r3

r3 (risk, review, respond) is our risk-management programme. It offers a tailored approach that allows our customers to make the right energy-buying decisions for their business.

How r3 works

The first part of the programme involves our Policy Shaper Service, which helps business customers understand their risk profile and the market conditions in which they operate. Policy Shaper can be used as a framework to create an effective and bespoke purchasing strategy – complete with processes for managing energy-procurement risks.

The second stage is designed to identify the right buying methods. We offer our business customers a choice of fixed or flexible energy purchasing contracts. Fixed energy purchasing is designed to protect businesses against price rises and safeguard against volatility in the energy wholesale markets. Flexible energy purchasing enables businesses to control the timing and amount of energy they purchase, allowing them to spread price risk over a number of purchasing decisions throughout the year.

Generation Services is a specialised service that also forms part of the r3 programme. Our expert business development managers guide companies that generate their own electricity to the products and packages that best suit their appetite for risk and return.

The final stage of our service is all about delivering a risk management and buying strategy effectively. Here we work with our customers to help provide and equip them with the necessary tools to do this. Each company on a flexible contract is allocated an experienced and dedicated Client Portfolio Manager who can provide all the relevant data and support.

Our r3 programme is designed to help energy users understand, identify and formally agree their appetite to risk. Throughout, a robust risk-management policy provides a framework to make energy purchasing easier. It also makes sure that a company’s buying strategy is in line with its broader corporate approach to risk. We then work closely with our customers to provide the tools necessary to enable the resulting strategy to be accurately reflected in tactical and controlled purchasing decisions.