Posted by Carly Roper on Wednesday 20 June 2012
Organisations facing rising energy bills are being invited to fight back by combining their collective purchasing power for a better deal on gas and electricity contracts.
Chamber Utilities™ has launched a new collective energy purchasing service - enabling companies to combine their consumption and benefit from more competitive contracts in the live wholesale market.
Chamber Utilities™ recruits and groups individual Chamber Member organisations together into purchasing consortia, providing different collectives for gas and electricity contracts. The service is available for both large half-hourly metered customers and those smaller consumers without half-hourly electricity meters.
Mark Alston of Chamber Utilities, said: "Gas and power prices increased by about 20% in 2011 and are predicted to continue rising year-on-year, but there are always opportunities to buy in short-term dips even when the overall trend is up. The new Chamber Utilities Collective service enables businesses to combine forces to increase their buying power and to benefit from flexible purchasing options, irrespective of their individual budget."
The new collective energy purchasing service is delivered by global energy management group ENER-G, which is an independent energy purchasing specialist responsible for purchasing hundreds of thousands of pounds worth of contracts on behalf of UK organisations. ENER-G's analysts constantly monitor the wholesale gas and electricity markets to make purchases when market conditions are most favourable. Purchasing is aligned with a detailed risk management strategy that supports decision making and sets pre-defined risk limits.
As part of its management service, Chamber Utilities™ handles all supplier liaison, purchasing and administration, and provides a full invoice validation service to ensure accuracy of billing.
The new Chamber Utilities™ Collective service gives small and medium sized businesses an opportunity to build up a large collective budget and to move from old fixed-price terms to new style flexible contracts, (otherwise only available to larger buyers).
By purchasing flexibly rather than buying at a fixed rate, customers can buy 'little and often' to take advantage of market dips and spread the purchasing risk. Buying this way also reduces risk for suppliers which can be passed onto customers via lower risk premiums.
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