FIXED ENERGY PROCUREMENT
Energy is fundamental to any business and is often among an organisation’s biggest costs alongside people and property.
time to market
Like any commodity, energy prices fluctuate on a daily basis with significant price swings possible over relatively short periods of time as power and gas commodity prices are sensitive to geo-political factors such as; currency movements, international relations and trade, oil prices and the general economic outlook. As such, timing to market when buying energy is crucial to adhering to budgetary constraints and achieving the best possible price.
Access wholesale market commodity pricing for power and gas, updated daily with market close prices. Overlay other commodities to reveal pricing patterns and show changes over time as monetary values or percentages in order to define when and why to go-to-market
Procuring energy is an increasingly challenging prospect with double-digit annual percentage cost increases the norm in recent years alongside environmental taxes and distribution levies adding to the wider complexity.
Through our energy expertise and experience we will advise on timing to market, buying strategy and wider industry trends to control your costs and generate long-term savings.
Access live market forward curve pricing for electricity and gas for months or seasons ahead
contract type
Fixed price, including commodity and non-commodity price components and fixed term energy contracts -often described as ‘fully fixed’- remain a staple amongst energy buyers as they offer an opportunity to lock out contracts giving absolute budget certainty, removing any price shocks for the duration of that contract and offering protection in a rising market.
Alongside fully fixed offers we can offer pass through products for both comparison and consideration, wherein non-commodity costs are passed on to the customer at the prevailing rate by the supplier in conjunction with fixed/known commodity costs.
live, reverse auction
Our unique auction process for both fully fixed and pass through contract types drives down supplier margins through a completely transparent, live, reverse-auction wherein suppliers can see each other’s bids and have an opportunity to improve their contract offer before a deadline, thus maximising competition between suppliers.
Review multiple supplier offers from across the market, on a level playing field in real-time
UKGP remains fully independent of all suppliers, allowing us to negotiate the best deal across the entire UK market.
On the tender day our energy experts are available alongside the platform to interpret pricing and offer detailed analysis of varying supplier products and offers. We will benchmark all offers on a like-for-like basis, showing fully delivered energy costs for pass-through contracts in addition to a detailed price breakdown, showing the granular price detail across a portfolio that makes up your total cost.
Analyse granular detail per supplier offer. Site information and individual rates are pulled through from supplier offers and presented in a common format, compared against other offers and the existing contract
A user is able to review multiple contract offers without obligation to sign a contract.
support
Ongoing support before and after contract acceptance includes non-commodity cost mitigation where viable, daily market commentary and insight, detailed weekly market reports and intuitive forecasting and budgeting tools using live market information.
benefits of ukgp fixed procurement include:
Simple and fast to set-up with full portfolio management
Platform automation replacing time consuming manual processes
Competitive auction; suppliers have full visibility of competitive prices and can resubmit multiple offers before an auction ends
Fully independent of all suppliers, giving engagement across the entire UK market
No obligation to accept any contract
Expert analysis of supplier offers
Full transparency of costs
“Any solution that can cut through the jargon and present information on a level playing field will deliver businesses with the benefits of speed, ease and understanding”