Giving you the smartest approaches to securing the best-value deals.
Firstly, what is energy procurement? Simply put, it is the process you use to secure your electricity and gas contract pricing.
And how do most organisations do it? Many small and medium-sized enterprises (SMEs) and large corporate entities alike buy energy using a common (default) approach – waiting until near contract end and then ‘having to accept’ the cheapest deal you can find at the time, during your ‘renewal window’.
Given that the energy wholesale market can fluctuate by 10-40%+ over a few months, this may be far from the best price you could have achieved if the process was being expertly timed and delivered, and if not can be a highly speculative and risky strategy that can easily yield unnecessarily high energy tariffs.
We use smart approaches to help small and medium-sized organisations access the kind of approaches and benefits that much larger organisations achieve.
Through our ‘smarts’ – knowledge, relationships and smart solutions, we provide clients access to the benefits of a range of higher-tier energy procurement solutions that can remedy this problem, including:
Your energy contracts are coming up for renewal. You go with your renewal quote or call some suppliers for alternative pricing or use a broker who’s called you to help find you of the ‘best deal’ available. You secure your energy pricing for the next one to three years and are relieved that you don’t have to think about it again for a while.
But that’s a risky process due to the following:
We talk a lot about good practice and best practice principles in our online Energy Procurement Masterclass. We believe any good practice energy procurement strategy would consider the following factors:
noun – plural extensive knowledge of or ability in a particular topic. She’s got some serious math smarts. general intelligence.
"He’s got some serious smarts".
Going further, any best practice model should include category expertise, policy, risk management and strategy setting, managed performance, delivery and optimisation, and reporting and governance.
And of course you also need to consider any wider energy policy requirements, such as non-commodity cost management, energy management, green initiatives, and compliance.
However the wholesale market is structured to make itself extremely challenging for anyone other than the largest of corporate customers and professional intermediary organisations to engage with meaningfully. And managing non-commodity-costs and other factors requires knowledge and expertise. So, what to do?
We’ve made it really simple for SME and corporate clients – or as we call them ‘smaller-than-very-large’ organisations, to access our best-practice-type approach*, with all the ‘smarts’ you need to take care of the many complex issues involved, in a manner appropriate to your organisation.
Energy-Smarts removes all the barriers, making it low cost to join and set up – and easy to run – so you can relax and get on with your day job.
Firstly, through our approach you can achieve the scale and leverage you need to access the kind of sophisticated tiers of energy procurement, where your wholesale energy price can be risk-managed under our specialist guidance.
Secondly, as part of our service you will gain a plethora of other benefits and savings – both through targeted ‘optimisation’ activities – and simply by leveraging our operating processes and category specialism to drive value and optimisation at every stage.
All this is delivered in a user-friendly way that fits your organisation and adheres to best-practice principles which will certainly help manage and optimise your future price with respect to your risk management needs.
*In a nutshell, through Energy-Smarts, you gain access to our simplified approach to best-practice energy procurement, so you’ll achieve 80% of the results with 20% effort.
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