Energy Procurement
Energy procurement is as important to us as it is for our customers. We aim to obtain and secure the most economical supply arrangement available.
We source the best energy contracts for your business as the markets evolve. We will reduce costs when we partner with your company to negotiate, prepare and select key supplier contracts to minimise costs and align risk profiles.
Trusted Suppliers, Competitive Utility Deals.
Our Commercial Energy Procurement Process
What Is Energy Procurement?
Energy procurement is the process of finding the best energy solution for your business. A good plan will take into consideration your price, sustainability goals, current energy supply and the future needs of your business.
The best plans are tailor-made to each business. They find ways to reduce your bottom line without compromising on the amount of energy you need.
Types of Energy Procurement We Offer
Fixed Energy Procurement
The fixed-price energy option gives you complete certainty for the duration of your energy contract, allowing you to control your budget with accurate forecasting of energy expenditure.
This type of contract can be fully fixed for up to 5 years and can be reviewed twelve months in advance of the current contract end date, therefore creating absolute certainty over costs for the duration of the agreement.
If you do not wish to be exposed to the volatility of the energy market, a fixed-price energy contract will provide you with stability and budget certainty for the full period of your contract.
Flexible Energy Procurement
Sometimes, fixed-price contracts are too restrictive. A flexible procurement contract allows clients to take advantage of an ever-changing energy market by spreading the risks associated with energy purchasing.
Neom Utilities has a fully managed service that maximises choice for you. We help you take advantage of a volatile energy market; that way, you can capitalise on market upward and downward trends, all while reducing your costs.
When you choose flexible procurement with Neom Utilities, our dedicated procurement specialists will handle the negotiations on your behalf. They will be your point of contact and will manage the relationship with suppliers.
Passthrough Energy Procurement
Wholesale charges are fixed. However, non-commodity charges are passed through at the current rate. As a result, a passthrough contract could potentially lower your energy spend.
For organisations that are not averse to risk, do not require a fixed budget and would like more involvement with their energy contract, a passthrough contract could be the answer.
Consumption during peak periods can be expensive. Thankfully, Neom Utilities works with your business to help you understand how you’re using energy. We’ll then recommend energy efficiency measures that will enable you to take full advantage of an ever-fluctuating market.
Public Procurement
Public procurement is the process by which government departments or agencies purchase goods and services from the private sector.
Neom Utilities has a dedicated public procurement division supported by a team of industry specialists with multiple years of experience with EU compliance.
Thankfully, our team is experienced in managing OJEU-compliant tenders. We work in partnership with public sector bodies to understand the challenges and opportunities your business faces.
How Does Our Tendering Process Work?
When we submit you to a tender offer, the energy requirements your business needs will be presented to our panel of suppliers, who will then compete to win your contract by offering their most competitive pricing available.
This will be based on your meter type or industry, as they indicate your average annual consumption value.
The prices can take between 1-4 business days to get, as we want to ensure each supplier has an opportunity to bid for your custom. Your pricing will be time-sensitive and can vary from supplier to supplier.