Energy Procurement Solutions

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Having Love Energy Solutions working in partnership with your business will save you time, money and reduce uncertainty within your business.

There are a range of energy procurement contracts that can be tailored to your business requirements.

The fixed price energy option gives you complete certainty for the duration of your energy contract, allowing you to control your budget with accurate forecasting of energy expenditure.

This type of contract can be fully fixed for up to 5 years and can be reviewed twelve months in advance of the current contract end date, therefore creating absolute certainty over costs for the duration of the agreement.

If you do not wish to be exposed to the volatility of the energy market, a fixed price energy contract will provide you with the stability and budget certainty for the full period of your contract.

Benefits:
  • Budget Certainty for duration of contract
  • No rising future commodity and non-commodity costs
  • Suppliers absorb the long-term pricing risk
  • Less complex
Risks
  • Supplier increases costs to try and counter the long-term risk
  • Does not enable you to take advantage of any price reductions during term

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Wholesale charges are fixed, however non-commodity charges are passed through at the current rate. As a result of this a passthrough contract could potentially lower your energy spend.

For organisations that are not averse to risk, do not require a fixed budget and would like more involvement with their energy contract, a passthrough contract could be the answer.

Consumption during peak periods can be expensive, Love Energy Solutions can work with your business to help you understand how your business uses energy and recommend energy efficiency measures that will enable you to take full advantage of an ever-fluctuating energy market.

Benefits:
  • If prices fall, you will be the one to benefit, not the supplier
  • Consumer takes on more risk, which usually lowers the costs
  • Enables you to benefit if costs fall in the future
  • Great for clients who can manage usage patterns to avoid expensive triad charges
Risks
  • As with any risk, the downside is a lack of certainty which can be a real issue if you’re on a tight budget
  • 3rd party costs can fluctuate
  • More complex
  • Cost estimates are no guarantee of future costs

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Fixed price contracts can be deemed as too restrictive for some clients, a flexible procurement contract allows clients to take advantage of an ever-changing energy market by spreading the risks associated with energy purchasing.

Love Energy Solutions has a fully managed service that maximises choice for our clients. We can help you take advantage of a volatile energy market and capitalise on market upward and downward trends whilst maximising flexibility and reducing costs.

These include contract features and functionality, the suppliers trading capacity, suppliers account management fees and suppliers’ customer service and account management.

Negotiations will be undertaken by one of Love Energy Solutions’ dedicated Procurement Specialists, they will be your point of contact and will manage the relationship with suppliers.

Benefits:
  • Take advantage of fluctuating energy market prices
  • Spread the risk over multiple purchase points
  • Gives complete control over your energy purchasing
  • Benefit from the help and ongoing support of our experienced industry professionals
Risks:
  • It is an involved process and requires you to make complex purchasing decisions, as a result you will need detailed knowledge of the energy market
  • Requires larger tradable volumes in order to access the wholesale market
  • Can expose the customer to some risk, if not properly managed

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Public procurement is the process by which government departments or agencies purchase goods and services from the private sector.

Love Energy Solutions have a dedicated public procurement division supported by a team of industry specialists with multiple years’ experience with EU compliance and OJEU compliant tenders. Our team are experienced in managing OJEU compliant tenders and can work in partnership with public sector bodies in order to understand the challenges and opportunities your business faces.

We can assist with:
  • Compliance with all EU/public sector procurement legislation
  • Formulating, understanding and agreeing energy purchasing objectives
  • Market advice through access to dedicated energy trader account management
  • Competitive tendering and a transparent supplier management process
  • Support from experienced and knowledgeable energy procurement specialists that have direct experience working within the public sector
  • Energy efficiency and sustainable energy initiatives

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