Energy ContractsJames Jack2020-10-15T10:00:07+00:00
Eneco can arrange fixed, flexible or basketed contracts dependent on your organisation’s approach to procurement risk. In simple terms, an organisation with a low risk appetite that wants complete budget certainty will need a fixed price contract. Whereas, you may be willing to take more risk and fix your energy costs over a period of time through a flexible contract. Our experienced consultants will be able to talk you through the process and tailor your procurement strategy to your unique requirements.
Fixed Energy Contracts
Fixed contracts mean the price you have agreed to with your chosen supplier is fixed on the date of signing throughout your contracted term, which is usually between one and three years. This can be altered to suit your businesses needs if, for example, you want to have a targeted end date to tie a new meter into your existing contractual arrangements.
Using our expert knowledge of the energy sector, we will closely monitor the market for the optimum time to purchase energy and minimise your exposure to wholesale price fluctuations. Eneco’s approach ensures you get the most competitive prices available.
How Can You Benefit From Fixed Contracts?
Entering your business into a fixed contract enables more accurate budget projections providing stability and ease of mind. This reduces administration time so you can concentrate on other aspects of your business and let us look after your utilities.
Please be aware, there are still areas of the contract which are subject to price change such as gas transportation costs, pass through charges and Climate Change Levy. Details of these can be found in our non-energy costs.
Flexible Energy Contracts
Flexible energy contracts enable businesses to take advantage of fluctuations in wholesale prices by purchasing gas or electricity over a period of time. Flexible energy purchasing can be a daunting prospect, but our highly experienced consultants will guide you through the process and tailor the purchasing strategy to suit your business needs.
How Can You Benefit From Flexible Energy Contracts?
The wholesale market’s fluctuations offer opportunities to acquire energy at lower rates and can generate considerable cost savings in comparison to fixed price contracts in some cases. Your consultant will make all energy purchases in line with an pre-agreed risk and purchasing strategy tailored to your comapny’s requirements and track performance in regular position reports.
Approaches to Flexible Purchasing
Basketed contracts are group purchasing arrangements which are priced on a fixed or flexible basis and put together to bulk buy supplies with the objective of individual members securing a lower contract price than they would on their own. Eneco can tailor fixed or flexible priced baskets for specific groups of clients based on their unique requirements. We do not offer generic baskets as we do not believe they are in our clients’ best interests.
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