Basket products offer the security of fixed price contracts but with the benefits of flexible purchasing
What is flexible purchasing?
Flexible purchasing allows ENER-G to purchase energy in blocks on behalf of our customers, thus reducing the risk of buying at one single price, at one point in time. Experts agree that energy prices in the current climate are volatile and look likely to remain unpredictable in the longer term. Providing multiple purchase points to customers reduces their risk of receiving a fixed price contract at a single inflated price.
Why should I not just get a fixed contract?
The main benefit of flexible purchasing is the spreading of risk across multiple purchases (buying “little and often” rather than all at once) to ensure that you don’t end up choosing the wrong time and getting all your volume at a price that later turns out to be a poor one.
How will the basket work?
A group of medium size enterprises are grouped together to form a basket, which enables us to purchase the group volume live in the wholesale market. Having access to true market prices at all times throughout your contract, ENER-G’s procurement team will work in line with an energy purchasing Risk Management Strategy to secure energy on behalf of the basket as a whole.
Benefits of choosing a flexible product:
- Price risk is spread by making multiple purchases
- Group volume purchased on live market prices
- ENER-G can make purchases prior to or during your contract period
- Receive transparent energy pricing
- Dedicated account management team to look after your energy business and accounts
