SYNERG January 2014 | Page 4

BATTLE AGAINST RISING ENERGY COSTS. What is Collective Energy Buying? S MEs can find the battle against rising energy costs overwhelming, but working with other business through collective energy buying could prove an effective way of getting a better deal. By combining with other small businesses, SMEs can gain access to flexible contracts which are usually only available to larger organisations, giving them more purchasing power and less risk. Working with other similar business on a flexible contract, SMEs are able to take advantage of market price drops to avoid paying high energy rates. This method of purchasing ‘little and often’ will give SMEs access to the best rates, and reduce supplier risk premiums. It doesn’t have to be hard work - collective energy buying is implemented by a central decision making body, appointed by the members of the purchasing collective. Ideally www.energ.co.uk/procurement this would be a specialist broker with market knowledge who can continually manage purchase requirements. take advantage of market price drops to avoid paying high energy rates A worthwhile alternative for SMEs, consider collective energy buying for greater flexibility and cost savings in 2014. Watch our animation now to find out how collective purchasing could help your business. Watch the animation now 5