FAQ's

The Flexible Energy Consortium is a business-focused flexible energy consortium (Buying Group) that provides flexible energy procurement frameworks for different types and sizes of business. It allows businesses to purchase energy in a way that optimises costs by leveraging market fluctuations while balancing stability with flexibility. 

The FEC is open to a variety of business types, including high-energy manufacturers, industrial/commercial companies, multi-site operators, retail and leisure sectors, academic institutions, and small to medium enterprises (SMEs). Even businesses with smaller energy consumption can take advantage of our flexible procurement frameworks. 

 Key benefits include:

• Cost Optimisation: Access to both fixed and flexible pricing options, helping you save during market rate decreases.
• Real-Time Insights: Through AI-powered monitoring, you gain insights into your energy usage and potential waste reduction.
• Expert Guidance: Highly experienced consultants help you navigate complex energy markets with tailored strategies.
• Sustainability: Options to incorporate renewable energy solutions to reduce your carbon footprint.

Prices are determined through a combination of pre-set price triggers and market conditions. You can lock in portions of your energy needs at favourable times, while remaining flexible on the remainder of your supply. FEC extensive trading platforms and market monitoring help ensure competitive pricing. 

In case of market volatility or rapid price increases, FEC’s hedging strategy includes risk mitigation measures such as layered hedging and pre-established price caps. This approach ensures that a portion of your energy is always secured at favourable rates, helping to buffer against extreme price spikes. Additionally, FEC continuously monitors the market and adjusts the procurement strategy as needed to minimize risk. 

FEC employs a dynamic and data-driven approach to procurement, utilising advanced software and trading platforms to monitor real-time market conditions. By setting predetermined price triggers and leveraging multiple trading platforms, FEC ensures that your energy is purchased at optimal times, hitting the lowest possible prices based on current market conditions. 

FEC works with businesses to tailor solutions that incorporate renewable energy. Whether it’s through a REGO/RGGO, corporate power purchase agreement (CPPA) or adding solar and battery storage to your infrastructure, FEC provides the expertise needed to seamlessly integrate renewable energy into your contract. 

There is a minimum requirement of 150,000kWh for Electricity (per Meter) & 150,000kWh for Gas (per Meter) to join the consortium, however businesses consuming over 5GWh annually, may benefit from more Bespoke frameworks. Smaller businesses consuming 150,000kWh + can join Framework ''Baskets'' and take advantage of the flexible purchasing models designed for their consumption levels. 

FEC provides continuous support including regular market reports, updates on your energy performance, and proactive recommendations to help you optimise costs and reduce energy wastage. You'll also have the option to access AI tools for real-time energy monitoring.