22 October 2018

Why pay more for energy than you need to?

The energy market has been hostage to recent upward price pressure and increased volatility. So much so, gas and power prices for this winter have risen by up to 30% and you could be losing money on your current energy contract.

This increase can be avoided if action is taken, every day could be costing you money. Securing your energy costs now means that you are protecting yourself against any future price rises, allowing you to take back control and avoid paying more for your energy.

As the sole recommended energy consultant for British Printing Industries Federation (BPIF), Inenco are a trusted consultancy with over 50 years of experience and knowledge working with print businesses.

So what do we recommend?
Take action now – where prices keep going up and up, it is risky to wait and see what happens, as it's likely that energy will ultimately cost more. With higher energy costs on the horizon, our advice is to take out, or extend, contracts now to protect against any further volatility.

Watch your budget – make sure you consider potential price rises when putting your budgets together.
Buy ahead and buy long term - over recent years, those purchasing their wholesale energy on a 3-year contract or longer, have certainly gained an advantage when securing the best possible price.

Don't delay – don't leave it to the last minute to arrange October renewals! Otherwise, suppliers are likely to be fully stretched and bids can be rushed out with high margins, leaving buyers struggling for good deals in a seller's market.

Why pay more for your energy than you need to?

How we can help:
The BPIF and Inenco have joined forces to offer BPIF members access to cost effective energy buying and energy management.
The service aims to deliver cost saving exercises that will not only uncover any potential savings or past discrepancies but will save members time in the process.

As the recommended energy partner for the BPIF, Inenco provide access not only to secure pricing and supply but also to emerging technology, sustainability and legislative developments - ensuring you always stay ahead.

Inenco's expertise can help to secure competitive advantage through identifying, measuring and mitigating risk with your energy strategy, while ensuring that as the needs of your business grows, you have the data, analysis and insights to make more informed decisions. The wide range of services can help you refine your energy needs from initial purchase to continued efficiency. With full access to the market, we aim to help your business build a more sustainable energy strategy and reduce your overall business spend.

Delivering independent, transparent and integrated energy solutions that meet your business needs today, whilst being committed to helping you secure competitive advantage today whilst future proofing your energy strategy for tomorrow.

Benefits:
– Unique strategy in accessing wholesale energy market
– Less chance of ending up with costly energy contracts
– Allows members to pick the risk strategy they are comfortable with
– Recoupment of any over payment from billing mistakes
– Improved energy efficiency
– Time savings from not having to engage in negotiating deals and checking bills.

"Our contact at Inenco warned me of some serious energy price hikes that were expected and that now was the time to act to make sure I could secure some competitive rates for the future and avoid the price increase.

In April 2017 I signed two long term contracts which weren't due to start for over 12 months. Having agreed these contracts over 12 months before they were due to commence they are going to save us thousands of pounds in comparison to waiting and taking on a contract in 2018. Another plus is that I had to do nothing because Callum did the hard work for me, including cancelling my existing contracts and ensuring the new contracts started without any issues.

As Inenco are an impartial company who show expertise in their field, I felt a lot more comfortable using them as there was no ulterior motive and they know their marketplace. I would happily recommend Inenco to other businesses."
Anonymous

For further information please contact Specialist Services on 01924 203335 or email [email protected]