Flexible energy purchasing
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.
Flex: InnovateDesigned 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.
How flexible energy purchasing worksThe 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.