In recent years, businesses have faced a highly volatile and unpredictable energy market, with no signs of stability on the horizon.
Amidst this uncertainty, having the ability to adapt in energy procurement is not just essential but can also lead to potential profitability.
With fifty years of industry experience, EIC has honed their expertise in delivering customised, risk-managed flexible energy procurement solutions to meet their clients’ evolving needs.
Our expertise lies in analysing consumption data, optimising procurement strategies and ensuring the lowest costs.
With our tailored procurement strategies, we ensure each strategy fits our clients’ specific requirements, delivering maximum savings and operational efficiency.
EIC offers cost-effective, risk-managed and market-responsive energy solutions with personalised service and transparency.
EIC’s experience in negotiating flexible contracts leads to significant energy cost savings. We analyse each offer, negotiate with multiple suppliers, and rank final offers against a pre-agreed scoring benchmark to secure the best energy rates.
EIC’s Risk Management team is skilled in trading strategies and supplier products. To make well-informed purchasing decisions and to mitigate risks, our team members leverage technical and fundamental analysis, along with various market intelligence sources.
Our proactive approach in developing flexible products ensures that clients can adapt to market changes swiftly. With strong relationships across all suppliers and access to the entire market, EIC can effectively negotiate and source the most suitable contract for your business, making it responsive to evolving market dynamics.
We assign a dedicated account manager to be your primary point of contact, managing the relationship with energy suppliers on your behalf. This ensures personalised attention and a streamlined communication process, allowing you to stay fully involved at every stage of the procurement process.
You will receive regular reports on your trading performance and cost forecasting, keeping you informed throughout the procurement journey. This transparency ensures that you have clear visibility into your energy procurement strategy, budget and overall performance, as well as real-time reports on the market conditions.
Our flexible energy procurement process is very straightforward and convenient
You complete the contact form or call 0208 836 3535 / 020 8836 3535
We get in touch with you to fully understand your energy requirements. We might request information about your business’s energy usage to create a personalised procurement strategy.
As an independent entity, we use our expert market analysis to fairly secure the best energy contract from top energy suppliers.
You will receive a proposal that covers your specific energy requirements, outlines the flexible energy solutions we can offer, and details the costs.
EIC proudly stands as the preeminent energy consulting firm serving businesses across the UK.
What distinguishes us from other energy consultancies is our unwavering commitment to tailoring our services to perfectly align with our clients’ unique needs.
“Thank you for the service you have delivered for the University since your appointment. It is rare to receive truly excellent and consistent customer service, yet EIC seem to offer it with ease. We have received continued good service, often going above and beyond to genuinely help us move forward as an organisation. This sets you apart, so I urge you to strive to maintain such service and look forward to working with you over the longer term.”
Dan Fernbank, Energy Manager at University of Reading
“We appointed EIC to be our procurement consultant in 2012. Since then they have tendered and negotiated a number of energy contracts on our behalf, as well as advising on strategy and general energy queries. We spend over £2.2 million a year on energy so it was important that our chosen consultant was as good as the sales pitch and could deliver the services we required. Our Account team is knowledgeable of the industry, they respond quickly to queries, liaise with suppliers on our behalf and give good advice. The Market Intelligence is invaluable and keeps me up to date with price movements.”
Alison Kitchener, Business Project Manager at Heathcoat Fabrics Limited
The core difference between a fixed and a flexible supply contract is how the energy price is set.
A fixed supply contract maintains a constant price, offering stability.
In contrast, a flexible supply contract allows the price to change with market conditions, potentially leading to cost savings during favourable periods.
The choice depends on whether a business prefers price stability or is willing to adapt to market changes for potential savings.
No.
It’s crucial to distinguish between risk and certainty when considering energy contracts. Fixed supply contracts offer greater certainty with a fixed tariff for the contract’s duration. However, relying solely on a single, unchanging purchasing decision from a volatile commodity market poses its own risks, especially when transitioning from one fixed contract to the next.
A flexible strategy should be tailored to your specific requirements and risk tolerance. By determining the level of risk you’re comfortable with, you can make more informed decisions. With a flexible approach, you have the freedom to choose and explore various options, which can provide greater confidence in securing longer-term contracts for extended cost control.
Additionally, there’s typically a time lag between deciding to secure a fixed contract and actually having it in place, which can take around a week, especially when conducting competitive fixed tendering processes. This time delay introduces risk, as market conditions can change rapidly. On the other hand, a flexible approach involves a continually monitored strategy with actions taken in minutes, rather than days, offering greater agility in response to market shifts.
At EIC, we leverage robust, in-house tools and systems to effectively implement Risk Managed strategies, backed by a proven track record of success.
There is no one-size-fits-all procurement strategy.
The key is to develop a customised trading strategy that aligns with your specific needs and remains adaptable to ensure it consistently meets your requirements.
More flexibility is generally advantageous. At EIC, all our clients benefit from personalised trading strategies.
It doesn’t have to.
Your input is a necessity, but it’s equally required in a fixed procurement strategy, where market monitoring is essential to determine the right time to secure a contract.
EIC, as your partner, offers the expertise and systems to create and execute risk-managed procurement strategies.
At a minimum, with a flexible strategy, your initial input is vital to create a tailored trading plan.
Afterward, our service is typically fully managed, with trading executed in line with the agreed strategy.
Discover energy cost savings through flexible energy solutions.
Contact EIC for a consultation to determine if flexible energy procurement is the right fit for your business.
Contact us today at 0208 836 3535 or by submitting the contact form, and take the initial step toward harnessing market volatility to your advantage.
Find out why hundreds of businesses in the UK choose us and stay. Get in touch with EIC for a consultation on the advantages of flexible energy procurement.
With a century of combined experience in carbon and energy strategy, EIC Partnership is here to help you manage today and plan for tomorrow.
Head Office
Monarch House
7-9 Stafford Road
Wallington
SM6 9AN
Redditch
3 Brooklands
Moons Moat Drive
Redditch
B98 9DW
EIC Partnership is the trading name for:
Energy Intelligence Centre Limited
Registered Number: 11899462 | Registered Address: 7-9 Stafford Road, Wallington, SM6 9AN | VAT Registration: 318 2851 01
ESS (Utility Consultants) Limited
Registered Number: 06585789 | Registered Address: 7-9 Stafford Road, Wallington, SM6 9AN | VAT Registration: 679 9865 35
The Monarch Partnership Limited
Registered Number: 04346309 | Registered Address: 7-9 Stafford Road, Wallington, SM6 9AN | VAT Registration: 793 6132 10)
