In our latest article by Andrew Reuss, Director of SES, read how your business can be best prepared when going to tender in a volatile energy market.
6 Ways to be tender ready in a volatile energy market
What should you do if your energy contract is expiring in the next 6 months?
The best course of action is to be prepared:
✔️ A solid energy procurement strategy is informed by in-depth knowledge of the markets, its political context, and the ways energy providers work – so use energy experts when going to tender.
✔️ Engaging with internal decision-makers early to assess the risk of both upward and downward movements.
✔️ Be ready to accept offers – same day – to ensure you lock in the contract price.
✔️ Ensuring that your Account Manager/Broker has a valid letter of authority (LOA).
✔️ Provide your Account Manager/Broker with an accurate site list with any potential move-in/move-out dates and/or changes to consumption.
✔️ Ensure your Account Manager/Broker has accurate NMIs/MIRNs, ABN and business entity details.
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*Disclaimer: This article is general information only and does not constitute financial advice. Electricity and gas commodities are volatile markets and prices vary daily.
