Basket Energy Procurement – achieve greater buying power.
We have created a renewable energy basket procurement service that gives you greater purchasing power. By combining your energy consumption with other businesses, you can enjoy the purchasing power of a large corporation.
Is basket energy procurement right for my business?
Our renewable energy basket service makes it easy to enjoy the commercial benefits of a flexible purchasing strategy while maintaining budget certainty via pre-agreed price caps. By bundling your energy consumption with other businesses, you have greater power to take advantage of market volatility and minimise your energy costs. If your organisation’s annual energy consumption is between 1GWh and 10GWh, then this service can help you drive down your energy costs through economies of scale.
How does basket procurement work?
We have worked with suppliers to create a bespoke basket energy procurement service that allows our clients to combine their energy consumption volumes with other businesses. These baskets allow you to achieve more competitive prices as you benefit from the bulk buying power of the collective. Even though you are part of a collective, your energy strategy is your own, meaning you choose whether to implement a Purchase in Advance strategy or a Purchase within Period strategy.
Purchase in Advance Strategy.
This basket energy procurement strategy is perfect for businesses looking for the greatest level of budget certainty. Your consumption is purchased prior to the contract start date for a 12-month supply period. Once in contract, your energy is then purchased in 12-month tranches. The delivered price is fixed for the 12-month period, delivering budgetary certainty.
Purchase within Period Strategy.
Our Purchase within Period strategy is perfect for businesses looking for budgetary control whilst seeking to take advantage of market volatility. An agreed percentage of your consumption will be purchased prior to the supply contract start date. The remainder is purchased within the supply contract period and is based on a firm set of risk management principles to minimise energy costs. Our Risk & Trading team will work with you to ensure your strategy achieves your organisational and energy objectives.
Expert advice and detailed market insight.
Whatever strategy you choose, your basket energy procurement service will be supported by our in-house Risk & Trading team. The team will provide expert guidance throughout your contract, helping you to minimise your energy costs and deliver your energy management strategy. As well as the support from our in-house Risk & Trading team, you will also receive Daily, End of Day and Monthly Insight reports, giving you the information you need to make informed decisions.
Speak to us about Basket Energy Procurement today.
Enjoy greater purchasing power.
Equity Energies has worked closely with key energy suppliers to give businesses typically consuming between 1GWh and 10GWh a year access to the benefits of flexible energy procurement through our basket energy procurement service. By aggregating your energy consumption with other like-minded organisations, your business will have greater purchasing power, whilst maintaining budget certainty. Our service uses two strategies, Purchase in Advance and Purchase within Period, which are fully managed by our in-house Risk & Trading team who actively monitor the global energy markets. Our power basket energy procurement service sources energy from renewable generation sources, helping you become a more sustainable business.
The benefits of basket energy procurement.
If your business doesn’t want to enter a fixed energy contract and your energy consumption is below the volume required for a flexible contract, then basket energy procurement is ideal. We offer two types of baskets:
• Purchase In Advance
• Purchase Within Period
These pre-defined baskets provide you with easy access to better buying opportunities. Our Risk & Trading will work with you to understand which basket energy procurement strategy is the best fit for your overall energy procurement objectives. Each basket has a different purchasing strategy, however both offer the following key benefits:
• Great purchasing power – By pooling your energy consumption with other businesses you will have the purchasing power of a large corporate.
• Maximise value – You will have access to a team of experts to help you take advantage of any opportunities where energy market prices dip.
• Budget certainty – Our team of experts will agree on price caps with you and ensure they are implemented to give you budget certainty.
• Transparent pricing – Our basket service and Unified Platform give you transparency of your pricing 24/7, including non-commodity costs.
• Risk management – In a volatile market, our expert team will manage your exposure through our risk management trading strategies.
• Save time – We proactively manage your procurement contracts, giving you more time to focus on growing your business.
Which businesses best suit basket energy procurement?
For businesses consuming between 1GWh and 10GWh a year, our renewable energy basket procurement options provide the opportunity to access the benefits of flexible procurement enjoyed by larger clients.
What do we need from you?
Once we have the information below, we will then be able to recommend the best basket for you to achieve your energy procurement objectives.
• Signed Letter of Authority (LOA)
• Your current supply contract details
• An overview of any business objectives that may impact your energy consumption
Why choose Equity Energies?
For more than 20 years we have been helping businesses procure energy at the lowest possible cost. Our expert team will find the right energy procurement basket service for you and then support you throughout your contract to ensure you reap the benefits of a basket purchasing strategy.