At present, organisations are facing challenges in obtaining stable, long-term energy contracts because of the market’s current volatility.
Notably, housing associations aren’t required to adhere to the stipulations of Section 20 of the Landlord and Tenant Act 1985 when procuring energy contracts lasting up to 12 months.
However, opting for extended energy contracts brings forth various advantages, including improved cost savings and protection against market fluctuations.
Tradable gas and power markets extend up to three years in advance, and committing to extended contracts offers enhanced visibility into future prices and a detailed breakdown of non-commodity charges.
This, in turn, equips housing associations with better tools for effective budgeting in the long run.
Moreover, the act of seeking dispensation from Section 20 consultation opens doors for housing associations to explore extended energy contracts and a broader spectrum of procurement alternatives.
Contracts spanning more than 12 months provide improved risk management and hedging opportunities.
By gaining access to a wider array of energy procurement options, housing associations can unlock additional value, benefiting both themselves and their tenants.
When seeking dispensation from Section 20 Act requirements through EIC, you gain valuable assistance from our proficient trading and risk management desk.
While the scope of support is somewhat restricted within a 12-month energy contract, opting for more extensive flexible procurement agreements enables our energy market experts to play a more substantial role in the entire process.
Our experts carefully monitor the market dynamics to secure the most favourable prices on your behalf.
If the idea of dispensation from the Section 20 Act appeals to you, we can guide you through the completion and submission of the First-tier Tribunal dispensation application form.
Additionally, we’ll assist in crafting a notification letter for tenants. This letter will not only confirm the dispensation but also provide supplementary information, aiding tenants in understanding the reasons behind your decision.
Furthermore, it affords your tenants the opportunity to express support or objection to the dispensation.
Our Section 20 Dispensation 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.
EIC stands out from other energy consultancies because we’re completely independent.
This independence allows us to offer supply options from a wide range of energy suppliers, all of whom are unrelated.
Our energy advice is unbiased, giving you the freedom to make informed decisions for your business.
We have a proven track record of skilfully negotiating cost-effective contracts, ensuring you consistently get the best energy prices when you partner with us.
If you’re already working with an energy consultancy, it’s a good idea to start exploring your options well in advance, preferably 18 to 24 months before your current supply contract expires.
It’s essential to distinguish between your energy supply contract and your energy consultancy agreement.
You have the flexibility to switch your energy consultancy while keeping your current energy supplier intact.
Our comprehensive account managed service provides our clients with peace of mind throughout the entire energy procurement process.
When you choose our fixed energy procurement service, we’ll assign an account manager to you, someone equipped with the expertise and abilities to provide a customised solution that aligns with your unique needs and requirements.
The professionals who make up our dedicated procurement team are well-versed in resolving inquiries and skilled in engaging with energy suppliers to negotiate contracts on your behalf.
The timing for transitioning to a new energy contract is flexible; you aren’t bound by a fixed schedule or renewal date.
Given the ongoing high volatility in the global energy market, it’s increasingly crucial to look beyond traditional renewal dates when contemplating a new contract.
Contact us at 0208 836 3535 or submitting the contact form today, and take the first step towards securing your energy costs!
Ready for budget stability? 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 fixed 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)
