Why Choose Us?

• We are totally independent, and tender to all licenced retailers.
• We include all relevant data to avoid any unnecessary risk margins.
• Our unique tenders are designed to attract maximum retailer responses.
• Once offers are received we then run a blind reverse auction and drive to the lowest possible ‘commission free’ price.

If you’re a purchasing manager and running the process yourself, you know that entering into a new energy contract can be a minefield – especially if you only do it every few years.

The commissions, that retailers pay brokers, are added to the rates you pay.

Our fee-for-service means:

• We remain totally independent.
• We have no retailer quotas to meet.
• With EPS retailers have to win your business.

We understand that there is a convenience in not having to pay a broker direct for their service, so our solution is:

• We arrange for our fee-for-service to be added to the metering charges and recover our fee from the meter provider.
• Instead of expensive commissions being added to the rates you pay, and then paid by the retailer to the broker.

This allows for economies of scale – we maintain our independence while negotiating:

• Cheaper energy rates, and
• Lower metering costs.

Our fee is added to your metering charge whereas commissions are hidden in your energy costs.

• All commissions in the large market are added to the raw energy rates, thus increasing the rates your business pays.
• The larger the load, the more commission is added to your bills.
• The broker has a disincentive to drive to the lowest price when commissions are involved.
• When market prices are temporarily high it is advisable to take a short-term contract, as long-term contracts lock in a broker’s commissions for longer. You are then burdened with higher prices for a longer period.

Having the right Direct Metering Agreement (DMA) is a vital step in good Risk Management, as this allows you to gain access to your interval meter data on a daily basis; and that’s important because:

• Energy prices in the large market are load-shape specific – providing retailers with meter data takes the guesswork out of the retailer’s energy pricing process – the first step in securing a low price.
• For every $0.01/kWh increase in the energy rate, the energy price of a 1 GWh site increases by $10,000pa.
• Having a DMA saves you money – unlike network charges, which have to be passed through at cost, retailers see metering as a revenue opportunity, and charge more than their cost price.
• Daily access to meter data increases the ‘speed of business’ – and avoids the costly delays in waiting for data in a rising market.

We use the only meter provider that has the software to allow the due diligence of an independent third party to ensure any retailer overcharging is corrected.

We research the market on a daily basis, and arm you with real facts and figures to help you evaluate your options objectively. You will be empowered to make informed choices – and take control over the final decision.

Put simply, when the winning retailer knows what their competition is offering, they have no incentive to offer you their floor price.

Progressive Purchasing had become more widely used as a risk management strategy for very large users to try and overcome the highly volatile nature of the wholesale electricity market.

However, it is not without risk. Many of the companies that used it missed opportunities to save, and have paid much higher prices.

How it works:

• A framework agreement is entered into for a fixed term, usually one or more years.
• Instead of locking in your entire load at a fixed price, small parts of your load can be purchased separately, thus allowing you to benefit when, and if, the price drops.
• The entire load for each quarter has to be purchased before the start of the quarter, and a load weighted average is used to determine the price for the quarter.

The Weaknesses of Progressive Purchasing:

• Future prices don’t always drop so when they increase, if prices are not locked in, you will pay more.
• It’s guaranteed not to provide the lowest or the highest price, but an average price.
• It’s hugely time consuming as there are many more decisions to be made.
• Once a framework agreement has been entered into, it cuts out competition for future purchases during the contract term, and locks in full retailer margins.
• It transfers the retailer’s risk to the end user.
• It makes forward budgeting very difficult.
• The cost of service is considerably higher because of the large number of decisions needed, and typically retailers provide brokers with up-front and progress commission for this product.
• Hedging a year or more at a time is against its fundamental style, so opportunities for lower prices will be lost in a rising market.

Energy Price Solutions has a strong client-focused culture and a highly skilled team of responsive professionals. We believe these attributes are just as important as having the right service design.
Our proven system of staff selection and training enables us to consistently deliver quality service at every step.

The benefits of our service don’t stop once you have the lowest available contract price.

Everything we do is geared around our clients saving money.

We provide a complete ‘one point of call’ account management service, where we liaise with retailers and network service providers to sort out any site or account issues that may arise.

Our Energy Management service provides:

• Ongoing Monthly Consumption & Budget reports.
• Monthly Account Validation using actual market data to have any retailer overcharging corrected.
• Monthly Detailed Summary Report.
• Monthly reporting on Power Factor, and can provide Power Factor reviews when required.
• Annual tariff reviews to ensure sites are charged the lowest possible network costs.

Our clients retain all savings we generate because we have no shared savings agreements.

We also provide assistance with NGERs reporting.

In summary: Our service design, culture, and responsive staff set us apart from our competitors. This has allowed us to develop long-term relationships.

We provide significant financial benefits, our clients discover that they can trust us and want to continue to use us.

Energy Price Solutions is Quality ISO 9001 certified.