Utility management specialist Orchard Energy has called on businesses in the engineering industry to check their eligibility for a flexible energy purchasing contract that could save them thousands on their energy bills.
A flexible energy contract allows a business to spread energy purchasing decisions “throughout the life of a contract” and take advantage of market conditions, to maximise the potential for savings to be made. Flexible energy contracts often have a no take or pay clause, which means energy consumption can be reforecast, and businesses can avoid purchasing a higher volume than is necessarily required.
“Flexible offers always have an element of risk, although low and medium risk offers often have a fixed element to help provide some budget certainty," said Orchard Energy MD Amar Hussain. “Multiple purchases that are made as the market changes can provide a business with greater opportunities to achieve individual savings and spread the risk of a volatile market. If you’re unsure, it’s worth seeking advice from an energy specialist that can consult on the best contract for your business.”