Three Dangers
of DIY Energy
Procurement
M
aking your own business energy
procurement decisions might
sound simple, but the risk of
getting it wrong could damage your
business both now and into the
future.
Finance managers or office managers who
take on the responsibility of managing
their organisation’s energy procurement
and renewing their energy contracts face
considerable challenges. Research from
British Gas (2012) shows that 57% of small
and medium-sized businesses (SMEs) believe
their energy suppliers use too much complex
jargon. In addition, one third (34%) are calling
for simple explanations in everyday language
published as an easily accessible guide.
With limited knowledge and time available, is it
actually possible to unscramble all the industry
jargon, assess the facts, consider your business
needs, and make the right decisions?
www.energ.co.uk/procurement
Time is money
It is recommended that SMEs should examine
energy contracts at least six months before
renewal, to allow sufficient time to research the
market, compile their site’s data, negotiate with
energy suppliers, and make decisions, avoiding
pricey ‘out-of-contract’ rates. Arguably, the
huge amount of time you spend on managing
this lengthy energy procurement process could
be more profitably spent working in your area
of expertise – your core business.
If this sounds familiar, have you thought about
using the services of an energy procurement
bro