How the service works

In the UK, electricity and gas is bought and sold as a tradable commodity. Energy is bought and sold speculatively for profits or as contracts for delivery from the next day up to many months and years into the future. Normally, only organisations with significant energy usage are able to buy in a flexible manner on the wholesale markets. The Risk Managed Procurement service offers many more organisations the opportunity to benefit from energy procurement in a flexible, risk managed methodology, using prices derived from the wholesale market place.

Your energy requirements will be placed into one of our large trading portfolios allowing for a greater number of procurement decisions. A risk managed trading strategy is followed for each portfolio under a governing risk strategy. Our FSA regulated Traders' objective is to manage the position through a volatile market and to deliver an acceptable price.

Benefits of the service

• Flexible procurement solution for many more organisations
   
• Risk management approach to procurement 
   
• Product flexibility to seek an ‘Acceptable Price’ 
   
• Regular updates of your trading position 
   
• Your energy purchasing is managed by FSA regulated Traders

Who is this service for?

Customers of the Risk Managed Procurement service will usually have an annual energy spend of between £250K and £2M and above. If your spend is below this, then please click on the following link for assistance www.onlineenergy.co.uk