Help with buying energy

Research by npower has found that medium-sized businesses (MSBs) believe energy to be a greater risk to their business than cash flow, legislation and security, with only sales ranking higher. Over 90% of those surveyed want tools to help them take control of their energy buying, as time and resource is their number one barrier to more sophisticated purchasing. As a result, npower is launching two initiatives to help MSBs take control of their energy procurement and better manage their budget.

Direct Budget Management is a middle-ground between fixed and flexible energy contracts that enables companies to have greater control over their energy purchasing. npower will track the market on a customer's behalf and buy energy in line with an agreed strategy - ensuring complete budget certainty for a business.

PriceWatch is for customers who currently purchase energy at a fixed price but want greater flexibility and control to renew their supply contract at the best price point. This enables businesses to make a purchasing decision based on cost, instead of renewing on a fixed date which could coincide with a peak in price.

Jon Davies, head of product management and strategy (pictured) says: "A key driver of ours is empowering businesses to take better control of their energy purchasing by retaining budget certainty while making more informed buying decisions."