As a previous client to Inenco, the client planned to renew their contract in the next six months however, our experts suggested to them that they should renew their contract early to avoid increasing market prices. Our experts knew they needed to judge when exactly to run the tender for their renewal within a limited window and needed to be able to act fast on behalf of the client to achieve the best results.
Our experts recommended to the client that they renewed their contract early as our trading team could see there was going to be an increase in market prices shortly before their renewal date
Inenco obtained permission from the client via a Letter of Authority (LOA) to trade within set parameters in order to ease the burden of making a quick decision
This allowed our experts to fix the price and secure a fixed price contract at an optimal time
From this Inenco were able to secure a lower cost across time vs market which protected the client from future increases and obtained budget certainty
This process meant that the client secured a 2-year fixed price energy contract at a significantly lower market rate over the 2-year period. By choosing a 2-year contract over a 12-month contract, although they paid a little more initially, the savings made from avoiding another renewal 12 months later resulted in a total saving of £24,190 on their energy.
Inenco continues to support the client with their energy requirements and timing of their next renewal.