For organisations who want the most competitive energy supply contracts, Beond provide access to the online Zero Carbon Market. At the heart of this market is a reverse auction which automates the tendering and energy supplier bidding process. There’s no hiding place for the energy supplier with this level of competition, so suppliers have to offer the very best price to win your business.
Beond invite all the UK energy suppliers to bid for your business, including renewable, nuclear and fossil fuel suppliers. Where a fossil fuel supplier is the most competitive bidder, Beond pay for the carbon offset at no additional cost to the client. This ensures you get the leanest and greenest energy supply contract on the market.
Our highly experienced energy consultants support the process to provide bespoke services. You might want specific terms and conditions to be met, or have specific billing requirements, or you might not want to invite Nuclear suppliers to bid for your business. Our team of professional energy consultants and risk management experts oversee the process to ensure the best value is delivered.
Traditional fixed price contracts aren’t for everyone. Savvy energy buyers look for more sophisticated, flexible options in order to manage their price risk more effectively. Beond’s team of risk consultants can advise on the most appropriate hedging strategies, helping you to create and execute an energy risk policy.
We compare flexible energy supply contracts on a like-for-like basis using our proprietary software. Our custom-built system can compare any type of flexible purchasing contract.
Even experienced energy buyers can overlook the hidden margins and risk premiums built into energy supply contracts. We don’t. Our software will find the lowest priced supplier and our experienced consultants will negotiate the best contract starting by identifying any traps and loopholes in suppliers’ standard offers.
We’ll also take account of our client’s requirements for billing, data, green energy, etc. before recommending a winning supplier.
We use Contract Reverse Engineering service to assess new clients’ existing supply contracts and new offers. This process leverages the same software that we use to compare complex flexible purchasing contracts in our tendering process.
The software allows us to reverse engineer existing energy supply contracts to assess the level of hidden margins and risk premiums included, which even experienced buyers can fail to spot.
Once the potential saving is identified, Beond will then run an indicative tender to validate our saving claims. We typically identify savings of 3-5% for commercial businesses and 5-8% for public sector organisations.
The table below shows how we were able to unearth a further £1.24m in negotiable charges from a £24m flexible supply contract after the buyer had seemingly exhausted all his options.
These savings were initially identified using our reverse engineering process and ratified by Beond running an indicative tender.
This gave the client confidence to appoint Beond who subsequently secured these savings.
|Energy component||Reason for examination||Negotiable savings|
|BSUoS||Too high in comparison to other suppliers||£150,000|
|FIT||Undeclared on the contract offer||£480,000|
|Imbalance risk||Premium too high compared to industry||£57,600|
|Shape / residuals||Base load locked but not residuals||£48,000|
|Demand weighted energy||Weighted only first year but not indexed||£67,188|
|Aggregated price difference||Risk premium for 8 part STOD||£40,800|
|Spot price / risk harnessing||Using new risk management techinques||£403,128|
Beond believe it is all about choice. We do not believe in the one size fits all approach.
As such, Beond can provide Public Sector energy buyers with alternative buying solutions. To find out more please click here.
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