when market movements present opportunities and not when you come to the end of a fixed period contract in the blind hope that the markets will be favourable.

Call us on 01225 867722 for more information

Energy Procurement Insights

We regularly publish articles and market news on the procuring of business energy. As Energy Consultants we offer our clients market-leading insight. Please see below a selection of the latest energy procurement blogs from our company news section.