Benham Publishing Businesss Magazines December 2013 | Page 8

UPFront

Chamber Energy explained
don’t pay over the odds for your business energy bills

energy market to find the best deal. Allowing
Chamber Energy to take care of this process
leaves more time available for you to focus
your efforts on your core business.
What is the process when you contact LSI
and how does their service help you get a
cheaper price?

How it works for you:
1 A Chamber member contacts LSI to receive
their free of charge assessment of current
energy bills.
2 LSI will ask the member to sign and return a
Letter of Authority (LOA). This LOA does not
contractually tie the member to LSI at any
time and is merely required by the suppliers
to allow LSI to find all the relevant information
needed to assist the member with their price
comparison.
3 If contract end dates are unknown LSI will
contact the member’s energy supplier, find
out the dates and will report back to the
member. Dependant on when the contracts
are due for renewal, the process could now
move to 4a or 4b.

The Hertfordshire Chamber of Commerce has
partnered with LSI Independent Utility Brokers Ltd
to offer members the benefits of Chamber Energy.
LSI has 20 years experience and considerable
buying power within the energy markets.
Energy charges are one of the largest costs
facing any business. As business energy prices
continue to rise they are becoming ever more
important in absolute and relative terms. Energy
management and sustainability schemes have

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INSPIRE

also forced businesses to look more closely at
the price that they pay for energy as well as to
consider the amount of energy they consume.
Many energy users are paying far higher prices
than necessary, as they do not have the time or
expertise to fully understand the energy market
and the different options available to them to
reduce costs. There has never been a better
time to engage a specialist broker as LSI take
the strain and help you compare the business

4 a) If the member’s contacts are due for
renewal within the next six months LSI will give
them the option to forward purchase and
help them negotiate a bespoke length
contract. LSI would arrange with the member
a particular day in which they were available
to send them live prices. In most cases LSI will
provide the top three prices they receive and
show potential savings in both monetary and
percentage terms, comparing prices to the
members previous contract or their current
suppliers renewal rates. Utilities are a
commodity and prices are always changing,
therefor