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.”