The misconceptions about flexible energy procurement frameworks

Are you thinking of joining a flexible energy procurement framework for your organisation but wonder whether it's the right decision? In our latest blog we examine the common misconceptions and what to think about instead.

Posted on Apr 24, 2023

As a public sector organisation, you might be considering implementing a flexible energy procurement framework. This approach can be an excellent way to manage energy costs and improve sustainability by allowing you to take advantage of market fluctuations and renewables.

However, like many things, there are several misconceptions that can lead organisations to make poor decisions or miss out on the benefits of this approach. In this post, we will address some of the most common misconceptions and what to take notice of instead.

Misconception #1: It's only for large organisations.

It's a common misconception that only large organisations can benefit from flexible energy procurement frameworks. However, this is simply not true. Any organisation, regardless of size, can purchase through this kind of framework. In fact, smaller organisations may benefit even more as they often have less budget to absorb energy cost increases.

Misconception #2: It’s too complex and time-consuming.

Implementing a framework like this may seem complicated and time-consuming, but it doesn't have to be. At LASER, we provide flexible frameworks for both Gas and Electricity and we work with you in a consultative approach to ensure we fully understand your energy needs when making your energy purchases.

Misconception #3: It’s too risky.

Flexible energy procurement frameworks do involve some risk, but the risks can be managed through careful planning and execution. We have the experience and capability to deliver your specific trading strategies. There is a wide degree of flexibility for you to spread your sites across multiple Flexible baskets for a solution that meets your risk appetite needs.

Misconception #4: It is only for renewable energy.

While renewable energy is an essential part of a sustainable energy strategy, flexible energy procurement is not only for renewables. It can also be used to purchase traditional energy sources, at competitive prices.

Misconception #5: More expensive than fixed energy procurement.

Flexible energy procurement frameworks can be less expensive than fixed energy procurement over the long term. This is because they allow you to take advantage of market fluctuations and purchase energy when prices are low. Additionally, flexible energy procurement can help you manage your energy costs more effectively, so you can avoid unexpected price increases and budget more accurately.

Misconception #6: It's not sustainable.

Flexible energy procurement can be a vital part of a sustainable energy strategy. By taking advantage of market fluctuations, you can purchase energy from renewable sources when prices are low. Additionally, flexible energy procurement can help you manage your energy consumption more effectively, which can reduce your overall energy use and carbon emissions.

Joining a flexible energy procurement framework can be an excellent way for your public sector organisation to manage its energy costs and improve sustainability. By dispelling these misconceptions, you can take advantage of the benefits of flexible energy procurement and create a more sustainable future for your organisation.

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