With so many ways to structure your energy contract now available, buying energy at the best possible price has become an extreme challenge.
The difficulty isn't just understanding market movements, it's synthesizing all the other information that goes into your purchasing decision. To buy with confidence, three separate pieces all need to be in place:
- Your contract has to be well-structured to suit your business' operations and risk profile
- You have to ensure the prices you're being offered closely reflect the best prices available on the market
- You have to forecast future energy prices with some accuracy
Aligning all three pieces can require more time and energy than most people have, hence the growing number of professional procurement brokers. But even if you have a broker working for you, how do you know they're getting you the best terms at the best price? With energy prices at three-year lows in many parts of the country, plenty of brokers can get you a better price than you're currently paying now. To feel confident you're getting the right contract, you need a good grip on the fundamentals.
