Top tips for your business procurement strategy

Article posted

5th Oct 2023

Read time

3-5 min read

Author

Mollie Pinnington

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Energy procurement is the process of sourcing and buying energy for a business. It is a complex task that can be time-consuming and challenging, especially for businesses with complex energy needs. An energy broker, like Resolve Energy, can help businesses develop and implement an effective energy procurement strategy that can save them money and support them throughout their contract.

Our top tips for a Business energy procurement strategy

  1. Understand your business's energy needs. The first step to developing an effective energy procurement strategy is to understand your business's energy needs. This includes understanding your energy consumption patterns, your peak demand, and your budget. Once you have a good understanding of your energy needs, you can start to develop a strategy to meet those needs.
  2. Set clear objectives. What do you want to achieve with your energy procurement strategy? Do you want to reduce costs, improve sustainability, or both? Clear objectives will help you make informed decisions about your energy procurement strategy.
  3. Consider all of your options. There are a variety of energy procurement options available to businesses. These include fixed-price contracts, variable-price contracts, and green energy contracts. An energy broker can help you to understand all of your options and choose the best ones for your business.
  4.  Negotiate your contracts. Once you have chosen your energy suppliers, it is important to negotiate your contracts carefully. An energy broker can help you to negotiate the best possible prices and terms for your business.
  5. Monitor your energy usage and spending. It is important to monitor your energy usage and spending regularly to ensure that you are on track to meet your objectives. An energy broker can help you track your energy usage and spending and identify areas where you can save money.

 

How an energy broker can help your business

An energy broker can help your business in several ways, including:

  • Save you time and money. An energy broker can save you time and money by taking care of the entire energy procurement process for you. This includes finding the best energy suppliers for your business, negotiating your contracts, and managing your account.
  • Provide expert advice and support. An energy broker can provide you with expert advice and support on all aspects of energy procurement. This includes helping you to understand your business's energy needs, choose the best energy suppliers, and negotiate your contracts.
  • Help you to achieve your energy goals. An energy broker can help you achieve your energy goals, such as reducing costs, improving sustainability, or both. They can develop a customised energy procurement strategy for your business and help you implement it effectively.

If you are looking for ways to improve your business's energy procurement strategy, consider using an energy broker. An energy broker can help you to save time and money, provide expert advice and support, and help you to achieve your energy goals.

If you're looking to save money on your energy bills then why not get in touch today? The relationships Resolve Energy has developed with over 24 of the UK’s biggest business energy suppliers allows our energy experts to source the best business energy rates available for your company right when you need them. Request a free quote today and start saving money on your energy.

Looking to pay less on your energy bills?

Get a free quote today