Helping organisations who prefer not to be tied into rigid contracts
Flexible energy contracts allow you to spread your purchasing and selling decisions over multiple points in time to provide long-term cost control.
To optimise your flexible supply contract, it is essential to couple it with an effective risk management framework to ensure the contract delivers the best results.
Our flexible procurement service includes:
- Rigorous flexible energy contract tendering
- Energy risk management framework development
- Bespoke strategy development
- Tiered support – advisory to fully managed
- Energy trading and risk management platform
- Full position reporting suite
- Budgeting tool
- Trading alerts and triggers
- Trade log
- Energy consumption analytics
- Bureau and invoice validation services
- Full account management
Why choose a flexible energy contract?
Flexible energy purchasing best suits organisations consuming above 5GWh of power or gas per annum. However, smaller businesses can also benefit from flexible procurement – get in touch to discuss your options.
A customised flexible procurement strategy could offer you the balance of risk, budget certainty, and price opportunity you’re looking for. Take advantage of the benefits a flexible supply agreement, combined with the right risk management strategy, can bring.
There are many benefits to choosing Consultiv Utilities for your flexible procurement needs.
Managing your purchasing approach
The Consultiv trading team utilise both fundamental and technical analysis to deliver an energy price that allows you to remain competitive.
Hedging and selling energy in line with your risk management strategy, market fundamentals and technical cues allows for long-term cost control for your business.
Focussing on optimising the energy price over time, our energy trading team will keep you updated on market trends and trading recommendations. Additional to this, we provide full transparency on trading performance via our energy trading and risk management portal.
Understanding energy risk management and how to implement it
With a changing market environment, it’s critical for any business energy buyer to assess their exposure, review their energy budgets and consider their approach to energy risk management.
Improve your future hedging strategy with Consultiv Utilities
- Identify your business goals and choose the appropriate strategy to match your risk profile
- Select a supplier suitable for the contract type that enables you to implement your strategy
Flexible contract tendering
Price optimisation through flexibility
We will work to understand what commercial terms and SLAs you require within the supply contract and what flexibility will be needed to enable the strategy to be delivered. We shall then negotiate the best supply contract and terms available for these requirements.
Consultiv will provide you with a comprehensive contract renewal evaluation document which compares both quantitative and qualitative aspects of the supplier and supply contract, as well as making our professional recommendations.
Flexible contract tendering
When the time comes to review your business’s energy usage and tariffs, there are several key decisions you’ll need to make. Chief among these is whether to opt for a flexible or fixed contract.
For those organisations wanting to remain responsive and able to benefit from positive changes in the market, we can facilitate flexible contract tendering that doesn’t tie you into long and restrictive contracts.
With many years of experience under our belt, our team help you make the right decision when it comes to contract tendering, introducing you to the best energy tariffs to suit your specific needs, requirements and goals for the future.
Consultiv Utilities are here to help organisations like yours to stay responsive and able to capitalise on market opportunities.
Flexible energy with variable tariffs
If being free to make changes to your energy contract is an important factor for your organisation, then flexible contract tendering can help you find an energy tariff that meets your needs and works round your requirements. Unlike fixed plans, where you’re tied to certain costs for a specific period of time, flexible energy tariffs allow you to switch whenever you like. That means that if prices rise or you find a better deal elsewhere, you don’t have to worry about contract dates ending before you can act on the opportunity.
Some factors to take into account when tendering for a flexible energy contract include:
- Contract duration – a longer contract will maximise your opportunities for trades and sell-backs.
- Usage – the more accurately you can predict your future energy usage, the more beneficial your contract will be
- Pass through costs – what costs are planned to increase during the term of the contract?
- Supplier – we will help you find the right supplier for your needs.
Non-commodity options
Fixed for 12 months
Great for budget certainty. This option ensures non-commodity elements within your contract are fixed for 12 months.
Fixed for contract duration
The best option for certainty throughout your entire contract as non-commodity costs are fixed for the duration.
Fully passed-through
Good for cost transparency and to avoid non-commodity cost risks premiums. This option is more suited to larger businesses.