LATEST MARKET UPDATE: Gas and Power prices are largely trading at parity with last week’s levels, despite some significant price swings at the front of the pricing curve. The bout of low pressure has seen reduced wind output, increasing demand for gas-fired power generation and stretching a European gas system which is struggling to attract global LNG. Winter prices have also been volatile with concerns over gas storage levels being partially offset by positive supply news surrounding the potential completion of the Nordstream 2 gas pipeline. Prices further out have been softer, as renewed coronavirus fears in the wake of the delta variant have weigh on global oil markets.

Basket Business Procurement

If you’re willing to team up with other businesses on energy procurement, then your combined bulk buying power could land you competitive rates for gas and electricity.

This is what basket procurement is: it lets you take advantage of economies of scale, opening up bespoke pricing and access to trading on the wholesale market. Like flexible procurement, you purchase energy at various points.

What’s different is that you combine buying power for different meters.

The best bit? We can manage the whole process for you, combining client volumes so that you can unlock the purchasing power of a larger client.

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Benefits of Basket Business Procurement

Flexible trading – Smaller companies using less than than 10 million kwh of energy can benefit from trading flexibility on the wholesale market and the lower rates that this provides.

Save time – You’ll get a new price each year without having the hassle of searching for new contracts.
Spread risk – Purchasing energy across multiple points means you can strike when the market is strong and prices are low.

Security – Every business is credit vetted individually and you won’t be affected if a member leaves the group.

Bespoke baskets – We run baseload and peakload baskets, meaning if you're a high baseload user you won’t cross-subsidise others.

Volume tolerance control – Volume tolerance is aggregated across the group, so you have the ability to re-forecast.

Expertise and insight – You take control by fixing as little or as much as you want with full visibility, all while benefiting from our extensive market knowledge.

Our latest project

Wembley Park

Utility Team have been working with Wembley Park to ensure overall cost savings, helping them to stabilise bills as well as ensure consistency of service.