| Against a background of liberalisation of the electricity and gas markets, Belgium has reached a turning point in the maturity of its electricity and gas sectors, and is rapidly opening up to increased competition. | ||
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Market Background Procuring energy at the right time at the best price requires the skills and knowledge of experienced traders; from traditional tendering methods, to trading platforms such as Belpex, APX, Endex and TTF, with an array of products offerings such as spot prices, flexible, hybrid to name but a few. Freedom of choice and competition no doubt deliver benefits, but it is never a simple decision. Already faced with all these choices, The European Commission also took the decision late last year to split up (or unbundle) energy companies. This means that the transmission company (owner and administrator of the high voltage cables, high pressure gas transport grid and other infrastructure) will be split off from the energy companies. The objective of this move is to provide more transparency and increase competition. Of course, it hasn’t always been clear and transparent. In the rapidly expanding and competitive Belgium energy market, the legacy of historically inaccurate billing, overcharges and errors, and long forgotten contractual terms and conditions, together with consolidation of energy companies in Belgium and neighbouring EU countries, will inevitably continue to challenge your administrative and financial resources and budgets. Product choice, timing, price negotiation, historical overcharges, billing errors and contractual complexities in a continuing volatile and unpredictable market, have led more and more companies to take expert and independent advice on how best to manage the risks to achieve budget protection. Managing your energy budget, price negotiation, bill validation and carbon management is no longer an annual event, but must be expertly managed throughout the year.
Inenco is committed to ensuring that our clients are getting the best energy prices available, and that they are only paying their suppliers for the energy they use. We can offer solutions tailored to the needs of your organisation, with results going straight to the bottom line. |
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