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How often will price change

  • 19 May 2017
  • 3 replies
  • 2097 views

Hi there,

Great service and concept. Already signed up. However how often do you expect wholesale market to vary in a manner that will impact member? Are you buying a certain volume ahead.

I used to be in this sector but dipped out recently!
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Best answer by Toby 19 May 2017, 15:23

Hi @Boltys and welcome to the community. Are you finding your way around the app and community ok?
Glad you like the concept. Our mantra is you pay what we pay; all our energy has zero markup. Which means we can have an honest, impartial conversation with our members about energy efficiency.

Buying energy in the wholesale market is far from straightforward. We use BP’s trading team to help us. We buy our energy in advance and we expect to do this every three months; it helps us smooth the price we pass to our members.

We’re committed to providing fresh, clean energy at great value so we’ll make buying decisions based on whether energy rates are rising or falling. We aim to balance price stability with the ability to pass on lower rates quickly and effectively.

A significant proportion of the wholesale cost is made up of regulated costs, for example energy transportation and distribution. Those fixed costs help reduce the impact of any change in the underlying energy market rate.

May I ask what role you had in the sector? Great to have you onboard in the community for future discussions!
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3 replies

Hi @Boltys and welcome to the community. Are you finding your way around the app and community ok?
Glad you like the concept. Our mantra is you pay what we pay; all our energy has zero markup. Which means we can have an honest, impartial conversation with our members about energy efficiency.

Buying energy in the wholesale market is far from straightforward. We use BP’s trading team to help us. We buy our energy in advance and we expect to do this every three months; it helps us smooth the price we pass to our members.

We’re committed to providing fresh, clean energy at great value so we’ll make buying decisions based on whether energy rates are rising or falling. We aim to balance price stability with the ability to pass on lower rates quickly and effectively.

A significant proportion of the wholesale cost is made up of regulated costs, for example energy transportation and distribution. Those fixed costs help reduce the impact of any change in the underlying energy market rate.

May I ask what role you had in the sector? Great to have you onboard in the community for future discussions!
Do you have any summary showing prices varying within last months/years? I'm hesitating between choosing you or the Green Network Energy, their rate is bit higher but fixed for a year.
Hi @Slawa and welcome to the community!
We always charge the wholesale rate and if this changes at any point, we'll give you 30 days notice. We've always charged the wholesale energy supply rate but as we're just starting out, I cant give any year on year comparisons I'm afraid.

If you do join up, we don't charge any exit fees, so you're free to leave at any time. You'll save money too. Anything else you'd like to chat about?

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