Energy Procurement
We work with a panel of over 30 suppliers to ensure you get the best deals on your upcoming energy contracts.
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Our unrivalled experience in energy purchasing and depth of market intelligence means that we always ensure our clients secure the best possible energy rates available.
We provide energy procurement services to clients who are on both fixed and flexible energy contracts. On a daily basis, our traders are executing strategic trades on behalf of clients in accordance with robust purchasing strategies, which capitalise on favourable prices whilst avoiding market spikes. We closely monitor the trading platforms to ensure that our clients are achieving the absolute best price direct from the wholesale market.
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Our energy procurement services are tailor-made to the requirements of each client and we can offer expertise in the following areas
Bespoke Energy Purchasing Strategies
Budget Protection
Fixed Contracts
Flexible Contracts
Legislation
Contract Optimisation
Market Intelligence
Contract Tendering and Negotiation
The Procurement Process
1
Proposal Development
- Scoping Meeting
- Review Site Lists
- Data Analysis
- Tender Preparation
- Finalise Evaluation Criteria
- Finalise Tender Specification
2
Market Engagement
- Issue Tender
- Obtain Proposals
- Evaluate Bids
- Prepare Client Summary Report
- Supplier Shortlist
- Final Negotiations
3
Contract Placement
- Produce Client Recommendation Report
- Contract Sign – Supplier Appointment
- Supplier Registrations
- Provide Feedback to all Suppliers
4
Ongoing Support
- Manage Registrations
- Ongoing Market Monitoring
- Energy Trading
- Client Review Meetings
- Manage New/Closed Sites
Fixed Contracts
Fixed energy contracts provide clients with budget stability as their energy rates are secured and fixed throughout the period of supply, irrespective of the fluctuating wholesale markets.
Our clients who enter fixed arrangements do not want any risks associated with energy costs passed on to them; their objective is simply to remove themselves from the risks of rising energy markets.
Budget Certainty
Our fixed-price products allow clients to lock out their gas and electricity requirements from the market for up to five years protecting them from volatile wholesale markets and stabilising their energy budget.
Our procurement team constantly review the energy markets and their drivers to ensure that clients secure the best possible rates for gas and electricity contracts.
Even clients that are on flexible contracts can have a high degree of budget certainty by fixing their non-commodity charges to minimise their exposure to these rising costs.
Timing is Everything
Market timing is crucial to ensure that we get you the best rates possible for your energy. Our procurement team are dedicated to observing the fluctuations of the wholesale markets, so you can trust us to get you the best deal.
In addition to market intelligence, we always conduct preliminary market tests for our clients as this enables us to react almost instantaneously to any favourable market conditions, without the normal lead time for a fixed tender.
Clients should be aware that there are some components of a fixed-price contract that can be subject to change such as transportation costs. Please contact one of our procurement team members for further information on how these could affect your business.
Flexible Contracts
Utility Savings Group provide brokerage services to a large number of clients who are on flexible energy contracts.
On a daily basis, our traders are executing strategic trades on behalf of our clients in accordance with robust purchasing strategies, which capitalise on favourable prices whilst avoiding market spikes. We closely monitor the trading platforms to ensure that our clients are achieving the absolute best price direct from the wholesale market.
Our robust purchasing strategies mean that you can trust us to recommend when and how much energy to purchase, capitalising on favourable prices whilst avoiding market spikes.
Flexible procurement offers the ability to purchase energy in smaller tranches throughout a contractual framework with a supplier.
When managed by a strict risk management strategy, flexible procurement can offer great value to clients. We can embed a series of price triggers into the strategy to ensure that favourable conditions are capitalised upon whilst market ‘spikes’ are avoided thereby protecting our client’s budget.
Regardless of which approach is adopted, Utility Savings Group always discuss with clients several different risk/reward options including full pass-through, fixed non-commodity pricing, risk capping and hedging strategies.
Utility Savings Group work closely with clients during the pre-tender stage to understand fully the flexibility and predictability of consumption to determine the best approach for them. This would always take into account the strategy and the client’s risk profile.
Our flexible procurement solution provides transparent, “open book” access to the electricity wholesale market for clients. The role of Utility Savings Group is to facilitate this access by making available its services, systems, people and market intelligence independently and transparently.
Risk Management
Does my business need a risk strategy?
The introduction of a risk management strategy can ensure that your business is protected from being exposed to rising energy markets. The fundamental principle of our risk management policy is to control your business’s energy costs, irrespective of market conditions.
Take control of your energy spend
Utility Savings Group provide clients with various energy procurement strategies, which are designed to meet the client’s needs and risk appetite. These can vary from low-risk budget defence to a higher-risk approach which allows more speculation. We implement risk management strategies to ensure that your business is protected from being exposed to volatile energy markets.
