The Challenges
of Managing Your
Own Energy
Read more on our blog
D
eveloping a business energy
procurement strategy is not as
straightforward as many
think - using an energy broker
is often an excellent option for
businesses of all sizes to secure a
good deal in a complex market. Our
Uberflip outlines everything you
need to know.
www.energ.co.uk/procurement
Many organisations manage their own business
energy procurement strategy without realising
the pitfalls such an approach entails. With rising
energy costs and increasing environmental
pressures to improve energy efficiency, you
need to ensure you understand and can
overcome the challenges of managing your
own energy.
Here are seven things you need to know...
1. The cheapest quote may not be the
best option
2. Understand complex terms and
conditions
The energy industry lacks price transparency
with a large number of suppliers offering a
myriad of different products and rates. This
means comparing quotes is not straightforward
– it’s like comparing apples with oranges. The
cheapest quoted rate may not necessarily be
the cheapest overall option or the best value for
your business. Therefore expert knowledge may
be required to see beyond the headline figures
and compare like with like, giving you a simple
explanation of the options for you to make an
informed decision.
Energy supply contracts have typically long
and complex terms and conditions. These are
becoming increasingly complicated, especially
with the addition of new clauses that enable
suppliers to ‘pass-through’ additional third party
charges during your contract term. Typically,
customers find additional charges appearing on
their bill, with the supplier referencing specific
small print that justifies the increase.
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