Some goods and services are procured through desire whilst others are procured through necessity. Business gas and electricity most likely fall into the latter category for the vast majority of businesses.
Not only are these services that businesses do not relish buying, their almost unique delivery mechanism makes them a frequently forgotten product. For the procurement professional, or the financial controller, business gas and electricity affords little option for substantial savings and in all fairness, to the suppliers, little likelihood of being overcharged.
Bearing this in mind, how much time any business should devote to price management is fairly limited. The commercial gas and electricity markets are fundamentally complex. The typical free market mechanisms of competition are slightly skewed due to many factors and behaviours that appear to have produced nominal pricing competition. Pricing is also extremely sensitive to global activity and regional politics.
Oil prices heavily influence the cost of commercial gas and electricity and these can be erratic in their own right. With a firm link to natural resources and their extraction, the prices for commercial gas and electricity are also relentlessly trending upwards. The only mechanisms for identifying competitive pricing are either the somewhat unreliable approach of getting lucky, or the more reliable employment of expert knowledge.
At Saturn Energy, we utilise nearly twenty years of expert knowledge in the areas of commercial gas and electricity to secure the best available pricing for our clients and also identify the best times to opt into fixed or flexible pricing. Depending on the priorities of your business, the security of long term fixed pricing (up to 5 years) can secure a predictable cost on the cash flow whilst for others, low rate, flexible pricing will provide the maximum benefit from low pricing when it is available. This choice is yours.