Fixed Price Energy Procurement Strategy

Inenco has 25TW (£2.4bn) energy under management, which could power the whole of Ireland for an entire year!
Our customers are paying 48% less than the market price for their gas commodity. That's a saving of £480k per £1m that would have been spent
Our experts process over 93,000 invoices per month and we've recovered over £11m in over-charges for our clients in the last year
Inenco look after 8,000 customers across the group, managing 140,000+ meter sites
We provide support to over 500 businesses for energy and carbon management
Our solutions team have identified savings of £37.5m per annum for our clients, a total of 495,338,992 kWh savings identified
Last year we saved our CCA clients alone £25.5m

Home > Our Services > Procurement > Fixed Procurement

Fixed-price energy procurement – A solution to meet your energy objectives

This is the simplest of our solutions and provides a one-time price ﬁx covering a set supply period.

In our experience this best suits small to mid-sized energy consumers with a typical spend <£500K, who want to take a simple approach to energy purchasing; at the point of contracting. It provides price certainty for the supply period contracted for.
We put suppliers under competitive pressure to minimise margins, but our priority is on optimising the timing and length of contracting – if prices are low, we are likely to advise a long term contract, but if prices are high then a shorter contract may be more appropriate.

Get absolute price certainty

Our fixed price offering allows you to take a position in the market and lock in a fixed price should prevailing prices be favourable, but we can also help you to take a strategic approach, waiting for the market to present an opportunity before making a transaction. Our award-winning energy buying team will watch the markets for you, focusing on fixing your price at an advantageous time and for the right duration, allowing you to concentrate on managing your business.

Supplier selection can focus on supplier service capability and this may be of particular relevance for water.

Fixed-price contracts are open to all businesses, but typically they are best suited to smaller sized energy users, for whom energy does not make up a large proportion of their costs. They are ideal for those who require a high degree of price certainty.

“By selecting a fixed price contract, businesses can enjoy the peace of mind that their energy costs are locked in for the duration of the contract, giving total price certainty”

Stuart Lea, Head of Procurement Services

What information do we need to get started?

Your supply list
Your current supply contract
12 months of half-hourly consumption data per supply
12 months of invoices per supply (or 12 months of consumption data)
Any estimates of planned changes affecting future consumption
Signed Letter of Authority (LOA)
If available, your current trading positions.

Our Approach

Strategy

We will agree with you your requirements and the strategy we should adopt in terms of timing and duration of contracting

Approach suppliers

At the right time we negotiate with a range of appropriate suppliers who match and can deliver to your requirements

Analyse results

Our Procurement Specialists will analyse the results and report back with recommendations. This analysis will ensure that all offers are being compared on a like for like basis.

Place contracts

We can place your supply contracts with your preferred supplier, ensuring that offered terms are applied