risk management
Managing energy risk can be defined as implementing a procurement strategy across gas and power markets to protect against rapid market movements that might otherwise pose a threat to budgets.
risk management
Like many commodity markets, energy markets can be fast moving with significant swings without prior warning.
UKGP will identify and quantify risks and mitigate against these risks using a pre-determined risk management (RM) strategy bespoke to your organisation, procurement objectives and appetite for risk.
A user is able to pre-set upper and lower market triggers (wholesale market prices) for both power and gas in order to protect budgets or lock-in value
we will:
Give you access to energy market experts you are constantly monitoring the market
Hold review meetings with your key stakeholders to discuss market changes and aid in decision making related to gas and power costs
Grant individual log-ins to our unique platform, from where you will have complete visibility of your entire portfolio and granular cost detail per site
Real time cost positioning against pre-determined budgets
Implement automated high and low tripwires to lock out volume if a certain market price is achieved relevant to your procurement objectives
24/7/365 ability to track performance through our platform
Demonstrate how price changes impact your total cost of energy at site and portfolio level