What is flexible purchasing?

A flexible energy contract allows you to spread energy purchasing through the life of the contract. This means that as the market fluctuates, you can take advantage of lowering commodity prices.

When choosing a flexible solution, organisations need to develop an effective buying and risk management strategy to remove a large proportion of the risk associated with a volatile and changing market. Without a dependable strategy, making purchases at the wrong time can prove very costly for organisations. Because energy suppliers are bound by trading floor regulations, they can only assist on a limited basis. We advise organisations not to tackle flexible energy contracts unassisted. As recommended by OFGEM, the majority of organisations partner with an energy specialist, such as Northern Gas and Power, who can advise and develop the right strategy for a flexible approach.