{"id":7747,"date":"2024-01-05T15:37:10","date_gmt":"2024-01-05T15:37:10","guid":{"rendered":"https:\/\/eic.co.uk\/?p=7747"},"modified":"2024-03-07T11:36:35","modified_gmt":"2024-03-07T11:36:35","slug":"six-things-to-consider-when-negotiating-a-flexible-energy-supply-contract","status":"publish","type":"post","link":"https:\/\/eic.co.uk\/six-things-to-consider-when-negotiating-a-flexible-energy-supply-contract\/","title":{"rendered":"Six Things To Consider When Negotiating A Flexible Energy Supply Contract"},"content":{"rendered":"\t\t<div data-elementor-type=\"wp-post\" data-elementor-id=\"7747\" class=\"elementor elementor-7747\" data-elementor-post-type=\"post\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-7ee3febb elementor-section-height-min-height elementor-section-boxed elementor-section-height-default elementor-section-items-middle\" data-id=\"7ee3febb\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t\t<div class=\"elementor-background-overlay\"><\/div>\n\t\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-36813f11\" data-id=\"36813f11\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-37696b9d elementor-tablet-align-center elementor-mobile-align-left elementor-widget elementor-widget-button\" data-id=\"37696b9d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm elementor-animation-float\" href=\"\/news\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t<span class=\"elementor-button-icon\">\n\t\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" id=\"fd2f49a6-6eec-49e1-8adc-3c522f94dca6\" data-name=\"b385ca18-4b85-46d4-bb4b-571c73a19812\" width=\"30.1341\" height=\"18.1738\" viewBox=\"0 0 30.1341 18.1738\"><title>arrow-left<\/title><path d=\"M.2406,9.6909l8.2219,8.2213a.8482.8482,0,0,0,.601.261l.0147.0006a.8528.8528,0,0,0,.5956-.2409.8641.8641,0,0,0,.0105-1.2221l-.0078-.0079L2.9147,9.9418H29.259a.8566.8566,0,1,0,.0185-1.7131H2.9147L9.6738,1.47A.8576.8576,0,0,0,9.6952.2583.8462.8462,0,0,0,9.0852,0a.8951.8951,0,0,0-.621.2556L.2409,8.48A.8587.8587,0,0,0,.2406,9.6909Z\" transform=\"translate(0.0092 0)\"><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">Back To All Blogs<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-6024f75 elementor-widget elementor-widget-heading\" data-id=\"6024f75\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h1 class=\"elementor-heading-title elementor-size-default\">SIX THINGS TO CONSIDER WHEN NEGOTIATING A FLEXIBLE ENERGY SUPPLY CONTRACT<\/h1>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-67adfe95 elementor-section-height-min-height elementor-section-items-stretch elementor-section-boxed elementor-section-height-default\" data-id=\"67adfe95\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-186ee97d\" data-id=\"186ee97d\" data-element_type=\"column\" data-settings=\"{&quot;background_background&quot;:&quot;gradient&quot;}\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-3f28df3f elementor-align-center elementor-widget elementor-widget-post-info\" data-id=\"3f28df3f\" data-element_type=\"widget\" data-widget_type=\"post-info.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<ul class=\"elementor-inline-items elementor-icon-list-items elementor-post-info\">\n\t\t\t\t\t\t\t\t<li class=\"elementor-icon-list-item elementor-repeater-item-b9c04a5 elementor-inline-item\" itemprop=\"datePublished\">\n\t\t\t\t\t\t<a href=\"https:\/\/eic.co.uk\/2024\/01\/05\/\">\n\t\t\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-icon\">\n\t\t\t\t\t\t\t\t<i aria-hidden=\"true\" class=\"fas fa-calendar\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-icon-list-text elementor-post-info__item elementor-post-info__item--type-date\">\n\t\t\t\t\t\t\t\t\t\t<time>January 5, 2024<\/time>\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t<\/li>\n\t\t\t\t<\/ul>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-17234340 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"17234340\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-755f1352\" data-id=\"755f1352\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-1ad251a5 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"1ad251a5\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-5ab19216\" data-id=\"5ab19216\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-251df7f2 elementor-widget elementor-widget-heading\" data-id=\"251df7f2\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h3 class=\"elementor-heading-title elementor-size-default\">Overview<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-630c370c elementor-widget elementor-widget-text-editor\" data-id=\"630c370c\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>When you take out a flexible energy contract, our energy traders will purchase your gas or electricity directly from the wholesale markets \u2013 often securing lower rates.<br \/><br \/><\/p><p>A flexible contract allows businesses to take advantage of the ever-changing energy markets, when fixed price contracts are too restrictive for your needs. For larger energy users, we can help you take advantage of a volatile energy market and make sure you benefit from any peaks and troughs in the markets. Our aim is to maximise contract flexibility, whilst minimising your costs.<br \/><br \/><\/p><p>Let\u2019s take a look at six things you should consider when negotiating a flexible energy contract.<\/p><h2><strong><span><br \/><span style=\"text-decoration: underline;\">Contract duration<\/span><br \/><\/span><\/strong><\/h2><p>The duration of your flexible energy supply contract is often driven by market liquidity \u2013 how easy it is to trade energy on the markets. The trading windows cover four seasons (24 months) for electricity, and six seasons (36 months) for gas.<\/p><p>Longer duration flexible energy contracts provide optimal trading opportunities \u2013 so we can manage prices over time and make strategic trading decisions. It is also worth putting in place a supply contract for any periods when you need to work within a budget.<\/p><h2><strong><span><br \/><span style=\"text-decoration: underline;\">Non-commodity charges<\/span><\/span><\/strong><\/h2><p>It\u2019s important to think carefully about your non-commodity costs when securing your flexible energy supply contract. There are many options available. These range from fully fixing all or some non-commodity charges, to having all charges fully passed through at cost.<\/p><p>Fixing non-commodity costs will incur a premium and there are opportunities to save on time based non-commodity costs, although these are reducing with changes to the way that distribution and transmission charges are calculated.<\/p><p>Non-commodity costs will make up around 67% of your overall costs by 2025. So, it\u2019s vital to look at your wider energy strategy, and consider taking a more flexible approach.<\/p><h2><strong><span><br \/><span style=\"text-decoration: underline;\">Trading flexibility<\/span><\/span><\/strong><\/h2><p>Although the commodity element of your costs now makes up a smaller portion of overall spend, this is the element that we can influence most through active trading. We have access to supplier trading desks, and the ability to refloat volume means that we can sell back any energy that we have previously purchased on your behalf. Varying the size of tradeable clips should also be considered to maximise trading flexibility. Whilst there are minimum clip sizes that we need to work within, this gives us the option for multiple purchases, rather than purchasing all of the required energy immediately. This gives you more flexibility.<\/p><p>Some suppliers will also charge trading transaction fees, which can result in additional costs over the duration of the contract \u2013 so these should be factored into supply contract negotiations. We will also take into consideration your preferred trading strategy, ensuring that your contract provides the required levels of flexibility.<\/p><h2><strong><span><br \/><span style=\"text-decoration: underline;\">Volumes<\/span><\/span><\/strong><\/h2><p>When tendering a flexible energy supply contract, suppliers can make a more suitable contract offer if they have accurate information to hand \u2013 such as precise volume forecasts. Some suppliers will apply a volume tolerance to a supply contract and set limits on reforecasting.<\/p><p>So, if there are any planned or known volume changes anticipated, it is important to take these into consideration. Putting in place accurate trading volumes from the start means that we can implement effective buying strategies, from both a trading and budgeting point of view.<\/p><h2><strong><span><br \/><span style=\"text-decoration: underline;\">Administration<\/span><\/span><\/strong><\/h2><p>When choosing a supplier to renew with, it is important to consider your requirements relating to payment terms, invoicing and data access. Some suppliers can be more flexible than others regarding invoicing and payment terms, and certain factors \u2013 such as credit \u2013 can impact on the options available.<\/p><p>There are also variations in what a supplier can offer in terms of data access. Whether this is access to consumption data or invoices via a dedicated contact, or via an online portal.<\/p><h2><strong><span><br \/><span style=\"text-decoration: underline;\">Negotiation and analysis<\/span><\/span><\/strong><\/h2><p>Suppliers will charge specific fees for managing a contract and offer different premiums \u2013 for example, for renewable energy options. It\u2019s therefore vital to analyse supplier offers on a like-for-like basis, to ensure you secure the most competitive contract available.<\/p><p>Tender negotiations should consider all aspects of a supply contract, to achieve the best contract terms in line with your requirements. The main aim is to procure a competitive contract with a supplier that meets all of your day-to-day needs, whilst offering trading flexibility to suit your strategy.<\/p><h2><strong><span><br \/><span style=\"text-decoration: underline;\">How can EIC help?<\/span><\/span><\/strong><\/h2><p>Achieving more flexibility in the energy markets is an integral part of EIC\u2019s client commitment. Through a variety of services, including\u00a0<a href=\"https:\/\/www.eic.co.uk\/services\/smart-procurement\/flexible-energy-procurement\/\">flexible procurement<\/a>, smart metering, and many years of experience working with carbon monitoring and compliance, EIC goes to great lengths to offer consumers freedom and flexibility.<br \/><br \/><\/p><p>Our goal is to find the bespoke energy package that best suits your business or property, while simultaneously lowering your costs and carbon emissions.<\/p><p>We have considerable experience in negotiating individual flexible energy supply contracts for our clients. We\u2019ll analyse each offer, negotiate with each supplier and rank final offers against an appropriate scoring benchmark pre-agreed with you. From this, we\u2019ll shortlist the leading suppliers and negotiate the best overall solution \u2013 ensuring that you\u2019re fully involved at each stage.<br \/><br \/><\/p><p><a href=\"https:\/\/www.eic.co.uk\/services\/smart-procurement\/flexible-energy-procurement\/\">Click here to find out how our Flexible Energy Procurement solutions<\/a><span>\u00a0<\/span>can transform your electricity and gas-buying strategies.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-inner-section elementor-element elementor-element-62cd93e3 elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"62cd93e3\" data-element_type=\"section\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-inner-column elementor-element elementor-element-870cca1\" 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aria-hidden=\"true\"><\/i>\t\t\t\t\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-463cd8bf elementor-section-boxed elementor-section-height-default elementor-section-height-default\" data-id=\"463cd8bf\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-100 elementor-top-column elementor-element elementor-element-764783b2\" data-id=\"764783b2\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<section 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class=\"elementor-widget-container\">\n\t\t\t<div id=\"eael-post-grid-7e36a1a5\" class=\"eael-post-grid-container\">\n            <div class=\"eael-post-grid eael-post-appender eael-post-appender-7e36a1a5 eael-post-grid-style-two\" data-layout-mode=\"masonry\"><article class=\"eael-grid-post eael-post-grid-column\" data-id=\"11709\">\n        <div class=\"eael-grid-post-holder\">\n            <div class=\"eael-grid-post-holder-inner\"><div class=\"eael-entry-media\"><div class=\"eael-entry-overlay fade-in\"><i class=\"fas fa-long-arrow-alt-right\" aria-hidden=\"true\"><\/i><a href=\"https:\/\/eic.co.uk\/the-business-benefits-of-smart-energy-procurement\/\"><\/a><\/div><div class=\"eael-entry-thumbnail \">\n                                <img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-300x200.jpg\" class=\"attachment-medium size-medium wp-image-11712 lazyload\" alt=\"Image of Windmills Symbolic of Sustainable Energy Procurement\" data-srcset=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-300x200.jpg 300w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-1024x683.jpg 1024w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-768x512.jpg 768w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-1536x1024.jpg 1536w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-2048x1365.jpg 2048w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-360x240.jpg 360w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><noscript><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-300x200.jpg\" class=\"attachment-medium size-medium wp-image-11712 lazyload\" alt=\"Image of Windmills Symbolic of Sustainable Energy Procurement\" srcset=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-300x200.jpg 300w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-1024x683.jpg 1024w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-768x512.jpg 768w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-1536x1024.jpg 1536w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-2048x1365.jpg 2048w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/07\/pexels-kirill-bai-34484890-20304306-360x240.jpg 360w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/noscript>\n                              <\/div>\n                      <\/div><div class=\"eael-entry-wrapper\"><header class=\"eael-entry-header\"><h2 class=\"eael-entry-title\"><a class=\"eael-grid-post-link\" href=\"https:\/\/eic.co.uk\/the-business-benefits-of-smart-energy-procurement\/\" title=\"The Business Benefits of Smart Energy Procurement\">The Business Benefits of Smart Energy Procurement<\/a><\/h2><\/header><div class=\"eael-entry-content\">\n                                    <div class=\"eael-grid-post-excerpt\"><p>In the ever-evolving energy landscape, adopting an intelligent approach for...<\/p><a\n                                        href=\"https:\/\/eic.co.uk\/the-business-benefits-of-smart-energy-procurement\/\"\n                                        class=\"eael-post-elements-readmore-btn\">Read More<\/a><\/div>\n                                <\/div><div class=\"eael-entry-header-after style-two\"><div class=\"eael-entry-meta\"><span class=\"eael-meta-posted-on\"><i class=\"far fa-clock\"><\/i><time datetime=\"July 24, 2024\">July 24, 2024<\/time><\/span><\/div><\/div><\/div><\/div>\n        <\/div>\n    <\/article><article class=\"eael-grid-post eael-post-grid-column\" data-id=\"11680\">\n        <div class=\"eael-grid-post-holder\">\n            <div class=\"eael-grid-post-holder-inner\"><div class=\"eael-entry-media\"><div class=\"eael-entry-overlay fade-in\"><i class=\"fas fa-long-arrow-alt-right\" aria-hidden=\"true\"><\/i><a href=\"https:\/\/eic.co.uk\/uk-election-stances-on-energy-policies\/\"><\/a><\/div><div class=\"eael-entry-thumbnail \">\n                                <img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-300x200.jpg\" class=\"attachment-medium size-medium wp-image-11683 lazyload\" alt=\"Flags Hanging from the Side of a Building as UK General Election Approaches\" data-srcset=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-300x200.jpg 300w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-1024x683.jpg 1024w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-768x512.jpg 768w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-1536x1024.jpg 1536w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-2048x1365.jpg 2048w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-360x240.jpg 360w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><noscript><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"200\" src=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-300x200.jpg\" class=\"attachment-medium size-medium wp-image-11683 lazyload\" alt=\"Flags Hanging from the Side of a Building as UK General Election Approaches\" srcset=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-300x200.jpg 300w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-1024x683.jpg 1024w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-768x512.jpg 768w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-1536x1024.jpg 1536w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-2048x1365.jpg 2048w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/pexels-lina-2773597-360x240.jpg 360w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/noscript>\n                              <\/div>\n                      <\/div><div class=\"eael-entry-wrapper\"><header class=\"eael-entry-header\"><h2 class=\"eael-entry-title\"><a class=\"eael-grid-post-link\" href=\"https:\/\/eic.co.uk\/uk-election-stances-on-energy-policies\/\" title=\"UK Political Party Stances on Climate and Energy Policies\">UK Political Party Stances on Climate and Energy Policies<\/a><\/h2><\/header><div class=\"eael-entry-content\">\n                                    <div class=\"eael-grid-post-excerpt\"><p>As the UK gears up for the general election, major...<\/p><a\n                                        href=\"https:\/\/eic.co.uk\/uk-election-stances-on-energy-policies\/\"\n                                        class=\"eael-post-elements-readmore-btn\">Read More<\/a><\/div>\n                                <\/div><div class=\"eael-entry-header-after style-two\"><div class=\"eael-entry-meta\"><span class=\"eael-meta-posted-on\"><i class=\"far fa-clock\"><\/i><time datetime=\"June 25, 2024\">June 25, 2024<\/time><\/span><\/div><\/div><\/div><\/div>\n        <\/div>\n    <\/article><article class=\"eael-grid-post eael-post-grid-column\" data-id=\"11460\">\n        <div class=\"eael-grid-post-holder\">\n            <div class=\"eael-grid-post-holder-inner\"><div class=\"eael-entry-media\"><div class=\"eael-entry-overlay fade-in\"><i class=\"fas fa-long-arrow-alt-right\" aria-hidden=\"true\"><\/i><a href=\"https:\/\/eic.co.uk\/fixed-energy-tariff-ending\/\"><\/a><\/div><div class=\"eael-entry-thumbnail \">\n                                <img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"171\" src=\"data:image\/gif;base64,R0lGODlhAQABAIAAAAAAAP\/\/\/yH5BAEAAAAALAAAAAABAAEAAAIBRAA7\" data-src=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-300x171.jpg\" class=\"attachment-medium size-medium wp-image-11463 lazyload\" alt=\"\" data-srcset=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-300x171.jpg 300w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-1024x585.jpg 1024w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-768x439.jpg 768w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-1536x878.jpg 1536w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior.jpg 1792w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><noscript><img loading=\"lazy\" loading=\"lazy\" decoding=\"async\" width=\"300\" height=\"171\" src=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-300x171.jpg\" class=\"attachment-medium size-medium wp-image-11463 lazyload\" alt=\"\" srcset=\"https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-300x171.jpg 300w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-1024x585.jpg 1024w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-768x439.jpg 768w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior-1536x878.jpg 1536w, https:\/\/eic.co.uk\/wp-content\/uploads\/2024\/06\/AI-Image-of-Office-Interior.jpg 1792w\" sizes=\"(max-width: 300px) 100vw, 300px\" \/><\/noscript>\n                              <\/div>\n                      <\/div><div class=\"eael-entry-wrapper\"><header class=\"eael-entry-header\"><h2 class=\"eael-entry-title\"><a class=\"eael-grid-post-link\" href=\"https:\/\/eic.co.uk\/fixed-energy-tariff-ending\/\" title=\"My Fixed Energy Tariff is Ending: Steps to Take Now\">My Fixed Energy Tariff is Ending: Steps to Take Now<\/a><\/h2><\/header><div class=\"eael-entry-content\">\n                                    <div class=\"eael-grid-post-excerpt\"><p>Is your fixed energy tariff ending? Learn essential steps to...<\/p><a\n                                        href=\"https:\/\/eic.co.uk\/fixed-energy-tariff-ending\/\"\n                                        class=\"eael-post-elements-readmore-btn\">Read More<\/a><\/div>\n                                <\/div><div class=\"eael-entry-header-after style-two\"><div class=\"eael-entry-meta\"><span class=\"eael-meta-posted-on\"><i class=\"far fa-clock\"><\/i><time datetime=\"June 11, 2024\">June 11, 2024<\/time><\/span><\/div><\/div><\/div><\/div>\n        <\/div>\n    <\/article><\/div>\n            <div class=\"clearfix\"><\/div>\n        <\/div>            <div class=\"eael-load-more-button-wrap eael-force-hide\">\n                <button class=\"eael-load-more-button\" id=\"eael-load-more-btn-7e36a1a5\" data-widget-id=\"7e36a1a5\" data-widget=\"7e36a1a5\" data-page-id=\"7747\" data-template=\"{&quot;dir&quot;:&quot;lite&quot;,&quot;file_name&quot;:&quot;default.php&quot;,&quot;name&quot;:&quot;Post-Grid&quot;}\" data-class=\"Essential_Addons_Elementor\\Elements\\Post_Grid\" data-layout=\"masonry\" data-page=\"1\" data-args=\"orderby=date&amp;order=desc&amp;ignore_sticky_posts=1&amp;post_status=publish&amp;posts_per_page=3&amp;offset=0&amp;post_type=post\" data-max-page=\"19\">\n                    <span class=\"eael-btn-loader button__loader\"><\/span>\n                    <span class=\"eael_load_more_text\">Load More<\/span>\n                <\/button>\n            <\/div>\n            \t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<section class=\"elementor-section elementor-top-section elementor-element elementor-element-d1f9caa elementor-section-full_width elementor-section-height-default elementor-section-height-default\" data-id=\"d1f9caa\" data-element_type=\"section\" data-settings=\"{&quot;background_background&quot;:&quot;classic&quot;}\">\n\t\t\t\t\t\t<div class=\"elementor-container elementor-column-gap-default\">\n\t\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-36f07e98\" data-id=\"36f07e98\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-2a68a098\" data-id=\"2a68a098\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-19b598e7 elementor-widget__width-initial elementor-widget elementor-widget-heading\" data-id=\"19b598e7\" data-element_type=\"widget\" data-widget_type=\"heading.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t<h2 class=\"elementor-heading-title elementor-size-default\">FAQs<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7dafa435 elementor-widget__width-initial elementor-widget-mobile__width-initial elementor-widget elementor-widget-text-editor\" data-id=\"7dafa435\" data-element_type=\"widget\" data-widget_type=\"text-editor.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t\t\t<p>See a selection of our most frequently asked questions.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<div class=\"elementor-element elementor-element-7817388d elementor-widget elementor-widget-button\" data-id=\"7817388d\" data-element_type=\"widget\" data-widget_type=\"button.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t\t\t<div class=\"elementor-button-wrapper\">\n\t\t\t<a class=\"elementor-button elementor-button-link elementor-size-sm\" href=\"#\">\n\t\t\t\t\t\t<span class=\"elementor-button-content-wrapper\">\n\t\t\t\t\t\t\t\t\t<span class=\"elementor-button-text\">CONTACT US<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-726daf38\" data-id=\"726daf38\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap elementor-element-populated\">\n\t\t\t\t\t\t<div class=\"elementor-element elementor-element-791b874f elementor-widget elementor-widget-eael-adv-accordion\" data-id=\"791b874f\" data-element_type=\"widget\" data-widget_type=\"eael-adv-accordion.default\">\n\t\t\t\t<div class=\"elementor-widget-container\">\n\t\t\t        <div class=\"eael-adv-accordion\" id=\"eael-adv-accordion-791b874f\" data-scroll-on-click=\"no\" data-scroll-speed=\"300\" data-accordion-id=\"791b874f\" data-accordion-type=\"accordion\" data-toogle-speed=\"300\">\n    <div class=\"eael-accordion-list\">\n                <div id=\"which-suppliers-does-eic-work-with\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"1\" aria-controls=\"elementor-tab-content-2031\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">Which suppliers does EIC work with?<\/span><\/div><div id=\"elementor-tab-content-2031\" class=\"eael-accordion-content clearfix\" data-tab=\"1\" aria-labelledby=\"which-suppliers-does-eic-work-with\"><p>EIC stands out from other energy consultancies because we&#8217;re completely independent.<br \/><br \/>This independence allows us to offer supply options from a wide range of energy suppliers, all of whom are unrelated.<br \/><br \/>Our energy advice is unbiased, giving you the freedom to make informed decisions for your business.<br \/><br \/>We have a proven track record of skilfully negotiating cost-effective contracts, ensuring you consistently get the best energy prices when you partner with us.<\/p><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"what-if-i-am-already-with-an-energy-consultancy\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"2\" aria-controls=\"elementor-tab-content-2032\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">What if I am already with an energy consultancy?<\/span><\/div><div id=\"elementor-tab-content-2032\" class=\"eael-accordion-content clearfix\" data-tab=\"2\" aria-labelledby=\"what-if-i-am-already-with-an-energy-consultancy\"><p>If you&#8217;re already working with an energy consultancy, it&#8217;s a good idea to start exploring your options well in advance, preferably 18 to 24 months before your current supply contract expires.<br \/><br \/>It&#8217;s essential to distinguish between your energy supply contract and your energy consultancy agreement.<br \/>You have the flexibility to switch your energy consultancy while keeping your current energy supplier intact.<\/p><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"what-happens-after-the-energy-procurement-step\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"3\" aria-controls=\"elementor-tab-content-2033\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">What happens after the energy procurement step?<\/span><\/div><div id=\"elementor-tab-content-2033\" class=\"eael-accordion-content clearfix\" data-tab=\"3\" aria-labelledby=\"what-happens-after-the-energy-procurement-step\"><p>Our comprehensive account managed service provides our clients with peace of mind throughout the entire energy procurement process.<br \/><br \/>When you choose our fixed energy procurement service, we&#8217;ll assign an account manager to you, someone equipped with the expertise and abilities to provide a customised solution that aligns with your unique needs and requirements.<br \/><br \/>The professionals who make up our dedicated procurement team are well-versed in resolving inquiries and skilled in engaging with energy suppliers to negotiate contracts on your behalf.<\/p><\/div>\n                <\/div><div class=\"eael-accordion-list\">\n                <div id=\"when-is-the-best-time-to-renew-my-energy-contract\" class=\"elementor-tab-title eael-accordion-header\" tabindex=\"0\" data-tab=\"4\" aria-controls=\"elementor-tab-content-2034\"><span class=\"eael-advanced-accordion-icon-closed\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-plus\"><\/i><\/span><span class=\"eael-advanced-accordion-icon-opened\"><i aria-hidden=\"true\" class=\"fa-accordion-icon fas fa-minus\"><\/i><\/span><span class=\"eael-accordion-tab-title\">When is the best time to renew my energy contract?<\/span><\/div><div id=\"elementor-tab-content-2034\" class=\"eael-accordion-content clearfix\" data-tab=\"4\" aria-labelledby=\"when-is-the-best-time-to-renew-my-energy-contract\"><p>The timing for transitioning to a new energy contract is flexible; you aren&#8217;t bound by a fixed schedule or renewal date.<br \/><br \/>Given the ongoing high volatility in the global energy market, it&#8217;s increasingly crucial to look beyond traditional renewal dates when contemplating a new contract.<\/p><\/div>\n                <\/div><\/div>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t<div class=\"elementor-column elementor-col-25 elementor-top-column elementor-element elementor-element-3e5bccf\" data-id=\"3e5bccf\" data-element_type=\"column\">\n\t\t\t<div class=\"elementor-widget-wrap\">\n\t\t\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"<p>When you take out a flexible energy contract, our energy traders will purchase your gas or electricity directly from the wholesale markets \u2013 often securing lower rates.<\/p>\n","protected":false},"author":14,"featured_media":8620,"comment_status":"open","ping_status":"open","sticky":false,"template":"elementor_header_footer","format":"standard","meta":{"inline_featured_image":false,"_themeisle_gutenberg_block_has_review":false,"footnotes":""},"categories":[1],"tags":[],"class_list":["post-7747","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v23.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Six Things To Consider When Negotiating A Flexible Energy Supply Contract - EIC Partnership<\/title>\n<meta name=\"description\" content=\"A flexible contract allows businesses to take advantage of the ever-changing energy markets, when fixed price contracts are too restrictive for your needs.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" 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