Mitigating Risk in a Volatile Energy Market
What You'll Learn...
The difference between Fixed, Flex and Fund purchasing.
How to determine what is the best energy procurement strategy.
Taking advantage of rising and falling markets.
Why you need to know your options for procuring energy
Firstly,
Most businesses are familiar with fixed contract energy purchasing but Ruari explains that there are more options available, and being locked into a fixed contract might not be the best option for you.
Secondly,
Just because you purchase sufficient volume, doesn’t mean that a Flex contract is the best way to go. And Ruari points out that procurement leaders don’t have the time to be constantly watching the market to ensure they buy at the right price.
Thirdly,
Having a fixed rate when the markets are rising is great, but when they come back down you can find yourself overpaying. Maintaining a degree of flexibility is important to be able to avoid this risk.