Flexible energy purchasing

A range of flexible energy purchasing contracts to suit different business needs

 

Flexible business energy contracts

Flexible purchasing allows you to take advantage of price changes in the energy market, so you can spread your price risk over a number of purchasing decisions throughout the year. You will be supported by comprehensive and timely wholesale market information from our Optimisation Desk experts to help you manage your company’s energy needs.

 

Flexible Purchasing

A traditional approach to flex where your gas or electricity volume will be split into clips or tranches. These can be purchased via a range of options throughout the year. Residual volume can be purchased annually in advance or on a Shape Risk Premium.

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Flex: Innovate

Designed for sophisticated energy purchasers, this gas and electricity product allows you to pay a published index price for any variance in your consumption against forecast. It also removes the reference price reconciliation, residual trade and volume tolerance restrictions traditionally associated with flexible purchasing.

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Flex: Freedom

An electricity contract created to give businesses maximum flexibility in terms of when they purchase electricity and the clip sizes. Especially suitable for businesses with a high degree of variance in electricity demand who would benefit from purchasing within month, and may need to to reforecast daily.

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How flexible energy purchasing works

The commodity, gas or electricity, is purchased over multiple occasions direct from the wholesale market. This makes you less vulnerable to market peaks and provides multiple opportunities to achieve a smoothed price.

Before signing a flexible purchasing contract with us, your anticipated future energy requirements are split into base load and peak load volume blocks – or clips – for electricity, or into tranches for gas, that you can purchase in monthly, quarterly or seasonal periods. These clips vary in size and can go as small as 0.1MW for electricity depending on your overall annual consumption.

A residual load calculation covers any additional volume requirements outside these clips. This can be purchased in a number of different ways, depending on which contract you choose.

 

1. Anticipated consumption

Your anticipated energy energy products are forecast.

2. Consumption into clips

Your anticipated consumption is then split into blocks as 'clips'.

3. Purchase clips

These clips can be purchased in either monthly, quarterly or seasonal periods.

4. Residual trade

Any consumption outside these clips is traded separately, depending on the contract you choose.