Buying Energy
Energy contracts to suit every type and size of business
If you’re looking for a range of contracts that provide different levels of freedom and control to suit different customer needs, we can help.
We can offer you and your customers a choice of competitively priced fixed or flexible electricity and gas contracts, with further options to tailor specific elements. You’ll also receive dedicated support to help you manage your customer portfolio as smoothly and efficiently as possible.
Flexible energy contracts
Help your customers manage market risks and harness opportunities with our range of flexible purchasing contracts. We can provide a choice of individual flexible contracts for your larger business customers, plus a group purchasing framework to give your smaller customers access to the benefits of flexible purchasing.
Access Flex: group flexible purchasing
Access Flex is our group purchasing framework which allows you to access the wholesale electricity market on behalf of customers who would not normally have sufficient consumption to do so on a standalone basis. It’s simple to manage and you’ll receive full support from the market experts on our Optimisation Desk.
Features
- Suitable for Half-Hourly (HH), Non-Half Hourly (NHH) and combined portfolios*
- No cross-subsidisation between clients (each priced by own consumption profile)
- One daily Price Setting Report combines the purchasing requirements of all clients
- Functionality such as purchasing, limit orders and warnings included
- Simple contract extension mechanism
- Greater flexibility for client additions and exits
- Dedicated support plus 24/7 online access to our Risk Navigator platform
*Excluding microbusinesses
Fixed energy contracts
Fixed contracts
With npower Business Solutions (nBS), your customers can fix their energy commodity price and choose how they pay for the rest of their invoice.
Our Fixed range provides a simple, transparent way to secure energy supply at a pre-agreed rate for up to five years. There are options for how they pay the non-commodity elements of their invoice, for a mid-term review of their electricity pricing, and they can also choose renewable electricity or carbon off-setting for gas.
Power | FIXED CERTAINTY | FIXED COMMODITY | FIXED CHOICE | MULTIPURCHASE |
---|---|---|---|---|
COMMODITY COST | Fixed | Fixed | Fixed | Flexible |
NETWORK CHARGES | Fixed | Pass Through | Fixed | Options to fix or pass through |
ENVIRONMENTAL CHARGES/LEVIES | Fixed | Pass Through | Choice of Pass Through options | Options to fix or pass through |
MID-TERM REVIEW | ✔ | ✘ | ✘ | ✘ |
BUSINESS RENEWABLE | ✔ | ✔ | ✔ | ✔ |
GAS | FIXED CERTAINTY | FIXED COMMODITY | MULTIPURCHASE |
---|---|---|---|
COMMODITY COST | Fixed | Fixed | Flexible |
TRANSPORTATION CHARGES | Fixed | Pass Through | Options to fix or pass through |
METERING CHARGES | Fixed | Pass Through | Options to fix or pass through |
MID-TERM REVIEW | ✔ | ✘ | ✘ |
Fixed: Certainty explained
Fixed: Certainty is our most straight-forward energy contract, providing maximum budget certainty. Ideal for businesses who need a predictable agreed price for their fuel and the support of a dedicated Account Manager.
Fixed: Commodity and Fixed: Choice explained
Fixed: Commodity and Fixed: Choice Our tailored contracts that offer more flexibility within an agreed, manageable framework. These contracts work well for businesses who want more choice around non-commodity payment options, and the support of a dedicated Account Manager.
Market Tracker explained
The Market Tracker contract follows the pulse of wholesale energy prices, giving a market-reflective rate for the energy used each month. This is an excellent choice for a business who wishes to benefit from dynamic prices, shorter-term contracts and more flexibility.
Unlock new energy prices with Mid-Term Review
Do your customers want to fix their energy costs but don’t want to miss out if wholesale prices start to fall?
With Mid-Term Review, they now have the option to request and secure new prices prior to the midpoint of their contract. So, if the energy market experiences a downturn, they could take advantage of updated prices.
If they don’t secure new prices following a price review, the original contract will continue without any changes. It's all about giving more control and potential savings.
Mid Term Review is available with our Fixed Certainty contract for power and gas.
Energy trading, made easy
Flex Portfolio Solutions allows you to trade energy on the wholesale market on behalf of your clients, regardless of your level of expertise or time availability.
Hedge your position independently or with the help of a dedicated, experienced Portfolio Manager. Our flexible options mean the choice is up to you!
You can also choose among three different levels of support, allowing you to decide the extent and frequency of the market updates, risk reviews and performance reports you will receive.
Like the sound of our Flex Portfolio Solutions? If you want to enter the energy trading market and like the flexibility of our Flex Portfolio Solutions offering for your customers, contact our team today.
Individual flexible contracts
For your customers with 1GWh or more consumption, we also offer a choice of individual flexible contracts.
Power | MULTIPURCHASE | FLEX STREAMLINE | FAST FLEX | FLEX INNOVATE |
---|---|---|---|---|
COMMODITY | Flexible | Flexible | Flexible | Flexible |
NON-COMMODITY COSTS | Options to fix or pass through | Options to fix or pass through | Options to fix or pass through | Options to fix or pass through |
TREATMENT OF SHAPE | N/A | Shape Premia | Shape Premia | Settled on an index (N2EX or APX) |
MIN. VOLUME | N/A but suggested 2GWh | >1 GWh | >1 GWh | >1 GWh |
UNSET FUNCTIONALITY | N/A | ✔ | ✔ | ✔ |
INDICES AVAILABLE | N/A | N2EX LEBA Spectron Closing Price | N2EX LEBA Spectron Closing Price | N2EX LEBA Spectron Closing Price |
LIMIT ORDERS | N/A | ✔ | ✔ | ✔ |
SLEEVING AVAILABLE | N/A | ✔ | ✔ | ✔ |
BILLING RATE TREATMENT | Live Monthly Billing | Forecasted billing rate with monthly reconciliation | Live Monthly Billing | Live Monthly Billing |
CONSORTIUM STRUCTURE AVAILABLE | N/A | ✔ | ✔ | ✔ |
RENEWABLE ENERGY AVAILABLE | ✔ | ✔ | ✔ | ✔ |
GAS | MULTIPURCHASE | FLEX STANDARD | FLEX INNOVATE |
---|---|---|---|
COMMODITY | Flexible | Flexible | Flexible |
NON-COMMODITY COSTS | Options to fix or pass through | Options to fix or pass through | Options to fix or pass through |
TREATMENT OF SHAPE | N/A | Shape Premia | Settled on an index (Heren or Spectron) |
MIN. VOLUME | N/A but suggested 2GWh | >1 GWh | >1 GWh |
UNSET FUNCTIONALITY | N/A | ✔ | ✔ |
INDICES AVAILABLE | N/A | Heren Day Ahead & Weekend Spectron Day Ahead & Weekend Spectron Closing Price ICE Settle Price | Heren Day Ahead & Weekend Spectron Day Ahead & Weekend Spectron Closing Price ICE Settle Price |
LIMIT ORDERS | N/A | ✔ | ✔ |
SLEEVING AVAILABLE | N/A | ✔ | ✔ |
BILLING RATE TREATMENT | Live monthly billing | Live monthly billing | Live monthly billing |
MultiPurchase for power and gas
A simple, fixed term, energy contract for power and gas, allowing you to split your contract into multiple purchases. With MultiPurchase they can fix their energy prices at points throughout the contract term to limit the risk of market fluctuations but benefit when prices fall.
How they split their contract is up to them. Additionally, MultiPurchase includes a range of benefits, including invoicing and expert support.
Flex Streamline for power and gas
This option provides complete flexibility around how you purchase energy on behalf of your customers, with full support from our market-leading Optimisation Desk. Consumption that falls outside standard base and peak-load blocks is covered by a pre-agreed shape premia. A forecasted invoicing rate is set to aid invoice validation, with a monthly reconciliation to ensure your customers accurately pay for their final purchase price.
Fast Flex for power
All the benefits of Flex Streamline but with the removal of a pre-agreed invoicing rate and monthly reconciliations. Instead, each monthly invoice shows exactly what is transacted.
Flex Innovate for power and gas
A contract designed for more sophisticated energy buyers, with all the usual benefits of flexible purchasing but allowing them to pay a published index price for any difference between their tradable blocks and their actual consumption. This means shape is transparently priced and there is no requirement for contractual volume tolerances, since your customer pays for exactly what they use.
Additional benefits
- Choose how you wish to treat non-commodity costs according to each customer’s risk appetite
- A suite of options – for instance offset/reset functionality – to further tailor contracts
- Full online support 24/7 via Risk Navigator
- Expertise always on hand via our award-winning Optimisation Desk
- Renewable option
With net zero on the horizon, finding ways to reduce emissions is more important than ever. Perhaps the simplest way is to opt for carbon-free supply.
Our Business Renewable energy and our UK Renewable Pure energy provide independently-verified sustainable power that’s fully compliant for zero GHG Scope 2 market-based reporting.
It works by matching the power your customer consumes with the equivalent volume of renewable power supplied to the grid. We evidence this by securing the corresponding number of Renewable Energy Guarantees of Origin (REGO) certificates, which are issued for each megawatt-hour (MWh) of renewable generation fed into the UK electricity system.
With net zero on the horizon, finding ways to reduce your customers emissions is more important than ever, find out more about UK Renewable energy for businesses.
Benefits
- A simple way to benefit from renewable power sources
- Enables renewable credentials to be clearly demonstrated
- UK Renewable Pure is generated from wind, solar and hydro only
- Fully compliant with World Resource Institute GHG Protocol Scope 2 Guidance
- EcoAct assurance stamp provides peace of mind that our product and processes are robust and compliant
- Report zero-carbon emissions without any requirement for additional evidence
- Available with any of our Fixed or Flexible purchasing contracts
Option for your customers to display an Energy Label at their sites as a visual demonstration of their commitment to sourcing renewable power.
The EcoAct assurance stamp gives you confidence that your supply is robustly backed by a sufficient amount of REGOs (from UK generation only) and can therefore be reported as zero-carbon-emission power.
Not sure where to start?
Find your perfect match!
Try our product selector
Fixed or Flex?
To help you identify the right contract for your customer, use our product selector.
Answer a few simple questions and we’ll match the product that best meets your customers' needs: whether its simplicity or flexibility - we have a perfect match
My customer prefers simplicity above complexity
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My customer wants a contract that needs minimal time to manage
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My customer likes to take advantage of market price changes
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All buying decisions are carefully considered, against my customers' buying strategy
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My customer values transparency and budget certainty but requires some flexibility
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My customer wants a bespoke contract that gives them maximum flexibility
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My customer wants to take advantage of market flexibility through group purchasing
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Flex: Streamline
A perfect match
Fast: Flex
A balanced approach
Flex: Innovate
A product to match your expertise
Get in touch
Access: Flex
A product with buying power
My customer likes to be secure in the knowledge that their costs won't change
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My customer wants to make decisions about individual cost elements of their contract
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My customer prefers cost certainty and simplicity above flexibility
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My customer is interested in a more bespoke contract that has the potential to make savings
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My customer is happy to pay a premium for budget certainty
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Fixed: certainty
A perfect match
Fixed: commodity
A balanced approach!
Fix: choice
Great choice!
Get in touch
Why choose to work with us?
- Expertise – as the first supplier to offer flexible purchasing contracts, our market knowledge and experience is unrivalled
- Choice –choose from a wide range of contract options and trading features to suit your portfolio
- Security – tools, support and strategies to help you manage risk appropriately
- Transparency – clear, accurate invoices so you know exactly what you’re paying for without any unexpected reconciliations
- Intelligence – daily market reports, bespoke analysis and position tracking, available 24/7 via our secure Risk Navigator portal
- Support – our award-winning Optimisation Desk offers market expertise and guidance to help you manage your energy position and spot market opportunities
Information and resources
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