Flexible Energy Procurement Framework

Flexible Procurement Framework

Purchase energy flexibly

Trident’s Flexible Procurement Framework gives you the opportunity to purchase energy flexibly – helping to spread risk through multiple purchases, reduce supplier margins and mitigate against future risk.

Our framework design provides a unique and innovative way to purchase energy for users who cannot access a flexible purchasing solution, providing the same level of buying power and flexibility of larger end users. The framework reduces exposure to price fluctuations in the market, whilst providing you with the ability to act quickly when market conditions are favourable. It also eliminates complex switching and volume limitations found in many standalone contracts.

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What our clients think

Over the last few months the quality and frequency of information provided by both Paul and Jitesh has been outstanding, whilst I appreciate these are very challenging times, and energy is the single most expensive cost to our business after wages and salaries, I have every confidence in your team that they are guiding us in the right direction given the information and market insight they have to hand. Both Paul and Jitesh make themselves readily available to answer the many questions I have, and we have a bi-weekly review, the last one was also attended by Mr Harrison the C.E.O., and whilst the picture is fairly bleak currently I believe we are in the best position we can be given current circumstances.

Diane Cottam, Senior Manager, Special Projects & Compliance – Ribby Hall Village

Why Trident Utilities?

360-degree energy expertise

As a customer-focused, independent energy consultancy, Trident has helped hundreds of organisations in the UK to reduce energy costs, optimise their energy procurement strategy and switch to more sustainable sources. Our unique 360-degree approach has been developed with flexibility in mind, enabling us to deliver a tailored service to meet your individual needs.

Trident’s Flexible Procurement Framework solution is the result of an extensive tender process, involving 18 suppliers for both gas and power. Each tender contained over 150 requirements for suppliers to meet.

Key features

100% REGO backed natural renewable electricity as standard (green gas also available)

Option to fix 100% of volume for the remainder of each delivery year, at any point

Reduced management fees and risk premiums through Trident negotiated contracts

Access to live wholesale markets

Managed by a highly experienced trading team

Reduce risk by spreading buying decisions

Good supplier backing

Named contacts and escalation points at supplier for query management

Supplier performance managed by set SLAs and KPIs

Volume tolerance protection at portfolio level

Non energy costs can be fixed, partially fixed or pass through from industry

Transparency for energy component of invoice

Flex Assure

Designed to reflect a fixed contract except commodity is purchased across multiple transactions before contract delivery to reduce risk of buying at, or near to, the peak. Unit rates are fixed before each annual period begins.

Low risk profile
Budget certainty is key
Non energy charges are fixed
Site additions can be added upon each contract anniversary
A client who has historically utilised fixed energy contracts

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Flex Adapt

More progressive, savings targeted approach with more scope to ride market volatility with access to near term prices within the contract delivery period. Non energy costs can also be passed through from industry, ensuring you only pay for what is used.

Low-medium risk profile
Non energy charges can be passed through or fixed
Site additions can be added at any point
Suits clients who have more flexibility to ride market volatility and access savings that those on lower risk strategies may not

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Key Features

100% REGO backed natural renewable electricity as standard (green gas also available)
Option to fix 100% of volume for the remainder of each delivery year, at any point
Reduced management fees and risk premiums through Trident negotiated contracts
Access to live wholesale markets
Managed by a highly experienced trading team
Reduce risk by spreading buying decisions
Transparency for energy component of invoice
Non energy costs can be fixed, partially fixed or pass through from industry
Volume tolerance protection at portfolio level
Supplier performance managed by set SLAs and KPIs
Named contacts and escalation points at supplier for query management
Good supplier backing

FAQs

Is the framework cross-subsidised resulting in some participants benefiting from advantageous trading completed before they joined?

No, the framework operates progressively, and trades are allocated on an individual client basis.

Will I be penalised if another participant breaches the volume tolerance?

No, the volume tolerance is monitored at framework level giving participants an added layer of protection. If a breach materialises, the supplier will only penalise participants causing the breach.

How green is the generation mix for the electricity framework?

The framework is based on 100% naturalREGO backed renewable energy from
wind, solar and hydro only. There is no biomass or landfill gas in the generation mix.

Are there options to reduce the carbon impact of my gas contract?

Yes, there are options to either offset the carbon or purchase green gas. There are multiple carbon offset options and green gas source options to choose from.

Flex Assure

Low risk profile
Budget certainty is key
Non energy charges are fixed
site additions can be added upon each contract anniversary

Flex Adapt

Low-medium risk profile
Non energy charges can be passed through or fixed
Site additions can be added at any point
Suits clients who have more flexibility to ride market volatility and access savings that those on lower risk strategies may not

Key features

100% REGO backed natural renewable electricity as standard (green gas also available)
Option to fix 100% of volume for the remainder of each delivery year, at any point
Reduced management fees and risk premiums through Trident negotiated contracts
Access to live wholesale markets
Managed by a highly experienced trading team
Reduce risk by spreading buying decisions

Transparency for energy component of invoice
Non energy costs can be fixed, partially fixed or pass through from industry
Volume tolerance protection at portfolio level
Supplier performance managed by set SLAs and KPIs
Named contacts and escalation points at supplier for query management
Good supplier backing

FAQs

Is the framework cross-subsidised resulting in some participants benefiting from advantageous trading completed before they joined?

No, the framework operates progressively, and trades are allocated on an individual client basis.

Will I be penalised if another participant breaches the volume tolerance?

No, the volume tolerance is monitored at framework level giving participants an added layer of protection. If a breach materialises, the supplier will only penalise participants causing the breach.

How green is the generation mix for the electricity framework?

The framework is based on 100% natural REGO backed renewable energy from wind, solar and hydro only. There is no biomass or landfill gas in the generation mix.

Are there options to reduce the carbon impact of my gas contract?

Yes, there are options to either offset the carbon or purchase green gas. There are multiple carbon offset options and green gas source options to choose from.

Case Studies

KTS Wire

KTS Wire (KTS) is a specialist wire manufacturer and supplier based in Leeds and part of the Suzuki Garphyttan Group.

Full Case Study

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ArcelorMittal-Case-Study-Image-V2-e1628781290100-960x540

Case Studies

ArcelorMittal Kent Wire

Facilitating a discovery workshop was necessary to understanding ArcelorMittal’s budgetary requirements. Trident identified that adopting a flexible energy supply contract with a risk managed approach to trading would deliver increased budget certainty and lower energy costs.

Full Case Study

Read All Case Studies