Inenco’s procurement team place thousands of contracts every year on behalf of our clients and our award-winning energy buying team have a proven track record of outperforming the market on behalf of our clients.

 

The Ultimate Energy Buying Guide from Inenco

Since 2005, the cost of energy has risen by 70% and yet most organisations in the UK take no action when it comes to their utility strategy.

If you have financial responsibility within an organisation, you will know better than anybody how important it is to minimise company overheads. Whilst there are several different ways to reduce the running costs of your business, ensuring you are spending as little as possible on your business utilities is a great way to save money.

Of course, there are a few small ways you can accumulate savings, but one of the best ways to reduce your bills is to review your energy buying process. Doing this can be quite an undertaking depending on the size of your company, but in the long run it can be worthwhile and make a huge difference to the outgoings of your business.

If you want to learn more about the process of buying business energy, why not download our Energy Buying Guide? Click here.

We work with you to understand your appetite to risk and your business objectives, making sure we have a complete understanding of your requirements to recommend the best purchasing strategy to meet them.

From budget certainty through our Fixed and STAR strategies to price optimisation through flexible purchasing – or a blended approach through our unique Options portfolio – we can find the best strategy for your individual needs.

 

Our Expertise

Inenco’s procurement specialists are experts in negotiating contract terms and ensuring that your business gets the best possible deal. We look at your business energy portfolio and overall objectives and make recommendations on which services suit you best.

Once we have your agreement to proceed and your strategy is in place, we take the strain, updating you along the way and providing you with the information you need to make key decisions at each stage. We’ll also share frequent reports on price positions for total assurance around the performance of your strategy.

 

Flexible Purchasing

Bespoke flexible energy supply contracts are available to large energy users wishing to take advantage of the full flexibility of the wholesale electricity and gas markets. You will receive the benefit of strategic risk management to take full advantage of market conditions. Inenco’s FCA accredited energy trading team will guide you through the tendering process in a fully transparent way, creating your energy risk strategy and ensuring you get the right supply contract in place.

Options Portfolio

Inenco’s Options portfolio approach is unique in the wholesale energy markets, offering a blended risk management strategy under an aggregated portfolio approach. Options gives you control over the level of risk you wish to take, and allows you to apportion your volume across four strategies with differing risk levels, all with pre-agreed parameters and managed by our FCA accredited trading desk.

 

Supplier Management

Our long standing relationships with suppliers allow us to negotiate better terms on your behalf and provide an unbiased recommendation to you based upon our understanding of your requirements.

Our internal systems critically analyse complex supplier offers and are able to provide a balanced view of commodity and pass through costs to ensure that the offers you receive are transparent and costed accurately.

We are also able to offer an independent legal review of supplier terms and conditions to ensure that you have full visibility of any contentious clauses or penalties that may exist.

“Inenco has provided market expertise and helped us to stabilise our – and our tenants’ – energy costs as far as possible in the volatile market conditions”

Purchasing Manager, housing21
 

Fixed Purchasing

There are diverse reasons why fixed price procurement may be the best fit for your business, and Inenco have the solutions to help you get the most from your fixed price contracts. Fixed price contracts are the simplest approach to the wholesale electricity and gas markets. Under a fixed contract you make a single transaction at a prevailing commodity price and this is the price you pay for the full contract duration.

STAR

Secure, Track and Reward (STAR) enables you to enjoy budget certainty and security from a rising market whilst providing you with the chance to take advantage of falling market prices. We can fix an upper limit for your energy costs for a two or three year period at no additional premium, achieving budget certainty whilst retaining some flexibility.

 

Our Approach

1
Aggregating Volume

We take a holistic approach to energy procurement, taking into account your entire portfolio and getting you the best group deal available

2
Data Handling

We handle the complex data requirements and present our findings to you in a simple, easy to understand way

3
Your Strategy & Timescales

We can place your contracts within timescales to suit your requirements and agreed strategy

4
Reporting Results

Our supplier management team will keep you updated at every stage of the process